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Last C$21.34 CAD
Change Today -0.19 / -0.88%
Volume 4.3M
CVE On Other Exchanges
Symbol
Exchange
Toronto
Frankfurt
As of 4:00 PM 03/31/15 All times are local (Market data is delayed by at least 15 minutes).

cenovus energy inc (CVE) Snapshot

Open
C$21.27
Previous Close
C$21.53
Day High
C$21.65
Day Low
C$21.20
52 Week High
07/2/14 - C$34.80
52 Week Low
12/16/14 - C$18.72
Market Cap
17.6B
Average Volume 10 Days
4.2M
EPS TTM
C$0.73
Shares Outstanding
824.5M
EX-Date
03/11/15
P/E TM
29.4x
Dividend
C$1.06
Dividend Yield
4.99%
Current Stock Chart for CENOVUS ENERGY INC (CVE)

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cenovus energy inc (CVE) Details

Cenovus Energy Inc., an integrated oil company, develops, produces, and markets crude oil, natural gas liquids (NGLs), and natural gas in Canada with refining operations in the United States. The company’s Oil Sands segment engages in the development and production of bitumen assets at Foster Creek, Christina Lake, Narrows Lake, and the Athabasca natural gas assets, as well as projects in the early stages of development, such as Grand Rapids and Telephone Lake. Its Conventional segment develops and produces conventional crude oil, NGLs, and natural gas in Alberta and Saskatchewan, including the heavy oil assets at Pelican Lake. This segment also includes the carbon dioxide enhanced oil recovery project at Weyburn. The company’s Refining and Marketing segment transports, sells, and refines crude oil into petroleum and chemical products. Cenovus Energy Inc. is headquartered in Calgary, Canada.

3,545 Employees
Last Reported Date: 02/13/15

cenovus energy inc (CVE) Top Compensated Officers

Chief Executive Officer, President and Non-In...
Total Annual Compensation: C$1.4M
Chief Financial Officer and Executive Vice-Pr...
Total Annual Compensation: C$590.0K
Chief Operating Officer and Executive Vice-Pr...
Total Annual Compensation: C$760.0K
Executive Vice-President of Oil Sands
Total Annual Compensation: C$650.0K
Executive Vice-President of Markets, Products...
Total Annual Compensation: C$350.0K
Compensation as of Fiscal Year 2014.

cenovus energy inc (CVE) Key Developments

Cenovus Energy Inc. Reports Unaudited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014

Cenovus Energy Inc. reported unaudited earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported total revenues of €4,238 million compared to €4,747 million a year ago. Operating cash flow of €539 million or €0.53 per diluted share compared to €976 million or €1.10 per diluted share a year ago. Cash from operating activities of €868 million compared to €976 million a year ago. Net loss of €472 million or €0.62 per diluted share compared to net loss of €58 million or €0.08 per diluted share a year ago. For the full year, the company reported total revenues of €19,642 million compared to €18,657 million a year ago. Operating cash flow of €4,158 million or €4.59 per diluted share compared to €4,468 million or €4.76 per diluted share a year ago. Cash from operating activities of €3,526 million compared to €3,539 million a year ago. Net loss of €744 million or €0.98 per diluted share compared to net loss of €662 million or €0.87 per diluted share a year ago. Earnings before income tax of €1,195 million compared to €1,094 million a year ago. Capital expenditures for property, plant and equipment of €2,779 million compared to €2,938 million a year ago.

Cenovus Energy Inc. Proposes Amendments to its Articles of Association

Cenovus Energy Inc. proposed amendments to its articles of association, to its shareholders meeting to be held on April 22, 2015.

Cenovus Energy Inc. Reports Consolidated Earnings and Production Results for the Fourth Quarter and Full Year Ended December 31, 2014; Declares Dividend for the First Quarter of 2015, Payable on March 31, 2015

Cenovus Energy Inc. reported consolidated earnings and production results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported operating loss of CAD 590 million or CAD 0.78 per diluted share against operating earnings of CAD 212 million or CAD 0.28 per diluted share a year ago. Net loss was CAD 472 million or CAD 0.62 per diluted share against CAD 58 million or CAD 0.08 per diluted share a year ago. Cash flow was CAD 401 million or CAD 0.53 per diluted share against CAD 835 million or CAD 1.10 per diluted share a year ago. Capital investment was CAD 786 million against CAD 898 million a year ago. Operating earnings, before income tax were CAD 484 million against CAD 482 million a year ago. Operating loss before income tax was CAD 749 million against operating earnings before income tax of CAD 304 million a year ago. Loss before income tax was CAD 520 million compared of CAD 22 million a year ago. For the full year, the company reported operating earnings of CAD 633 million or CAD 0.84 per diluted share against CAD 1,171 million or CAD 1.55 per diluted share a year ago. Net earnings were CAD 744 million or CAD 0.98 per diluted share against CAD 662 million or CAD 0.87 per diluted share a year ago. Cash flow was CAD 3,479 million or CAD 4.59 per diluted share against CAD 3,609 million or CAD 4.76 per diluted share a year ago. Capital investment was CAD 3,051 million against CAD 3,262 million a year ago. Cash flow down 4% from the previous year, primarily due to an 82% decrease in operating cash flow from refining. Operating earnings before income tax was CAD 901 million compared to CAD 1,708 million a year ago. Earnings before income tax was CAD 520 million compared of CAD 22 million a year ago. The company's operating and net earnings were negatively affected in 2014 by a CAD 497 million non-cash goodwill impairment associated with Pelican Lake. The impairment was caused by a decline in forecast crude oil prices as well as a slowing of the development plan at Pelican Lake. For the quarter, the company’s total oil production was 216,177 Mbbls/d against 188,743 Mbbls/d a year ago. Natural gas production was 479 MMcf/d against 514 MMcf/d a year ago. For the full year, the company’s total oil production was 203,493 Mbbls/d against 179,275 Mbbls/d a year ago. Natural gas production was 488 MMcf/d against 529 MMcf/d a year ago. The company's of directors declared a first quarter dividend of CAD 0.2662 per share, payable on March 31, 2015 to common shareholders of record as of March 13, 2015.

 

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CVE Competitors

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Industry Analysis

CVE

Industry Average

Valuation CVE Industry Range
Price/Earnings 20.1x
Price/Sales 0.8x
Price/Book 1.5x
Price/Cash Flow 6.0x
TEV/Sales 0.5x
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