Cenovus Energy (NYSE:CVE) Downgraded by Wall Street Zen to Hold

Cenovus Energy (NYSE:CVE) (TSE:CVE) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday.

CVE has been the subject of a number of other research reports. BMO Capital Markets restated an “outperform” rating on shares of Cenovus Energy in a report on Friday. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Cenovus Energy in a research report on Tuesday, January 20th. Royal Bank Of Canada lifted their target price on Cenovus Energy from $29.00 to $31.00 and gave the company an “outperform” rating in a research report on Wednesday. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $22.00 price target on shares of Cenovus Energy in a research note on Monday, February 2nd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Cenovus Energy in a research report on Tuesday, January 27th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $27.33.

Cenovus Energy Stock Down 2.4%

NYSE CVE opened at $22.58 on Monday. The business’s fifty day simple moving average is $18.65 and its 200-day simple moving average is $17.59. The company has a quick ratio of 1.04, a current ratio of 1.57 and a debt-to-equity ratio of 0.35. The firm has a market cap of $42.44 billion, a PE ratio of 14.75 and a beta of 0.48. Cenovus Energy has a 52 week low of $10.23 and a 52 week high of $23.39.

Cenovus Energy (NYSE:CVE) (TSE:CVE) last announced its quarterly earnings data on Thursday, February 19th. The oil and gas company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.08. Cenovus Energy had a net margin of 7.92% and a return on equity of 13.25%. The firm had revenue of $9.44 billion during the quarter, compared to analyst estimates of $10.89 billion. During the same quarter in the prior year, the firm posted $0.07 earnings per share. As a group, equities analysts anticipate that Cenovus Energy will post 1.49 earnings per share for the current year.

Institutional Trading of Cenovus Energy

A number of institutional investors and hedge funds have recently bought and sold shares of CVE. T. Rowe Price Investment Management Inc. purchased a new position in shares of Cenovus Energy in the fourth quarter valued at approximately $1,058,000. Compound Planning Inc. lifted its holdings in Cenovus Energy by 12.2% during the 4th quarter. Compound Planning Inc. now owns 11,729 shares of the oil and gas company’s stock worth $198,000 after buying an additional 1,276 shares in the last quarter. Corient Private Wealth LLC boosted its position in Cenovus Energy by 33.4% in the 4th quarter. Corient Private Wealth LLC now owns 45,290 shares of the oil and gas company’s stock valued at $766,000 after buying an additional 11,350 shares during the period. Alberta Investment Management Corp grew its stake in shares of Cenovus Energy by 2.0% in the fourth quarter. Alberta Investment Management Corp now owns 5,518,825 shares of the oil and gas company’s stock worth $93,367,000 after acquiring an additional 106,225 shares in the last quarter. Finally, Vident Advisory LLC grew its stake in shares of Cenovus Energy by 17.0% in the fourth quarter. Vident Advisory LLC now owns 25,503 shares of the oil and gas company’s stock worth $432,000 after acquiring an additional 3,704 shares in the last quarter. 51.19% of the stock is currently owned by hedge funds and other institutional investors.

Cenovus Energy News Summary

Here are the key news stories impacting Cenovus Energy this week:

• Positive Sentiment: Q4 earnings beat and margin improvement: Cenovus reported Q4 EPS above consensus ($0.36 vs. $0.28) and showed stronger margins versus a year ago — a primary reason shares initially rallied after the report. Zacks: Q4 Earnings Top Estimates
• Positive Sentiment: Strong cash flow, production and throughput: Management reported roughly $2.4B cash from operations, $2.7B adjusted funds flow and ~$1.3B free funds flow, plus record upstream production and high downstream utilization — all supportive of dividends, buybacks and deleveraging. GlobeNewswire: Q4 and FY2025 Results
• Positive Sentiment: One‑time currency gain helped results: Cenovus recorded an approximately C$800M annual currency gain that magnified year‑over‑year comparisons, improving reported profitability despite weaker realized prices. Seeking Alpha: Currency Gain Magnifies Quarter
• Positive Sentiment: Dividend declared: Cenovus announced a quarterly dividend of $0.20/share (ex‑dividend March 13), providing ~3.5% yield which supports income‑oriented investors and can underpin the share price. GlobeNewswire: Q4 Release (dividend)
• Neutral Sentiment: Analyst mix and institutional flows: Analysts remain skewed bullish (several Outperform/Buy ratings and a median target near $28) but institutions reported large, mixed portfolio moves — a source of volatility but not a clear directional signal. QuiverQuant: Earnings recap & holdings
• Negative Sentiment: Valuation and oil sensitivity concerns: A Zacks piece warns CVE is near its 52‑week high after a ~58% run, noting rising valuation and sensitivity to weakening WTI forecasts as a near‑term downside risk for the stock. Zacks: Valuation Caution
• Negative Sentiment: Zacks Rank moved CVE to Strong Sell list: Zacks added CVE to its Rank #5 list on Feb 19, which can pressure sentiment and trigger short‑term selling by quantitatively driven funds. Zacks: New Strong Sell Stocks

About Cenovus Energy

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.