Cenovus Energy (CVE) Projected to Post Earnings on Wednesday

Cenovus Energy (NYSE:CVE) (TSE:CVE) is anticipated to issue its Q2 2026 results before the market opens on Wednesday, July 29th. Analysts expect Cenovus Energy to post earnings of $1.11 per share and revenue of $11.8747 billion for the quarter. Interested persons are encouraged to explore the company’s upcoming Q2 2026 earning report for the latest details on the call scheduled for Wednesday, July 29, 2026 at 11:00 AM ET.

Cenovus Energy (NYSE:CVE) (TSE:CVE) last posted its earnings results on Wednesday, May 6th. The oil and gas company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.05. Cenovus Energy had a net margin of 9.53% and a return on equity of 15.29%. The company had revenue of $10.79 billion during the quarter, compared to analysts’ expectations of $9.47 billion. During the same quarter in the prior year, the company posted $0.47 earnings per share. Cenovus Energy’s revenue for the quarter was up 1.0% compared to the same quarter last year. On average, analysts expect Cenovus Energy to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Cenovus Energy Price Performance

NYSE CVE opened at $29.26 on Monday. The firm’s fifty day simple moving average is $27.46 and its two-hundred day simple moving average is $24.83. The company has a current ratio of 1.57, a quick ratio of 1.00 and a debt-to-equity ratio of 0.33. Cenovus Energy has a 12-month low of $14.31 and a 12-month high of $32.07. The firm has a market capitalization of $54.45 billion, a P/E ratio of 16.08 and a beta of 0.34.

Cenovus Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were issued a dividend of $0.22 per share. The ex-dividend date was Monday, June 15th. This represents a $0.88 annualized dividend and a dividend yield of 3.0%. This is a boost from Cenovus Energy’s previous quarterly dividend of $0.20. Cenovus Energy’s dividend payout ratio (DPR) is currently 35.16%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CVE. Wall Street Zen downgraded Cenovus Energy from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Lake Street Capital set a $36.00 price target on Cenovus Energy in a research note on Wednesday, May 13th. Scotiabank raised Cenovus Energy to a “strong-buy” rating in a report on Friday, June 26th. The Goldman Sachs Group reissued a “buy” rating on shares of Cenovus Energy in a report on Wednesday, May 13th. Finally, UBS Group restated a “buy” rating on shares of Cenovus Energy in a research note on Thursday, April 9th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $35.25.

Institutional Investors Weigh In On Cenovus Energy

Large investors have recently made changes to their positions in the stock. Canada Pension Plan Investment Board boosted its holdings in shares of Cenovus Energy by 322.7% in the 2nd quarter. Canada Pension Plan Investment Board now owns 15,521,050 shares of the oil and gas company’s stock valued at $211,338,000 after acquiring an additional 11,849,355 shares during the last quarter. FIL Ltd raised its holdings in shares of Cenovus Energy by 40.0% during the fourth quarter. FIL Ltd now owns 38,533,059 shares of the oil and gas company’s stock worth $651,880,000 after purchasing an additional 11,019,212 shares during the last quarter. AQR Capital Management LLC lifted its position in Cenovus Energy by 2,052.7% during the fourth quarter. AQR Capital Management LLC now owns 3,804,849 shares of the oil and gas company’s stock valued at $64,370,000 after purchasing an additional 3,628,105 shares during the period. The Manufacturers Life Insurance Company lifted its position in Cenovus Energy by 28.6% during the fourth quarter. The Manufacturers Life Insurance Company now owns 15,612,441 shares of the oil and gas company’s stock valued at $264,676,000 after purchasing an additional 3,468,398 shares during the period. Finally, Talaria Asset Management Pty Ltd acquired a new position in Cenovus Energy during the second quarter valued at $37,551,000. 51.19% of the stock is owned by hedge funds and other institutional investors.

Cenovus Energy Company Profile

Cenovus Energy Inc is a Canadian integrated energy company engaged in the exploration, development and production of crude oil, natural gas liquids and natural gas, together with downstream refining and marketing activities. Headquartered in Calgary, Alberta, Cenovus operates a mix of oil sands thermal and dilbit assets, conventional oil and gas properties, and owns refining and midstream assets designed to move and process hydrocarbons into finished petroleum products for commercial markets.

The company was originally formed as a spin‑off from Encana Corporation in 2009 and has grown through organic development and strategic acquisitions.