What pushed CVE.TO stock higher today?

CVE.TO stock moved higher after a Q4 EPS beat (C$0.36 vs C$0.28), stronger cash flow and a quarterly dividend of C$0.20, which together supported intraday buying interest.

How does CVE.TO stock look on valuation?

CVE.TO stock trades at a P/FCF near C$17.02 and PB about C$1.78 with a debt/equity of 0.54, indicating moderate valuation relative to cash flow and sector peers.

What is Meyka AI's short-term forecast for CVE.TO stock?

Meyka AI's forecast model projects a quarterly figure of C$29.94, which implies about a -5.51% move from the current C$31.68; forecasts are model‑based and not guarantees.

Which technical levels matter for CVE.TO stock today?

Watch resistance near C$31.82 (Bollinger upper) and support near C$28.48 (BB middle). RSI at 67.45 suggests momentum but limited near‑term overbought risk.

CA Stocks

CVE.TO stock climbs to C$31.68 on TSX 24 Feb 2026: dividend and cash flow focus

ByDanny Kontos February 24, 2026February 24, 2026

CVE.TO stock rose 2.59% intraday to C$31.68 on the TSX on 24 Feb 2026, led by a recent Q4 earnings beat and strong cash flow metrics. Investors are trading the name actively today with 8,125,049 shares changing hands versus a 30‑day average of 10,548,945. The move reflects a mix of beat-driven sentiment, a declared quarterly dividend, and continued upstream production strength across Cenovus Energy Inc.’s (CVE.TO) Canadian and U.S. assets. We examine valuation, technicals, analyst positioning and near-term catalysts for traders watching the most active names on the TSX in Canada.