Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Cenovus Energy Inc. before investing.

In this article, we go over a few key elements for understanding Cenovus Energy Inc.’s stock price such as:

• Cenovus Energy Inc.’s current stock price and volume
• Why Cenovus Energy Inc.’s stock price changed recently
• Upgrades and downgrades for CVE from analysts
• CVE’s stock price momentum as measured by its relative strength

About Cenovus Energy Inc. (CVE)

Before we jump into Cenovus Energy Inc.’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Cenovus Energy Inc., together with its subsidiaries, develops, produces, refines, transports, and markets crude oil, natural gas, and refined petroleum products in Canada, the United States, and China. It operates through Upstream and Downstream segments. The company is involved in the development and production of bitumen and heavy oil; owns and operates pipeline gathering systems and terminals; operation of assets rich in NGLs and natural gas in Alberta and British Columbia; and offshore operations, exploration, and development activities in the East Coast of Canada and the Asia Pacific region. It also engages in refining, such as owned and operated Lloydminster upgrading and asphalt refining complex; owns and operates the Bruderheim crude-by-rail terminal and two ethanol plants; fuels business; and refining of crude oil to produce gasoline, diesel, jet fuel, asphalt, and other products. Cenovus Energy Inc. was founded in 2009 and is headquartered in Calgary, Canada.

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Cenovus Energy Inc.’s Stock Price as of Market Close

As of July 31, 2026, 4:00 PM, CST, Cenovus Energy Inc.’s stock price was $30.190.

Cenovus Energy Inc. is down 0.43% from its previous closing price of $30.320.

During the last market session, Cenovus Energy Inc.’s stock traded between $29.880 and $30.770. Currently, there are approximately 1,309.86 million shares outstanding for Cenovus Energy Inc..

Cenovus Energy Inc.’s price-earnings (P/E) ratio is currently at 11.8, which is low compared to the Oil, Gas & Consumable Fuels industry median of 14.9. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Cenovus Energy Inc. Stock Price History

Cenovus Energy Inc.’s (CVE) price is currently up 21.68% so far this month.

During the month of July, Cenovus Energy Inc.’s stock price has reached a high of $30.770 and a low of $24.240.

Over the last year, Cenovus Energy Inc. has hit prices as high as $32.070 and as low as $14.480. Year to date, Cenovus Energy Inc.’s stock is up 78.43%.

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What Caused Cenovus Energy Inc. Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of July 31, 2026, there was 1 analyst who downgraded Cenovus Energy Inc.’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Cenovus Energy Inc.’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Cenovus Energy Inc.’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Cenovus Energy Inc.’s current valuation based on AAII’s Value Grade is a A, which means it is considered to be Deep Value.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Cenovus Energy Inc. (CVE) by visiting AAII Stock Evaluator.

Relative Price Strength of Cenovus Energy Inc.

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of July 31, 2026, Cenovus Energy Inc. has a weighted four-quarter relative price strength of 11.87%, which translates to a Momentum Score of 85 and is considered to be Very Strong.

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Cenovus Energy Inc. Stock Price: Bottom Line

As of July 31, 2026, Cenovus Energy Inc.’s stock price is $30.190, which is down 0.43% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Cenovus Energy Inc. stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.