Cenovus Energy vs Devon Energy
This page compares Cenovus Energy and Devon Energy, examining their business models, financial performance, and market context in clear, neutral language. Explore how each company operates, the strategies they pursue, and the environment in which they compete. Educational content, not financial advice.
This page compares Cenovus Energy and Devon Energy, examining their business models, financial performance, and market context in clear, neutral language. Explore how each company operates, the strate...
Why It's Moving
CVE Stock Warning: Why Analysts See -4% Downside Risk
- Nine research reports in the past 90 days underscore analyst caution, pointing to downside risks tied to softening oil prices and sector headwinds.
- Upcoming earnings on February 19 loom large, with prior quarters showing EPS beats overshadowed by revenue declines signaling demand fluctuations.
- Recent 2.95% daily gain to $21.96 masks broader energy sector trends, where lower commodity prices erode margins for heavy oil producers like CVE.
Devon Energy Strikes $58B Shale Merger with Coterra, Sparking Investor Buzz on Scale and Synergies
- Combined entity eyes 550,000 barrels of oil and 4.3 Bcf of gas daily in Q3, bolstering output in top-tier basins like the Delaware.
- CEO Clay Gaspar highlighted a diverse, high-quality asset base set to unlock higher free cash flow and shareholder returns unattainable solo.
- Retail sentiment surges bullish on Stocktwits with high volumes, as DVN shares sport 10% YTD gains amid the merger momentum.
CVE Stock Warning: Why Analysts See -4% Downside Risk
- Nine research reports in the past 90 days underscore analyst caution, pointing to downside risks tied to softening oil prices and sector headwinds.
- Upcoming earnings on February 19 loom large, with prior quarters showing EPS beats overshadowed by revenue declines signaling demand fluctuations.
- Recent 2.95% daily gain to $21.96 masks broader energy sector trends, where lower commodity prices erode margins for heavy oil producers like CVE.
Devon Energy Strikes $58B Shale Merger with Coterra, Sparking Investor Buzz on Scale and Synergies
- Combined entity eyes 550,000 barrels of oil and 4.3 Bcf of gas daily in Q3, bolstering output in top-tier basins like the Delaware.
- CEO Clay Gaspar highlighted a diverse, high-quality asset base set to unlock higher free cash flow and shareholder returns unattainable solo.
- Retail sentiment surges bullish on Stocktwits with high volumes, as DVN shares sport 10% YTD gains amid the merger momentum.
Investment Analysis
Pros
- Cenovus Energy reported strong quarterly revenue growth, with total revenues rising to $13.2 billion in Q3 2025.
- The company maintains a solid market capitalisation and has recently renewed its share buyback program, supporting shareholder value.
- Cenovus offers an attractive dividend yield of around 3.2%, appealing to income-focused investors.
Considerations
- Cenovus has a relatively high debt-to-equity ratio, which could pose financial risk during periods of market downturn.
- Analysts have issued mixed price targets, with some forecasts below the current share price, indicating potential volatility.
- The company operates in a highly competitive and cyclical energy sector, exposing it to commodity price fluctuations.
Devon Energy
DVN
Pros
- Devon Energy delivered robust Q3 2025 earnings, with EPS exceeding forecasts and revenue reaching $4.33 billion.
- The company maintains strong free cash flow, remaining profitable even at lower oil prices, supporting financial resilience.
- Devon has reduced capital expenditure through efficiency gains, preserving operational flexibility and cost control.
Considerations
- Devon's PEG ratio is negative, suggesting potential concerns about future earnings growth relative to its valuation.
- The company's stock performance is closely tied to volatile oil and gas prices, increasing exposure to commodity cycles.
- Analyst price targets for Devon show a wide range, reflecting uncertainty about its future profitability and market position.
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Cenovus Energy (CVE) Next Earnings Date
Cenovus Energy's next earnings date is Thursday, February 19, 2026, covering Q4 and full-year 2025 results, with a conference call at 9 a.m. MT (11 a.m. ET). This date is confirmed by the company's official announcement, aligning with historical patterns of mid-February reporting for year-end figures. Investors should note results will be available on cenovus.com prior to the call.
Devon Energy (DVN) Next Earnings Date
Devon Energy will release its fourth-quarter 2025 earnings report on February 17, 2026 after market close. The earnings announcement will cover the company's financial performance for the final quarter of 2025. Analysts currently expect the company to report earnings per share of approximately $0.81 to $0.82 for this quarter. This represents a significant decline from prior year results, with consensus estimates reflecting year-over-year earnings pressure in the energy sector.
Cenovus Energy (CVE) Next Earnings Date
Cenovus Energy's next earnings date is Thursday, February 19, 2026, covering Q4 and full-year 2025 results, with a conference call at 9 a.m. MT (11 a.m. ET). This date is confirmed by the company's official announcement, aligning with historical patterns of mid-February reporting for year-end figures. Investors should note results will be available on cenovus.com prior to the call.
Devon Energy (DVN) Next Earnings Date
Devon Energy will release its fourth-quarter 2025 earnings report on February 17, 2026 after market close. The earnings announcement will cover the company's financial performance for the final quarter of 2025. Analysts currently expect the company to report earnings per share of approximately $0.81 to $0.82 for this quarter. This represents a significant decline from prior year results, with consensus estimates reflecting year-over-year earnings pressure in the energy sector.
Which Baskets Do They Appear In?
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Explore BasketWhich Baskets Do They Appear In?
Inflation Resilience Portfolio Explained
The Fed's key inflation gauge remains stubbornly high, signaling that elevated price levels may persist for longer than expected. This creates an investment opportunity in companies that can thrive in an inflationary environment, such as those with the ability to raise prices or benefit from higher interest rates.
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Explore BasketOil Price Shift Overview: OPEC+ Production Strategy
OPEC+'s decision to increase oil production is set to lower global prices, pressuring U.S. shale producers while defending its own market share. This scenario creates a potential investment opportunity in fuel-dependent sectors like transportation and manufacturing that stand to gain from reduced energy costs.
Published: September 9, 2025
Explore BasketCanada Domestic Champions Explained | Trade War Shield
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Published: August 30, 2025
Explore BasketNorth American Trade Normalization
Canada has lifted retaliatory tariffs on a wide range of U.S. products, a significant step toward normalizing trade relations. This creates a favorable investment landscape for American companies in sectors like apparel and consumer goods that export to Canada.
Published: August 24, 2025
Explore BasketIndigenous Equity In Canadian Energy
Cenovus Energy is pursuing a joint acquisition of MEG Energy in partnership with a coalition of Canadian Indigenous groups. This potential deal signals a new era of Indigenous co-ownership in the energy sector, creating opportunities for companies that support these evolving large-scale projects.
Published: August 13, 2025
Explore BasketCanada's New Energy Alliance
Cenovus Energy is partnering with Canadian Indigenous groups to acquire a stake in MEG Energy, signaling a new collaborative approach to resource development. This could create opportunities for companies integral to the Canadian oil sands infrastructure and operations.
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Explore BasketBuy CVE or DVN in Nemo
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