How to Buy Cenovus Energy Stock
Cenovus Energy Inc
Cenovus Energy is a oil & gas integrated company located in Alberta, Canada, which is part of the Energy sector, and is traded under the ticker CVE on the NYSE exchange.
Cenovus Energy stock last closed at $12.16, up 2.27% from the previous day, and has decreased 42.37% in one year. It has underperformed other stocks in the Oil & Gas Integrated industry by 0.34 percentage points. Cenovus Energy stock is currently +18.87% from its 52-week low of $10.23, and -43.65% from its 52-week high of $21.58.
There are currently 1.82B shares of CVE outstanding. The market cap of CVE is $22.19B. In the last 24 hours, 7.25M CVE shares were traded.
How to Buy Cenovus Energy Stock
Wondering how to invest in Cenovus Energy stock? Here's how.
- Choose where to buy Cenovus Energy stock: You need to pick a stock brokerage, but don't worry - we've sifted through dozens of online stock brokerages and apps to help you determine where to buy Cenovus Energy stock.
- Sign up for your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Put funds into your investment account: Select your method of payment and add your information.
- Evaluate Cenovus Energy stock: The Cenovus Energy ticker symbol is CVE. Is Cenovus Energy stock a good investment? Should you buy shares of CVE? How do CVE's underlying business fundamentals look? Do top analysts think Cenovus Energy is a good buy? Why has CVE's stock price moved recently? (Hint: Our stock market research website can help you decide if CVE is a good stock to buy).
- Place your CVE purchase: Decide if you will purchase CVE shares at the current market price or use a limit order to purchase CVE shares at a given price.
- Keep tabs on your CVE position: Create a watchlist to monitor your new investment in Cenovus Energy shares.
Step 1: Choose where to buy Cenovus Energy stock
You need an online brokerage account in order to access the NYSE market and buy CVE shares.
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Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've selected the best brokerage, you need to fill out some personal information so you are able to buy CVE today.
How to Create a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal info to start your new brokerage account.
- Send your information by pressing the "Create Account" button. Get started with eToro today
Step 3: Put funds into your investment account
Now that you have created your account on the best stock broker app, your next step is to transfer the money for your investment:
Watch the video below to see the process of depositing money into your new brokerage account.
Step 4: Evaluate Cenovus Energy stock
After you have figured out the best place to buy Cenovus Energy stock, it's critical to analyze their stock prior to investing, so you actually wrap your head around the risk as well as the opportunity.
Cenovus Energy Numbers
Cenovus Energy Due Diligence Checks
WallStreetZen was designed to help average investors do better fundamental analysis.
You can view all of the due diligence checks on CVE's stock page.
How is CVE stock valued?
You can use a variety of different financial metrics, analyses, models, and charts to gauge CVE's fair value.
Using relative valuations ratios:
- CVE could be undervalued based on its P/E ratio of 10.28x, relative to Oil & Gas Integrated industry P/E ratio of 19.07x
- CVE could be undervalued based on its P/B ratio of 1.06x, relative to Oil & Gas Integrated industry P/B ratio of 1.41x
- CVE may be undervalued based on its PEG ratio of 0.42x
You can access more valuation research on CVE's stock here.
CVE Financial Health
Passed Health Checks:
- CVE earnings of $3.23B is not sufficient to cover its interest payments.
- CVE's operating cash flow of $6.50B allows it to safely service it's debt of $7.49B.
- There are more short-term assets than short-term liabilities on the CVE balance sheet.
Failed Health Checks:
- CVE has a relatively high debt to equity ratio of 0.9.
- Total CVE debt is higher than 5 years ago, relative to shareholder equity.
- CVE profit margin has gone down from 7.9% to 5.8% in the past year.
- There are more long-term liabilities than short-term assets on the CVE balance sheet.
Is CVE stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 2 sell side analysts who give ratings on CVE, the consensus analyst rating on CVE is a Buy
It's important to keep in mind that analyst ratings are not recommendations, nor are they investment advice.
You can dig deeper into what analysts are forecasting on the Cenovus Energy stock forecast page.
CVE Technical Indicators
CVE Growth Metrics
Last year, CVE earnings were $2.21B. In the past 5 year, CVE's earnings have grown by -3% per year. This was slower than the Oil & Gas Integrated industry average of 22.43%.
Last year, CVE revenue was $38.22B. In the past 5 year, CVE's revenue has grown by 19.17% per year. This was faster than the Oil & Gas Integrated industry average of 4.47%.
You can research CVE's earnings and revenue performance here.
Are CVE executives and large shareholders buying or selling the stock?
In the last 12 months, executives and large shareholders at CVE have not bought or sold any shares.
Learn more about who owns CVE shares here.
Does CVE stock generate passive income?
Cenovus Energy pays a dividend of 6.54%, compared to the Oil & Gas Integrated industry's average dividend yield of 5.3%. If you owned $1,000 worth of CVE stock, you would have been paid $65.38 last year.
Cenovus Energy dividend payments have not consistently grown over the past decade and have not remained stable.
Dig into more data about Cenovus Energy dividend yield and history here.
CVE Social Trading Data
One of the primary reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to see what other community members have to say.
Step 5: Place your CVE purchase
You have two main types of orders:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are generally fine for most investors. - Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
If you want to ensure you're buying or selling at a given price limit, place a limit order.
Press the Open button and your broker will execute the order.
If you want more help buying stocks on eToro, watch the helpful video below:
Step 6: Keep tabs on your CVE position
Now that you own some shares in CVE, you'll want to stay up-to-date on your new stock purchase.
Add CVE to a watchlist to get the latest updates about your CVE stock.
CVE Feed
How to Buy Stock in Cenovus Energy
To reiterate, here are the 6 steps you need to take to buy Cenovus Energy stock right now:
- Choose where to buy Cenovus Energy stock
- Sign up for your brokerage account
- Put funds into your investment account
- Evaluate Cenovus Energy stock
- Place your CVE purchase
- Keep tabs on your CVE position
If you need a place to buy stocks, eToro is our recommended option.
Get Started with eToro TodayIf you want to track your investment in Cenovus Energy, create a watchlist today.
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