About Cenovus Energy Inc. (CVE)
Cenovus Energy Inc. is a Oil & Gas Integrated company operating in the Energy sector. The company is headquartered in Calgary, Canada. CVE has been publicly traded since 2009, giving it 17+ years of trading history.
Cenovus Energy Inc. (CVE) has been publicly traded since 2009, making it a 17-year-old public company. It operates in the Oil & Gas Integrated industry within the Energy sector. The company is headquartered in Calgary, Canada and employs approximately 7,211 people. With a market capitalization of C$60 billion, CVE is a large established company.
CVE trades on the Toronto Stock Exchange and is classified as a large-cap-cap stock with a market capitalization of approximately C$60 billion. The company employs approximately 7,211 people worldwide.
Key Statistics
- Current Price
- C$31.85
- Market Cap
- C$60.07B
- 52-Week High
- C$32.74
- 52-Week Low
- C$14.48
- Sector
- Energy
- Industry
- Oil & Gas Integrated
CVE Investment Performance
CVE has gained 38.0% year-to-date in 2026. Over the past 5 years, a C$1,000 investment in CVE would have grown to C$3,814, representing a 281.4% total return. Since its IPO in 2009, a C$1,000 investment would now be worth C$1,745.
C$1,000 Invested in Cenovus Energy Inc. (CVE)
How much would C$1,000 invested in CVE be worth today?
What would C$1,000 invested in CVE 1 year ago be worth today?
A C$1,000 investment in Cenovus Energy Inc. (CVE) in 2025 would be worth C$1,646 as of March 2026, representing a +64.6% total return.
What would C$1,000 invested in CVE 3 years ago be worth today?
A C$1,000 investment in Cenovus Energy Inc. (CVE) in 2023 would be worth C$1,485 as of March 2026, representing a +48.5% total return.
What would C$1,000 invested in CVE 5 years ago be worth today?
A C$1,000 investment in Cenovus Energy Inc. (CVE) in 2021 would be worth C$3,814 as of March 2026, representing a +281.4% total return.
What would C$1,000 invested in CVE 10 years ago be worth today?
A C$1,000 investment in Cenovus Energy Inc. (CVE) in 2016 would be worth C$2,300 as of March 2026, representing a +130.0% total return.
What would C$1,000 invested in CVE at IPO be worth today?
A C$1,000 investment in Cenovus Energy Inc. (CVE) at IPO would be worth C$1,745 as of March 2026, representing a +74.5% total return.
Monthly Returns Heatmap
Over the past 16+ years (196 months), Cenovus Energy Inc. (CVE) has averaged a monthly return of +1.10% with a median return of +0.26%. The stock had 103 positive months (53%) and 93 negative months (47%). The best month in CVE's history was April 2020 with a +77.8% return, while the worst was March 2020 at -70.8%. Historically, April tends to be the strongest month (averaging +7.9%), and March the weakest (-1.8%).
CVE's longest winning streak was 10 consecutive months of gains, while its longest losing streak was 7 consecutive months of losses. The best full year was 2021 with a cumulative return of +78.5%, and the worst was 2017 at -45.9%.
Annual Returns
Over 17 years of trading history, Cenovus Energy Inc. (CVE) has delivered an average annual return of +9.16% with a median return of +2.13%. The compound annual growth rate (CAGR) is +3.40%. The stock posted gains in 10 years (59%) and losses in 7 years (41%).
CVE's best year was 2021 with a +101.55% gain, while the worst was 2017 at -42.52%. The longest streak of consecutive positive years was 3, and the longest losing streak was 3 years. CVE achieved double-digit gains (10%+) in 7 years. It suffered double-digit losses in 6 years.
| Year | Return | Start | End |
|---|---|---|---|
| 2026 | +38.02% | C$23.08 | C$31.85 |
| 2025 | +10.53% | C$20.88 | C$23.08 |
| 2024 | +2.13% | C$20.44 | C$20.88 |
| 2023 | -14.07% | C$23.79 | C$20.44 |
| 2022 | +72.44% | C$13.80 | C$23.79 |
| 2021 | +101.55% | C$6.84 | C$13.80 |
| 2020 | -40.39% | C$11.48 | C$6.84 |
| 2019 | +39.99% | C$8.20 | C$11.48 |
| 2018 | -14.88% | C$9.63 | C$8.20 |
| 2017 | -42.52% | C$16.76 | C$9.63 |
| 2016 | +17.25% | C$14.30 | C$16.76 |
| 2015 | -23.79% | C$18.76 | C$14.30 |
| 2014 | -18.10% | C$22.91 | C$18.76 |
| 2013 | -5.81% | C$24.32 | C$22.91 |
| 2012 | +0.98% | C$24.08 | C$24.32 |
| 2011 | +4.12% | C$23.13 | C$24.08 |
| 2010 | +28.21% | C$18.04 | C$23.13 |
CVE Investment Analysis: Valuation, Risk & Dividends
Key factors to consider when evaluating Cenovus Energy Inc. as an investment
Valuation
CVE currently trades at a trailing P/E ratio of 14.8, which is considered low relative to the broader market. The forward P/E of 17.2 suggests analysts expect earnings to be higher in the coming year. The price-to-book ratio stands at 1.9. The price-to-sales ratio is 1.2.
Dividends
Cenovus Energy Inc. pays a dividend to shareholders with a current yield of 2.51%. This translates to C$0.80 per share annually. The payout ratio of 36% indicates sustainable dividend coverage.
Risk & Volatility
CVE has a beta of 0.68, indicating it is less volatile than the overall market. The stock's 52-week range is C$14.48 to C$32.74, and it currently trades near its 52-week high.
Analyst Ratings
Based on 17 analyst opinions, CVE has a consensus "strong_buy" rating. The average price target of C$32.71 suggests 2.7% upside from current levels.
Frequently Asked Questions: CVE
What sector is CVE in? ▼
CVE operates in the Energy sector, specifically in the Oil & Gas Integrated industry.
How has CVE performed historically? ▼
Over 17 years of trading history, CVE has posted gains in 10 years (59% of the time). The best year was 2021 with a +101.5% return. Past performance does not guarantee future results.
How can I invest in CVE? ▼
You can invest in CVE through any brokerage account that offers access to the Toronto Stock Exchange. Popular options include commission-free brokers like Fidelity, Charles Schwab, or Robinhood (US), or international brokers like Interactive Brokers. You can buy individual shares or invest through ETFs that hold CVE.
Does CVE pay dividends? ▼
Cenovus Energy Inc. pays a dividend to shareholders with a current yield of 2.51%. This translates to C$0.80 per share annually. The payout ratio of 36% indicates sustainable dividend coverage.
What does Cenovus Energy Inc. do? ▼
Cenovus Energy Inc. is a Oil & Gas Integrated company operating in the Energy sector. The company is headquartered in Calgary, Canada.
What sector is CVE in? ▼
CVE operates in the Energy sector, specifically in the Oil & Gas Integrated industry.
When did CVE go public? ▼
Cenovus Energy Inc. went public in 2009, making it a 17-year-old public company as of 2026.
How much would C$1,000 invested in CVE 5 years ago be worth today? ▼
A C$1,000 investment in CVE five years ago would be worth approximately C$3,814 today, representing a 281.4% return.
How much would C$1,000 invested in CVE 10 years ago be worth today? ▼
A C$1,000 investment in CVE ten years ago would be worth approximately C$2,300 today, representing a 130.0% total return over the decade.
What is CVE's 3-year return? ▼
Over the past 3 years, CVE has returned 48.5%. A C$1,000 investment would have grown to C$1,485.
How much would C$1,000 invested in CVE at IPO be worth today? ▼
If you invested C$1,000 in CVE at its IPO in 2009, it would be worth approximately C$1,745 today, a 74.5% return over 17 years.
Does CVE pay dividends? ▼
Yes, Cenovus Energy Inc. pays a dividend with a current yield of 2.51%, which is C$0.8 per share annually.
What is CVE's market cap? ▼
Cenovus Energy Inc. has a market capitalization of C$60 billion, classifying it as a large-cap company.
What is CVE's P/E ratio? ▼
CVE has a trailing P/E ratio of 14.8 and a forward P/E of 17.2, which measures how much investors are paying per dollar of earnings.
Is CVE a buy, hold, or sell? ▼
Based on 17 opinions, CVE has a consensus "strong_buy" rating. The average price target is C$32.71.
Last updated: 3/15/2026