5 Cheap Oil Stocks Under $10

2. Cenovus Energy Inc. (NYSE: CVE)

Stock Price: $7.85 via Yahoo Finance

Cenovus Energy Inc. is a oil and natural gas company that is based in Canada. The company operates in oil sands projects in Northern Alberta and oil production in Alberta and British Columbia. It owns two leading oil producing projects in Christina Lake and Foster Creek. In the US, the company holds interests in two American refineries, Wood River and Borger located in Illinois and Texas, respectively. The company has a market cap of $16.032 billion as of 2020. Since the beginning of the year, Cenovus Energy delivered a 21% return, impressively extending its 12-month gains to 152%. As of April 20, 2021, the stock closed at $7.85 per share. By the end of the fourth quarter of 2020, Cenovus Energy Inc. was in 23 hedge fund portfolios, compared to 18 funds in the third quarter. The revenue per share of the company is 10.76. The current quarter estimates for the company have moved from a loss of 3 cents per share to a profit of 15 cents per share, while current year estimates have moved from a loss of 5 cents per share to a profit of 63 cents per share.