Cenovus Energy (CVE) Gains As Market Dips: What You Should Know

Cenovus Energy (CVE) closed at $33.92, up 1.95%, outperforming the S&P 500. The oil company is expected to report earnings of $1.07 per share with 105.77% year-over-year growth and revenue of $11.62 billion. The stock carries a Zacks Rank #3 (Hold) with a Forward P/E of 9.33, trading at a discount to its industry average.