# Cenovus Energy Inc. (CVE)

> Source: Nexqual · https://nexqual.com/CVE · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Cenovus Energy Inc. (CVE), nexqual.com/CVE" · informational, not investment advice.

**Price:** USD 32.01 (-3.38% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 33.13 · day 31.85–33.59 · 52w 15.63–34.16 · market cap $59.0B · NYQ

## Key facts
- 1 of 80 tracked superinvestors hold CVE (13F, Q2 2026): 0 new, 0 added, 1 reduced, 0 unchanged.
- Analysts: Buy (mean 1.50 on a 1–5 scale) (16 analysts), mean target USD 36.55 (range 33.1–40).
- Total return with dividends: 1Y +88.0% vs S&P 500 +14.9%; 5Y +205.6% vs S&P 500 +80.3%.
- Next earnings: 2026-10-29, EPS estimate USD 1.08, revenue estimate $16.1B.

## Superinvestors (SEC 13F-HR, Q2 2026)
1 of 80 tracked investors hold CVE. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Lee Ainslie | Maverick Capital | 0.01% | $990K | Reduced -3.7% |

## Analysts
Consensus Buy (mean 1.50 on a 1–5 scale), 16 analysts; mean target USD 36.55 (low 33.1, high 40).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-07-30 | RBC Capital | Target raised | Outperform | $47 → $51 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +88.0% | +205.6% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +88.4% | +25.0% |
| Volatility (annualized) | 35.9% | 40.8% |
| Max drawdown | -23.0% (May 2026→Jul 2026) | -49.1% (May 2022→Mar 2025) |

## Peers (Oil & Gas Integrated)
E (ENI S.p.A.) USD 59.53 +0.56% · SU (Suncor Energy  Inc.) USD 77.41 -2.04% · EC (Ecopetrol S.A.) USD 17.01 -1.33% · EQNR (Equinor ASA) USD 46.42 +0.65% · BP (BP p.l.c.) USD 50.05 +0.40% · PBR (Petroleo Brasileiro S.A. Petrob) USD 25.62 -0.16%

## More
Full page: https://nexqual.com/CVE · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)


Other companies that name CVE in their own reports (relationship from CVE's side):

| Relationship | Company | Their filing | Sentence |
|---|---|---|---|
| partner | Phillips 66 (PSX) | 10-K 2026-02-20 | "On October 1, 2025, we acquired the remaining 50% equity interest in WRB Refining LP (WRB), a joint venture that owned the Wood River and Borger refineries, from subsidiaries of Cenovus Energy Inc. (C…" |

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $1.08 | $0.79 | +36.9% | $16.13B | 2 |
| Next quarter (ends 2026-12-31) | $1.30 | $0.71 | +81.4% | $16.86B | 2 |
| Current fiscal year (ends 2026-12-31) | $3.91 | $3.02 | +29.4% | $63.51B | 4 |
| Next fiscal year (ends 2027-12-31) | $3.42 | $2.41 | +41.8% | $58.71B | 4 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2026-11-20 (includes earnings 2026-10-29): ±9.0%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 28 | 40.2% | ±9.0% |
| 2026-12-18 | 56 | 37.5% | ±11.9% |
| 2027-01-15 | 84 | 38.2% | ±14.7% |
| 2027-03-19 | 147 | 39.8% | ±20.1% |
| 2027-05-21 | 210 | 41.3% | ±25.0% |
| 2027-06-17 | 237 | 42.5% | ±27.1% |
| 2027-08-20 | 301 | 41.3% | ±29.5% |
| 2027-11-19 | 392 | 41.4% | ±33.2% |