Qualified Dividends are subject to the same 0%, 15%, or 20% maximum tax rates that apply to net capital gains. Further, the stock fell 16% in September 2020. Can Buy Cheaper Than Insiders Did, 10 Metals Stocks I consent to receiving information from The Motley Fool via email, direct mail, and occasional special offer phone calls. Cenovus is a Qualified Foreign Corporation and 100% of our dividends qualify for the reduced tax rates that are applicable to Qualified Dividends. We use cookies to understand how you use our site and to improve your experience. Cenovus Energy pays an annual dividend of C$0.18 per share, with a dividend yield of 3.62%. 89% of all stocks covered), Future Dividend Aristocrats: Close Contenders, Decades of Increasing Payments: 25 Let’s see if Cenovus is a good buy after the recent price correction. Canadian Oil Stocks: More Upside Than Tech in 2021? Further, the stock fell 16% in September 2020. Find the latest Dividend Yield (TTM) for Cenovus Energy Inc (CVE) Why Is Cenovus (CVE) Down 6% Since Last Earnings Report? The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. Aditya Raghunath | October 4, 2020 | More on: CVE CVE. Qualified Dividends are subject to the same 0%, 15%, or 20% … Visit performance for information about the performance numbers displayed above. How Cenovus Energy (CVE) Stock Stands Out in a Strong IndustryCenovus Energy (CVE) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well. Learn more about Zacks Equity Research reports. Cenovus Energy pays out -12.41% of its earnings out as a dividend. This is your chance to get in early on what could prove to be very special investment advice. 9 Energy Stocks Moving In Monday`s Intraday Session, Fly Intel: Wall Street`s top stories at midday, 48 Stocks Moving In Monday`s Mid-Day Session, Cenovus Energy price target raised to C$7.50 from C$6 at Raymond James, Cenovus Energy price target raised to C$10 from C$8 at National Bank. struggling to post consistent profit margins. You Can Buy Cheaper Than Insiders Did, 10 Stocks High-Yield Canadian Real Estate Stocks, 10 Must-Know If a stock is valued near, or slightly below the market average, research has shown that the market expects the stock’s dividend to increase. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Further, analysts expect Cenovus sales to rise by 19.6% in 2021. For Cenovus Energy, the company has a dividend yield of 2.53 compared to the Oil and Gas - Integrated - Canadian industry's yield of 5.01. S.A.F.E. Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank, Industry: Oil and Gas - Integrated - Canadian. Key Data for Cenovus Energy Inc. (CVE), including dividends, moving averages, valuation metrics, and more. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. A stock's beta generally indicates its volatility relative to the broader equity market; for Cenovus Energy Inc, its beta is lower than just 0.98% of dividend issuing stocks we observed. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A stock’s Dividend Uptrend rating is dependent on the company’s price-to-earnings (P/E) ratio to evaluate whether or not a stock’s dividend is likely to trend upward. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. The monthly returns are then compounded to arrive at the annual return. When the market crashed in March, shares of Cenovus Energy Inc (TSX:CVE) (NYSE:CVE) fell down to just over $2. Zacks Style Scores Education - Learn more about the Zacks Style Scores. While its sales are forecast to fall by 32.3% to $13.67 billion in 2020, it might report an adjusted loss of $1.41 per share, compared with earnings of $0.37 per share in 2019. See rankings and related performance below. Buy Cheaper Than Insiders Did, Top Ranked Dividend Cenovus Energy is engaged in developing, producing and marketing crude oil, natural gas liquids (NGLs) and natural gas in Canada with marketing activities and refining operations in the U.S. Co.'s reportable segments include: Oil Sands, which includes the development and production of bitumen in northeast Alberta including Foster Creek, Christina Lake and Narrows Lake as well as other projects; Deep Basin, which includes several acres of land primarily in the Elmworth-Wapiti, Kaybob-Edson, and Clearwater operating areas, which have natural gas and NGLs; and Refining and Marketing, which is responsible for transporting, selling and refining crude oil into petroleum and chemical products. Its operations include oil sands projects in Northeast Alberta, where Cenovus has established crude oil, natural gas liquids, and natural gas production. Cenovus is a Canada-based integrated oil and natural gas company with a market cap of $6 billion and an enterprise value of $16 billion. This was offset by lower royalties, and lower transportation and blending costs. In the 10 quarters, Cenovus has reported a net profit only four times. The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. To learn more, click here. Should You Buy Aphria (TSX:APHA) After Its Recent Pullback? Cenovus is a Qualified Foreign Corporation and 100% of our dividends qualify for the reduced tax rates that are applicable to Qualified Dividends. of the Dow, Top 25 Broker Analyst Picks of the Seek attractive dividend yields, but only on top rated stocks with a solid payment history. in the S&P, Best Dividend Paying Stocks Analysts While the stock has gained 135% since then, there are a lot of uncertainties surrounding the company. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. In the second quarter of 2020, the company reported sales of $2.17 billion, a fall of 61% year over year compared to sales of $5.6 billion in the prior-year period. Current as of October 26, 2020. Returns since inception, October 2013. The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports. Yields Got More Juicy, 10 Must-Know Like in the Dow, Broker Darlings: Top 15 Analyst Picks Not to alarm you, but you’re about to miss an important event. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. Mon, Aug 24, 8:02 AM, Zacks NASDAQ data is at least 15 minutes delayed. CRA CERB Alternatives: 2 Must-Know Emergency Payouts, Forget Growth Stocks: Here’s How to Get Price Gains and Big Dividends, Aphria (TSX:APHA) Stock Plunges: Marijuana Industry in Trouble. Cenovus Energy Inc (CVE) Fundamental Charts Dividend Yield (TTM), Analysts Estimate Cenovus Energy (CVE) to Report a Decline in Earnings: What to Look Out for, ConocoPhillips Completes $390 Million Montney Acquisition, How Cenovus Energy (CVE) Stock Stands Out in a Strong Industry. Real time prices by BATS. Renowned Canadian investor Iain Butler just named 10 stocks for Canadians to buy TODAY. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. Dividend Reinvestment Plan (DRIP) Shareholders can choose to receive their dividends either as a cash payment or automatically reinvest their dividends to purchase additional Cenovus shares through the DRIP. NYSE and AMEX data is at least 20 minutes delayed. All rights reserved. Enter your email address below to get started now, and join the other thousands of Canadians who have already signed up for their chance to get the market-beating advice from Stock Advisor Canada. Zacks Rank Education -- Learn more about the Zacks Rank Delayed quotes by Sungard. Each of the company logos represented herein are trademarks of Verizon Media; Microsoft Corporation; Nasdaq, Inc.; Dow Jones & Company; Forbes Media, LLC; Investor's Business Daily, Inc.; and Morningstar, Inc. Visit www.zacksdata.com to get our data and content for your mobile app or website. Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports. This is the return on investment that is specifically attributed to the expected dividends that are paid out over a year. However, it is still expected to post a net loss of $0.24 per share. In 2019, total production from its upstream assets averaged 452,000 BOE per day in 2019 and refineries processed 443,000 gross barrels per day. Below Book Value, 10 Canadian Stocks (ranked lower than approx. Is Cenovus Energy (CVE) a Great Value Stock Right Now? This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. © 2020 The Motley Fool Canada, ULC. How good is it? The stock is trading at a massive discount for a reason. If you wish to go to ZacksTrade, click OK. Cenovus said its operating margins were impacted by lower average realized crude oil sales price. Cenovus stock touched a multi-year low of $2.06 in March 2020. In the prior-year period, it generated $1.3 billion in cash from operations. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations.

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