CVE Stock Summary and Trading Ideas (Cenovus Energy | NYSE:CVE)

Cenovus Energy Inc is a Canadian integrated energy group. The group's upstream operations include oil sands projects in northern Alberta; thermal and conventional crude oil, natural gas, and natural gas liquids (NGLs) projects across Western Canada; crude oil production offshore Newfoundland and Labrador; and natural gas and NGLs production offshore China and Indonesia. Its downstream operations include upgrading and refining operations in Canada and the U.S., and commercial fuel operations across Canada. The group's reportable segments are: Oil Sands, Conventional, Offshore, Canadian Refining, U.S Refining, and Corporate and Eliminations. Maximum revenue is generated from its Oil Sands segment. Geographically, the group derives maximum revenue from the U.S., followed by Canada and China.

Cenovus Energy trades on the NYSE stock market under the symbol CVE.

As of October 6, 2026, CVE stock price declined to $31.24 with 8,289,889 million shares trading.

CVE has a beta of -1.29, meaning it tends to be less sensitive to market movements. CVE has a correlation of 0.19 to the broad based SPY ETF.

CVE has a market cap of $57.61 billion. This is considered a Large Cap stock.

Last quarter Cenovus Energy reported $13 billion in Revenue and $1.11 earnings per share. This beat revenue expectation by $3 billion and exceeded earnings estimates by $.19.

In the last 3 years, CVE traded as high as $34.16 and as low as $10.23.

The top ETF exchange traded funds that CVE belongs to (by Net Assets): DFIV, GUNR, DFIC, DIHP, JDVL.

CVE has outperformed the market in the last year with a return of +88.0%, while the SPY ETF gained +17.6%. In the last 3 month period, CVE beat the market returning +27.6%, while SPY returned +4.9%. However, in the most recent 2 weeks CVE has underperformed the stock market by returning -1.0%, while SPY returned +0.7%.

CVE support price is $30.73 and resistance is $32.21 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CVE shares will trade within this expected range on the day.