Zacks Investment Research·1d ago
Pick These 5 Bargain Stocks With Alluring EV-to-EBITDA RatiosBOOM, DINO, CVE, ZIM and PKX stand out with attractive EV-to-EBITDA ratios and strong earnings outlook.
Cenovus's integrated model and low-cost oil sands assets drive robust cash generation, with operating cash flow averaging 2.0x net income over the past ten quarters. The company has deleveraged rapidly, reducing debt from $17.0B in 2025Q4 to $11.6B by 2026Q2, while maintaining a strong liquidity position.
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue rebounded 34.7% YoY in 2026Q2 to $17.4B, but gross margin compression to 10.5% in the latest quarter highlights ongoing volatility in refining margins and pricing power.
Cenovus Energy reported robust first-quarter 2026 results with $3.4 billion in adjusted funds flow and $2.2 billion in free funds flow, indicating strong operational efficiency and cash generation.
The acquisition of MEG Energy expanded Cenovus's upstream footprint, increasing exposure to oil sands and consolidating long-duration reserves, which enhances resource longevity and production stability.
Cenovus's downstream operations, including upgrading, refining, and marketing in Canada and the U.S., provide diversified revenue streams and mitigate risks associated with volatile commodity prices.
Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Nov 4, 2026 | $1.29+15.2% vs $1.12 | $13.4B+13.5% vs $11.8B |
Q3 2026 Jul 29, 2026 | $1.11+0.0% vs $1.11 | $14.6B+22.9% vs $11.9B |
Q2 2026 May 6, 2026 | $0.61+8.9% vs $0.56 | $8.5B-10.6% vs $9.5B |
Q1 2026 Feb 19, 2026 | $0.36+28.6% vs $0.28 | $9.4B+9.0% vs $8.6B |
BOOM, DINO, CVE, ZIM and PKX stand out with attractive EV-to-EBITDA ratios and strong earnings outlook.
International Assets Investment Management LLC reduced its holdings in Cenovus Energy Inc (NYSE: CVE) (TSE: CVE) by 68.9% during the undefined quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,761 shares of the oil and gas company's stock after selling 34,854 shares during the period.
Cenovus Energy faces a widened discount to light oil, reaching $31.70, impacting Q4 2026 results. Management attributes the discount expansion mainly to temporary freight costs and is maintaining its current strategic plans. Robust commodity prices are expected to at least partially offset the negative effects of the wider differential on overall profitability.
Cenovus Energy's Q3 production topped 1 million BOE/d on oil sands strength, as lower operating costs, refining gains and major expansion projects fuel growth.
Benchmark CVE against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Cenovus Energy Inc. (CVE)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $27.45 | $50.62B | 8.21 | -13.98% | 15.38% | 25.85% | 2.02% | |
| $68.74 | $81.16B | 10.27 | -3.51% | 16.99% | 23.36% | 2.37% | |
| $48.55 | $101.26B | 12.18 | 23.87% | 24.35% | 28.73% | 3.38% | |
| $124.83 | $61.97B | 14.07 | -8.61% | 10.82% | 25.58% | 1.58% | |
| $21.92 | $769.77M | -78.99 | 19.26% | -1.4% | -2.38% | 0.54% | |
| $372.74 | $108.82B | 7.13 | -4.44% | 8.35% | 56.77% | 1% |
Cenovus Energy Inc. (CVE) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
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Cenovus Energy Inc. (CVE) stock FAQ — growth, dividends, profitability & financials explained
Cenovus Energy Inc. (CVE) reported $56.26B in revenue over the trailing twelve months. Revenue was $49.66B in fiscal year 2025. That is 146% more than the $20.15B of fiscal year 2008.
Cenovus Energy Inc. (CVE) grew revenue by 1.3% over the trailing twelve months, compared with the twelve months before.
Yes. Cenovus Energy Inc. (CVE) earned $8.65B in net income over the trailing twelve months (a 15.4% net margin).
Yes. Cenovus Energy Inc. (CVE) pays a dividend that yields 2.02% at the current price, a moderate yield.
Cenovus Energy Inc. (CVE) had a return on equity (ROE) of 25.9% over the trailing twelve months. That is well above the market's typical 10-15%.
Cenovus Energy Inc. (CVE) generated $10.61B in free cash flow over the trailing twelve months.
