CVE.TO at C$22.89 on 12 Jan 2026 TSX: heavy 24.65M volume hints momentum
CVE.TO stock is among the TSX’s most active names on 12 Jan 2026, trading at C$22.89 intraday with 24,646,500 shares changing hands. The stock is up 0.84% on the session after opening at C$23.50, swinging between C$21.77 and C$23.50. Heavy volume and a 50-day average of C$24.20 point to short-term trader interest while the 200-day average of C$21.27 supports the longer-term technical base. We examine valuation, catalysts, and model forecasts for Cenovus Energy Inc. (CVE.TO) on the TSX
CVE.TO stock intraday movers and volume drivers
Cenovus Energy Inc. (CVE.TO) leads today’s most active list on the TSX with 24,646,500 shares traded, roughly 2.18x its average volume of 11,299,739. High turnover reflects both retail and institutional flows reacting to oil-price moves and refiners’ margins. The intraday range is C$21.77–C$23.50, and the stock sits 13.57% YTD according to recent price change data.
Valuation and key financials for CVE.TO stock
Cenovus trades at C$22.89 with a trailing PE of 13.18 and EPS of C$1.73, below the Energy sector average PE of 20.07. Market cap is C$41.32B and shares outstanding are 1,811,565,737. Dividend yield is about 3.43% with a payout ratio near 44.72%, supporting income-focused allocations while keeping capital for upstream spending.
Technical snapshot and trading signals
Momentum readings are neutral to slightly bearish: RSI 43.18 and MACD histogram near -0.05. Price sits below the 50-day average (C$24.20) but above the 200-day average (C$21.27), suggesting a mixed short-term bias with longer-term support. Bollinger bands show a middle at C$23.38 and lower at C$21.79, framing intraday risk levels.
Meyka AI rates CVE.TO with a score out of 100 and forecast
Meyka AI rates CVE.TO with a score out of 100: 78.65 / B+ — BUY. This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. Meyka AI’s forecast model projects a quarterly target of C$30.51, a monthly model price of C$22.54, and a yearly projection of C$18.98. Versus the current C$22.89, the quarterly projection implies +33.30% upside, the monthly implies -1.53%, and the yearly implies -17.09%. Forecasts are model-based projections and not guarantees.
Analyst targets, catalysts and news links
Near-term analyst interest is visible: MarketBeat shows a consensus target of C$27.00 for CVE, implying +17.96% from today’s price source. MarketWatch provides real-time quotes and news flow that help explain intraday swings source. Key catalysts include the company’s earnings release on 12 Feb 2026, Canadian and U.S. refining margins, and WTI crude moves.
Risks, sector context and investor takeaways
Cenovus operates in the Energy sector where the 1-day sector move is +1.50% and 1-year performance is +11.06%. Key risks for CVE.TO stock are commodity-price volatility, capital intensity of oil sands operations, and regulatory shifts. Balance-sheet metrics show debt-to-equity 0.35 and interest coverage 13.87, which moderates leverage concerns but does not remove commodity risk.
Final Thoughts
CVE.TO stock trades at C$22.89 on 12 Jan 2026 with unusually high intraday volume of 24,646,500, marking it one of the TSX most active names. Valuation measures include a PE of 13.18, EPS C$1.73, and dividend yield 3.43%, which position Cenovus as a value-oriented energy play versus the sector PE of 20.07. Meyka AI’s grade (B+, 78.65/100) and model forecasts show mixed horizons: a quarterly projection of C$30.51 (+33.30%) versus a yearly projection of C$18.98 (-17.09%). Traders should watch refining margins, the upcoming 12 Feb 2026 earnings release, and WTI moves for near-term direction. For active intraday traders the present high volume and the gap between 50-day and 200-day averages create both quick-trade and swing opportunities. Visit our Meyka stock page for real-time signals and remember forecasts are model projections and not guarantees.
FAQs
What is the current price and volume for CVE.TO stock?
On 12 Jan 2026 CVE.TO trades at C$22.89 with 24,646,500 shares traded intraday, compared with an average volume of 11,299,739 shares. These figures drive its most active status on the TSX today.
How does Cenovus (CVE.TO) compare on valuation?
Cenovus shows a trailing PE of 13.18 and a market cap of C$41.32B, below the Energy sector average PE of 20.07, indicating relative valuation support for value investors.
What is Meyka AI’s grade and forecast for CVE.TO stock?
Meyka AI rates CVE.TO 78.65 / B+ (BUY). The model projects a quarterly target of C$30.51 (+33.30% vs C$22.89). Forecasts are model-based projections and not guarantees.
What catalysts should traders watch for CVE.TO?
Watch the 12 Feb 2026 earnings release, WTI crude price moves, and North American refining margins. These drivers tend to move Cenovus shares intraday and across multi-week timeframes.
Disclaimer:
Stock markets involve risks. This content is for informational purposes only. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.
