Buy, Sell or Hold: Cenovus Energy (CVE-T) — Stock Predictions at Stockchase

TSE:CVE

21.22

0.12 (0.56%) 1d

Showing 1 to 15 of 403 entries

PAST TOP PICK

(A Top Pick Sep 24/21, Up 101%) Expecting company to double share price. At $100 oil, company trading at 2.6x cash flow. Expecting company to buyback 10% of shares, rest of cash will go to dividends. Thinks a 17% dividend rate is not out of the question.

oil / gas

HOLD

Balance sheet is great. Cashflow per share growth is 41%. Reasonable valuation. Trading in line, a fine play. He prefers some smaller caps really trading at a discount like VET, ARX, TOU, CPG, and PEY.

oil / gas

DON'T BUY

Used to own it but didn't like their ConocoPhillips deal. They've consolidated a lot in the last 15 years. He's content owning CNQ instead.

oil / gas

HOLD

Energy is his top net sector exposure. Cheap. Scores near the top on price momentum and valuation, trades at 10x earnings, recent beat. Aims to be debt free by year's end. Incredible cashflows. Low capex spend. See his Top Picks.

oil / gas

BUY

Only large cap energy stock that owns. Sees upside of small cap energy stock embedded in large cap stock. Recent acquisition of refinery at 1.5x cash flow excellent deal. Has pledged to return 100% of free cash flow to shareholders once debt reduced to zero(Q4). Getting 27.5 years of free inventory at current share price. Entire company could privatize within 3 years at current energy prices.

oil / gas

BUY

Doesn't own stock, but thinks company is undervalued relative to free cash flow. Outstanding oilsands operator. Expecting increased share price, dividends and share buybacks. Energy sector very undervalued.

oil / gas

DON'T BUY

Like every other oil company. The share price now assumes oil prices will stay high for a while, but there's no guarantee. Not for him. Lacks stable revenues. Too cyclical.

oil / gas

BUY

Good name. Nice dividend, anticipates it will grow. Good job integrating Husky. They can enjoy the fruits of their labour with higher oil prices that give them more free cashflow, higher ROC to shareholders, and faster debt repayment. Adding Asian gas component was timely.

oil / gas

COMMENT

If you believe the oil price will hold, then CVE should do well. She owns no oil stocks. Oil prices are flattening, because of fears of a recession eroding oil demand. A caveat.

oil / gas

PAST TOP PICK

(A Top Pick May 28/21, Up 207%) 23% free cash flow yield and 3.6x trading multiple. Has committed to return 100% of free cash flow yield back to shareholders, once debt paid back. Expecting 6x multiple on the company which would be a $52 share price. Management team is committed to delivering capital back to shareholders (set bar in terms of capital returns to shareholders).

oil / gas

PARTIAL SELL

Benefitting from high commodity prices. Not a lifetime hold. From here, you probably want to lighten up because things are going so well. A lot of good news is factored into the stock.

oil / gas

BUY

Company executing well, and believes stock is cheap relative to US peers. Good balance sheet and financial metrics. If oil prices stay high, will be a good long term hold. If Russian supply of oil continues to decline, will be great investment. Investors should be aware of oil price volatility.

oil / gas

BUY on WEAKNESS

If you feel the market's had a good run, and that central banks will slow down the economy to get a handle on inflation, then we'll see a global slowdown. Supply chain issues persist. Balance sheet is superb. Hold, or buy on weakness. Because of Ukraine, Canada's become an attractive place for foreign investors.

oil / gas

SELL ON STRENGTH

The oil stocks have been amazing, but are getting pricey. Hold this to $26, which is maximum valuation. He questions the earnings story of all the oil stocks which are in the end of the 8th inning--not much time left till they become fully valued.

oil / gas

SELL

He models $52, more than twice the current price. Oil stocks are getting very pricey. You can hold this to $26, full max valuation. He questions the earnings story on all oil stocks which are in the 8th inning. There's not much time left for oil stocks and approaching full valuation.

oil / gas

Showing 1 to 15 of 403 entries

Cenovus Energy(CVE-T) Rating

Ranking : 5 out of 5

Bullish - Buy Signals / Votes : 15

Neutral - Hold Signals / Votes : 4

Bearish - Sell Signals / Votes : 6

Total Signals / Votes : 25

Stockchase rating for Cenovus Energy is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Cenovus Energy(CVE-T) Frequently Asked Questions

What is Cenovus Energy stock symbol?

Cenovus Energy is a Canadian stock, trading under the symbol CVE-T on the Toronto Stock Exchange (CVE-CT). It is usually referred to as TSX:CVE or CVE-T

Is Cenovus Energy a buy or a sell?

In the last year, 25 stock analysts published opinions about CVE-T. 15 analysts recommended to BUY the stock. 6 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Cenovus Energy.

Is Cenovus Energy a good investment or a top pick?

Cenovus Energy was recommended as a Top Pick by on . Read the latest stock experts ratings for Cenovus Energy.

Why is Cenovus Energy stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Cenovus Energy worth watching?

25 stock analysts on Stockchase covered Cenovus Energy In the last year. It is a trending stock that is worth watching.

What is Cenovus Energy stock price?

On 2022-09-30, Cenovus Energy (CVE-T) stock closed at a price of $21.22.

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