Cenovus Energy (CVE) Expected to Post Earnings on Friday

Cenovus Energy (NYSE:CVE) (TSE:CVE) will likely be issuing its Q3 2026 results before the market opens on Friday, October 30th. Analysts expect the company to announce earnings of $1.12 per share and revenue of $11.85 billion for the quarter. Interested persons may review the information on the company’s upcoming Q3 2026 earnings report for the latest details on the call scheduled for Friday, November 6, 2026 at 10:00 AM ET.

Cenovus Energy (NYSE:CVE) (TSE:CVE) last issued its quarterly earnings results on Wednesday, July 29th. The oil and gas company reported $1.11 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.11. The company had revenue of $14.59 billion during the quarter, compared to analyst estimates of $11.87 billion. The business’s revenue was up 47.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.45 EPS. On average, analysts expect Cenovus Energy to post $4.12 EPS for the current fiscal year and $4.01 EPS for the next fiscal year.

Cenovus Energy Stock Down 4.7%

CVE opened at $31.61 on Wednesday. The business has a 50 day moving average price of $32.22 and a two-hundred day moving average price of $27.15. Cenovus Energy has a 52 week low of $15.63 and a 52 week high of $34.16.

Analyst Ratings Changes

A number of research analysts have recently issued reports on CVE shares. Scotiabank reissued an “outperform” rating on shares of Cenovus Energy in a report on Monday, October 19th. Royal Bank Of Canada upped their price target on Cenovus Energy from $47.00 to $51.00 and gave the stock an “outperform” rating in a research note on Thursday, July 30th. Wall Street Zen raised Cenovus Energy from a “buy” rating to a “strong-buy” rating in a report on Sunday, October 11th. Morgan Stanley reaffirmed an “overweight” rating on shares of Cenovus Energy in a report on Wednesday, August 19th. Finally, UBS Group lowered shares of Cenovus Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, September 2nd. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $39.00.

Cenovus Energy Company Profile

Cenovus Energy Inc (NYSE:CVE) is an integrated Canadian energy company engaged in the exploration, development, production, transportation, and marketing of crude oil and natural gas. Its upstream operations include oil sands projects in northern Alberta, as well as conventional oil and natural gas assets in Canada.

The company also operates oil sands upgraders, refineries, and related infrastructure. Through its downstream business, Cenovus produces and markets refined petroleum products, including gasoline, diesel, jet fuel, asphalt, and other products.