Cenovus Energy Inc. (CVE.TO) stock analysis

In our weekly check, Cenovus Energy Inc. is graded B (A to F). Of 25 checks on debt, profit, cash flow and trend: 19 pass, warnings: 3, red flags: 3.

About Cenovus Energy Inc.

Cenovus Energy Inc. is an Energy company (Oil & Gas Integrated) based in Canada, listed on TSX as CVE.TO.

What our checks show for CVE.TO

Red flags

• Revenue fell 7% a year over the last 3 years.
• The stock has fallen as much as 94% from a peak. Would you have held through that?
• Recovering from its deepest fall took about 6 years.

Warning signs

• Analysts expect only about 2.4% a year of growth in revenue.
• Analysts expect the net margin to shrink by 0.6 points from today's 12.4%.
• The price swings a lot: 35.6% annual volatility. Expect large ups and downs.

Strengths

• Net debt is only 0.6x a year of EBITDA: the balance sheet has room.
• Operating profit covers interest 21.2 times over.
• The net margin rose by 11.1 points over 5 years, to 12.4%.
• The gross margin is 21.4% and has risen by 9 points: pricing power is holding.
• Operating cash flow is 1.86x net profit: the profit arrives as real cash.
• Free cash flow is 14% of revenue: cash for dividends, buybacks or growth.

Next earnings report: 2026-10-29

Similar companies

IMO · E · SU · EC · EQNR · BP

Questions

What grade does Cenovus Energy Inc. (CVE.TO) have?

In our weekly check, Cenovus Energy Inc. is graded B (A to F). Of 25 checks on debt, profit, cash flow and trend: 19 pass, warnings: 3, red flags: 3. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of CVE.TO stock?

This week's biggest flags for Cenovus Energy Inc.: Weak revenue growth, Deep past fall, Slow recovery after falls. In total 6 of 25 checks show a warning or a red flag.

What does Cenovus Energy Inc. do?

Cenovus Energy Inc. is an Energy company (Oil & Gas Integrated) based in Canada, listed on TSX as CVE.TO.

When does Cenovus Energy Inc. report earnings next?

The next earnings report is expected on 2026-10-29. We re-run the checks every week, so the grade can change after it.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-24

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