CVE
Cenovus EnergyBNYSE / Energy
Last Price
At close
2026-06-02
Current thesis
Sustained commodity strength, operational outperformance at key assets, and faster debt paydown enable higher shareholder returns and multiple expansion; CVE could re-rate toward the upper end of consensus under this scenario.
Posture
Constructive
Lead driver
Momentum
What changed
6 setup hits (3d) with net bullish as of 2026-06-03.
What can break
Canadian regulatory/tax changes affecting margins
Momentum
76
Value
54
Sentiment
41
Setup hits (3d)
6 · Net Bullish
AI TargetsBase $22.63 · Bull $30.53 · Bear $16.28
Data freshness
Prices
As of 2026-06-02
Fundamentals
As of 2026-06-02 • Vendor: Data Vendor v1
Scores
As of 2026-06-02 • Model: HYBRID_IC_RP
AI Memo
As of 2026-01-30 • Model: RankAlpha Sentiment AI
Investment thesisAs of 2026-06-02
Investment thesis
As of 2026-06-02
Supporting evidence
What
Grade B · Constructive
Confidence Medium · Net Bullish
Target $23.64
Why
Momentum76 · Δ7d +0.0
Value54 · Δ7d -0.1
Sentiment41 · Δ7d +7.8
So what
Strength-led posture (Net Bullish). Favor watchlist adds and disciplined entries.
Lead driver: Momentum · See technicals
Momentum
76
34% active weight
Current posture
7d trendSoftening
Δ7d
+0.0
Δ21d
+2.9
Value
54
32% active weight
Current posture
7d trendFlat
Δ7d
-0.1
Δ21d
+0.1
Sentiment
41
33% active weight
Current posture
7d trendImproving
Δ7d
+7.8
Δ21d
+9.2
Why this grade
Composite grade B. Momentum 75.9 / Value 54.4 / Sentiment 41.3
Fundamentals (TTM)As of 2026-06-02
Fundamentals (TTM)
As of 2026-06-02
Market Cap
$55.12B
Beta
0.49
Shares Out
1.88B
P/E (TTM)
13.3
P/S (TTM)
0.85
P/FCF (TTM)
30.39
Rev YoY
-4.5%
EPS YoY
+64.6%
Gross Margin
+33.2%
Op Margin
+8.3%
Net Debt
$5.51B
Current Ratio
1.73
As of 2026-06-02 • Updated nightlySource: Internal modelMethodology