NYSE:CVE - Cenovus Energy Stock Price Target and Predictions

  • Consensus Rating: Buy
  • Consensus Price Target: $9.71
  • Forecasted Upside: 21.85 %
  • Number of Analysts: 17
  • Breakdown:
  • 0 Sell Ratings
  • 5 Hold Ratings
  • 12 Buy Ratings
  • 0 Strong Buy Ratings
$7.97
▼ -0.12 (-1.48%)
1 month | 3 months | 12 months
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Analyst Price Target for CVE

i We calculate consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). Our consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. Our consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
$9.71
▲ +21.85% Upside Potential
This price target is based on 17 analysts offering 12 month price targets for Cenovus Energy in the last 3 months. The average price target is $9.71, with a high forecast of $16.00 and a low forecast of $6.00. The average price target represents a 21.85% upside from the last price of $7.97.
Buy
The current consensus among 17 investment analysts is to buy stock in Cenovus Energy. This Buy consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

  • 0 strong buy ratings
  • 10 buy ratings
  • 5 hold ratings
  • 0 sell ratings
10/25/2019
  • 0 strong buy ratings
  • 7 buy ratings
  • 3 hold ratings
  • 0 sell ratings
1/23/2020
  • 0 strong buy ratings
  • 11 buy ratings
  • 3 hold ratings
  • 0 sell ratings
4/22/2020
  • 0 strong buy ratings
  • 11 buy ratings
  • 3 hold ratings
  • 0 sell ratings
7/21/2020
  • 0 strong buy ratings
  • 8 buy ratings
  • 5 hold ratings
  • 0 sell ratings
10/19/2020
  • 0 strong buy ratings
  • 11 buy ratings
  • 5 hold ratings
  • 0 sell ratings
1/17/2021
  • 0 strong buy ratings
  • 11 buy ratings
  • 5 hold ratings
  • 0 sell ratings
3/18/2021
  • 0 strong buy ratings
  • 12 buy ratings
  • 5 hold ratings
  • 0 sell ratings
4/17/2021

Latest Recommendations

  • 0 strong buy ratings
  • 12 buy ratings
  • 5 hold ratings
  • 0 sell ratings

DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
4/15/2021National Bank FinancialReiterated RatingOutperformMedium
i
4/15/2021Tudor PickeringReiterated RatingBuy$12.00Low
i
4/15/2021ScotiabankUpgradeSector Perform ➝ OutperformLow
i
4/2/2021BarclaysReiterated RatingHold$11.00N/A
i
3/26/2021DesjardinsUpgradeHold ➝ Buy$8.00 ➝ $14.00Low
i
3/16/2021Raymond JamesUpgradeMarket Perform ➝ OutperformMedium
i
3/10/2021CIBCBoost Price TargetOutperform$11.00 ➝ $16.00Medium
i
3/8/2021JPMorgan Chase & Co.UpgradeUnderweight ➝ NeutralHigh
i
1/29/2021TD SecuritiesLower Price TargetBuy$10.50 ➝ $10.00Medium
i
1/14/2021CIBCInitiated CoverageOutperformer$11.00High
i
1/14/2021ScotiabankBoost Price TargetSector Perform$7.00 ➝ $9.25Low
i
1/13/2021The Goldman Sachs GroupInitiated CoverageBuyHigh
i
1/11/2021BarclaysDowngradeOverweight ➝ Equal Weight$9.00Low
i
1/7/2021TD SecuritiesBoost Price TargetBuy$7.00 ➝ $10.50Medium
i
1/6/2021National Bank FinancialBoost Price TargetOutperformN/A
i
12/11/2020Morgan StanleyUpgradeUnderweight ➝ Equal Weight$6.00 ➝ $9.00Low
i
11/18/2020Royal Bank of CanadaBoost Price TargetOutperform$7.00 ➝ $8.50High
i
11/11/2020Tudor PickeringReiterated RatingHold$5.50Low
i
10/30/2020BMO Capital MarketsLower Price TargetOutperform$7.50 ➝ $6.00Low
i
10/27/2020Stifel NicolausUpgradeHold ➝ BuyHigh
i
10/26/2020Stifel FirstegyUpgradeHold ➝ BuyHigh
i
Rating by M. Dunn at Stifel Firstegy
10/26/2020National Bank FinancialBoost Price TargetOutperform$8.00 ➝ $10.00High
i
10/26/2020Raymond JamesBoost Price TargetMarket Perform$6.00 ➝ $7.50High
i
10/26/2020Credit Suisse GroupDowngradeOutperform ➝ Neutral$8.00 ➝ $7.00High
i
10/20/2020Morgan StanleyLower Price TargetUnderweight$8.00 ➝ $6.00Medium
i
10/1/2020JPMorgan Chase & Co.DowngradeNeutral ➝ UnderweightHigh
i
9/2/2020BarclaysInitiated CoverageOverweight$8.00Low
i
7/29/2020Credit Suisse GroupReiterated RatingBuy$8.00Low
i
6/29/2020UBS GroupBoost Price TargetNeutral$2.70 ➝ $6.00Low
i
6/11/2020ScotiabankDowngradeOutperform ➝ Sector Perform$6.50Medium
i
4/29/2020Tudor PickeringReiterated RatingHoldHigh
i
Rating by Matt Murphy, CFA at Tudor Pickering
4/14/2020Tudor PickeringReiterated RatingHoldMedium
i
Rating by Matt Murphy, CFA at Tudor Pickering
4/2/2020Tudor PickeringReiterated RatingHoldMedium
i
3/31/2020UBS GroupLower Price TargetNeutral$13.00 ➝ $2.70High
i
3/25/2020Tudor PickeringDowngradeBuy ➝ HoldHigh
i
3/19/2020Stifel FirstegyDowngradeBuy ➝ HoldHigh
i
Rating by M. Dunn at Stifel Firstegy
3/13/2020TD SecuritiesLower Price TargetBuy$16.50 ➝ $6.00High
i
3/12/2020Stifel NicolausDowngradeBuy ➝ HoldHigh
i
3/11/2020JPMorgan Chase & Co.Lower Price TargetNeutral$12.00 ➝ $5.50High
i
3/4/2020JPMorgan Chase & Co.DowngradeOverweight ➝ Neutral$15.00 ➝ $12.00Low
i
2/13/2020TD SecuritiesReiterated RatingBuy$16.50Low
i
12/11/2019Royal Bank of CanadaReiterated RatingBuyLow
i
Rating by Gregory Pardy at Royal Bank of Canada
11/2/2019Raymond JamesSet Price TargetHold$13.00Medium
i
10/31/2019AltaCorp CapitalUpgradeSector Perform ➝ OutperformMedium
i
Rating by N. Lupick at AltaCorp Capital
10/22/2019Morgan StanleyDowngradeEqual ➝ Equal WeightLow
i
10/18/2019Royal Bank of CanadaLower Price TargetBuy$17.00 ➝ $15.00Medium
i
10/15/2019CIBCSet Price TargetBuy$16.00Low
i
Rating by Jon Morrison at CIBC
10/7/2019CitigroupUpgradeNeutral ➝ BuyLow
i
10/7/2019AltaCorp CapitalUpgradeSector Perform ➝ OutperformLow
i
Rating by N. Lupick at AltaCorp Capital
10/3/2019UBS GroupBoost Price TargetNeutral$12.50 ➝ $13.00Low
i
9/27/2019CIBCSet Price TargetBuy$16.50High
i
Rating by Jon Morrison at CIBC
9/26/2019The Goldman Sachs GroupUpgradeNeutral ➝ Buy$12.00Low
i
7/18/2019CIBCUpgradeNeutral ➝ OutperformMedium
i
4/25/2019GMP SecuritiesReiterated RatingBuy$17.50Medium
i
4/16/2019The Goldman Sachs GroupUpgradeSell ➝ Neutral$11.00Low
i
1/31/2019CIBCDowngradeSector Outperform ➝ NeutralMedium
i
Rating by Jon Morrison at CIBC
1/29/2019Morgan StanleyReiterated RatingHoldMedium
i
Rating by Benny Wong at Morgan Stanley
1/28/2019Credit Suisse GroupInitiated CoverageOutperform ➝ Outperform$15.00Low
i
1/7/2019AltaCorp CapitalDowngradeOutperform ➝ Sector PerformMedium
i
Rating by N. Lupick at AltaCorp Capital
1/7/2019BMO Capital MarketsReiterated RatingAverage$13.50Low
i
1/7/2019Royal Bank of CanadaReiterated RatingBuy$13.00Low
i
12/11/2018Raymond JamesDowngradeHoldHigh
i
Rating by Chris Cox at Raymond James
12/11/2018JPMorgan Chase & Co.Reiterated RatingBuyLow
i
12/10/2018Tudor PickeringUpgradeHold ➝ BuyLow
i
11/22/2018CIBCReiterated RatingBuyHigh
i
Rating by Jon Morrison at CIBC
11/20/2018Canaccord GenuitySet Price TargetHold$13.00Medium
i
Rating by Dennis Fong at Canaccord Genuity
11/20/2018Morgan StanleyLower Price TargetEqual Weight ➝ Equal Weight$17.00 ➝ $15.00Low
i
11/1/2018Raymond JamesReiterated RatingHoldLow
i
Rating by Chris Cox at Raymond James
10/30/2018ScotiabankUpgradeSector Perform ➝ BuyLow
i
Rating by Jason Bouvier at Scotiabank
10/22/2018TD SecuritiesUpgradeHold ➝ BuyMedium
i
10/16/2018Canaccord GenuityReiterated RatingHoldLow
i
10/5/2018CIBCInitiated CoverageSector Outperform ➝ Sector OutperformMedium
i
9/10/2018JPMorgan Chase & Co.UpgradeNeutral ➝ OverweightLow
i
9/7/2018The Goldman Sachs GroupDowngradeNeutral ➝ SellLow
i
8/16/2018Canaccord GenuityDowngradeBuy ➝ HoldHigh
i
8/14/2018Tudor PickeringDowngradeBuy ➝ HoldHigh
i
8/1/2018MacquarieUpgradeUnderperform ➝ NeutralLow
i
5/31/2018National Bank FinancialUpgradeSector Perform Overweight ➝ Outperform OverweightLow
i
Rating by T. Wood at National Bank Financial
5/23/2018Morgan StanleyBoost Price TargetEqual Weight ➝ Equal Weight$13.00 ➝ $17.00Low
i
5/17/2018BMO Capital MarketsUpgradeMarket Perform ➝ Outperform$15.00 ➝ $17.00High
i
4/24/2018Raymond JamesUpgradeUnderperform ➝ Market PerformLow
i
4/16/2018Morgan StanleyLower Price TargetEqual Weight ➝ Equal Weight$15.00 ➝ $13.00Low
i
4/5/2018Bank of AmericaInitiated CoverageNeutral ➝ Neutral$9.00High
i
3/28/2018Tudor PickeringUpgradeHold ➝ BuyLow
i
3/7/2018UBS GroupInitiated CoverageNeutralHigh
i
2/16/2018AltaCorp CapitalUpgradeSector Perform ➝ OutperformN/A
i
Rating by N. Lupick at AltaCorp Capital
1/12/2018DesjardinsReiterated RatingBuy ➝ HoldLow
i
11/15/2017ScotiabankDowngradeOutperform ➝ Sector PerformN/A
i
11/9/2017AltaCorp CapitalDowngradeOutperform ➝ Sector PerformN/A
i
Rating by N. Lupick at AltaCorp Capital
10/30/2017Canaccord GenuityReiterated RatingBuy$15.50N/A
i
Rating by Dennis Fong at Canaccord Genuity
10/19/2017Canaccord GenuityReiterated RatingBuy$15.50N/A
i
Rating by Dennis Fong at Canaccord Genuity
10/16/2017Royal Bank of CanadaReiterated RatingBuy$15.00N/A
i
10/13/2017Morgan StanleySet Price TargetBuy$11.00 ➝ $15.00N/A
i
9/25/2017Canaccord GenuityReiterated RatingBuy$14.50Low
i
Rating by Dennis Fong at Canaccord Genuity
9/5/2017Canaccord GenuityReiterated RatingBuy$14.00Low
i
Rating by Dennis Fong at Canaccord Genuity
7/19/2017Morgan StanleyDowngradeOverweight ➝ Equal WeightHigh
i
7/12/2017BarclaysReiterated RatingOverweight$15.00 ➝ $22.00Low
i
7/5/2017Raymond JamesDowngradeMarket Perform ➝ UnderperformLow
i
7/5/2017UBS GroupDowngradeMarket Perform ➝ UnderperformN/A
i
6/27/2017National Bank FinancialInitiated CoverageSector PerformMedium
i
6/22/2017The Goldman Sachs GroupReiterated RatingNeutral ➝ Neutral$8.00Low
i
6/21/2017Canaccord GenuityUpgradeHold ➝ BuyHigh
i
6/21/2017MacquarieDowngradeNeutral ➝ UnderperformHigh
i
Rating by Brian Bagnell at Macquarie
5/26/2017Credit Suisse GroupReiterated RatingOutperform ➝ OutperformHigh
i
4/26/2017Canaccord GenuityReiterated RatingHold$16.50High
i
3/30/2017MacquarieUpgradeUnderperform ➝ NeutralHigh
i
3/24/2017TD SecuritiesUpgradeHold ➝ BuyLow
i
3/8/2017The Goldman Sachs GroupLower Price TargetSell$13.00 ➝ $12.00High
i
2/16/2017Societe GeneraleUpgradeHold ➝ BuyN/A
i
1/24/2017MacquarieDowngradeNeutral ➝ UnderperformN/A
i
1/23/2017The Goldman Sachs GroupDowngradeBuy ➝ Sell$13.00N/A
i
12/13/2016Edward JonesDowngradeBuy ➝ HoldN/A
i
12/10/2016TD SecuritiesReiterated RatingHold$21.00N/A
i
12/10/2016ScotiabankReiterated RatingOutperform$21.00N/A
i
12/10/2016Royal Bank of CanadaReiterated RatingOutperform$24.00 ➝ $25.00N/A
i
11/28/2016The Goldman Sachs GroupDowngradeConviction-Buy ➝ BuyN/A
i
10/29/2016TD SecuritiesReiterated RatingHold$21.00N/A
i
10/29/2016ScotiabankReiterated RatingOutperform$20.00 ➝ $21.00N/A
i
10/26/2016Royal Bank of CanadaReiterated RatingOutperform$23.00N/A
i
10/10/2016BarclaysReiterated RatingOverweight$24.00N/A
i
9/26/2016Nomura SecuritiesReiterated RatingHoldN/A
i
8/19/2016Bank of AmericaInitiated CoverageNeutral$17.00N/A
i
8/10/2016TD SecuritiesDowngradeBuy ➝ Hold$21.00N/A
i
7/31/2016TD SecuritiesReiterated RatingBuy$21.00N/A
i
7/31/2016ScotiabankReiterated RatingOutperform$20.00N/A
i
7/29/2016Credit Suisse GroupReiterated RatingBuy$22.00N/A
i
Rating by Jason Frew at Credit Suisse Group AG
7/29/2016JPMorgan Chase & Co.Boost Price TargetNeutral$19.00 ➝ $20.00N/A
i
7/13/2016BarclaysUpgradeUnderweight ➝ Overweight$20.00 ➝ $24.00N/A
i
7/10/2016Credit Suisse GroupReiterated RatingBuyN/A
i
Rating by Jason Frew at Credit Suisse Group AG
6/21/2016Royal Bank of CanadaReiterated RatingOutperform$23.00N/A
i
6/13/2016Morgan StanleyUpgradeEqual Weight ➝ OverweightN/A
i
6/8/2016The Goldman Sachs GroupReiterated RatingConviction-BuyN/A
i
Rating by Neil Mehta at The Goldman Sachs Group, Inc.
5/1/2016UBS GroupReiterated RatingNeutral$18.00 ➝ $19.00N/A
i
5/1/2016TD SecuritiesReiterated RatingBuy$21.00 ➝ $22.00N/A
i
5/1/2016National Bank FinancialReiterated RatingOutperform$19.00 ➝ $22.00N/A
i
5/1/2016BarclaysReiterated RatingUnderweight$19.00 ➝ $20.00N/A
i
4/28/2016Royal Bank of CanadaBoost Price TargetOutperform$22.00 ➝ $23.00N/A
i
4/27/2016The Goldman Sachs GroupReiterated RatingBuyN/A
i
Rating by Neil Mehta at The Goldman Sachs Group, Inc.
(Data available from 4/17/2016 forward)
Cenovus Energy logo
Cenovus Energy Inc., together with its subsidiaries, develops, produces, and markets crude oil, natural gas liquids, and natural gas in Canada, the United States and the Asia Pacific region. The company operates through Oil Sands, Conventional, and Refining and Marketing segments. The Oil Sands segment develops and produces bitumen in northeast Alberta. Its bitumen assets include Foster Creek, Christina Lake, and Narrows Lake, as well as other projects in the early stages of development. The Conventional segment holds assets primarily located in Elmworth-Wapiti, Kaybob-Edson, and Clearwater operating areas of British Columbia and Alberta, as well as various interests in natural gas processing facilities. The Refining and Marketing segment transports and sells crude oil, natural gas, and NGLs. This segment owns a 50% ownership in Wood River and Borger refineries located in the United States; and owns and operates a crude-by-rail terminal in Alberta. Cenovus Energy Inc. was founded in 2009 and is headquartered in Calgary, Canada.
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Today's Range

Now: $7.97
$7.92
$8.15

50 Day Range

MA: $7.86
$7.41
$8.48

52 Week Range

Now: $7.97
$2.48
$8.57

Volume

5,824,820 shs

Average Volume

10,169,861 shs

Market Capitalization

$16.08 billion

P/E Ratio

N/A

Dividend Yield

N/A

Beta

3.12

Frequently Asked Questions

What sell-side analysts currently cover shares of Cenovus Energy?

The following Wall Street research analysts have issued reports on Cenovus Energy in the last year: Barclays PLC, BMO Capital Markets, CIBC, Credit Suisse Group AG, Desjardins, JPMorgan Chase & Co., Morgan Stanley, National Bank Financial, Raymond James, Royal Bank of Canada, Scotiabank, Stifel Firstegy, Stifel Nicolaus, TD Securities, The Goldman Sachs Group, Inc., TheStreet, Tudor Pickering, UBS Group AG, and Zacks Investment Research.
View the latest analyst ratings for CVE.

What is the current price target for Cenovus Energy?

13 Wall Street analysts have set twelve-month price targets for Cenovus Energy in the last year. Their average twelve-month price target is $9.71, suggesting a possible upside of 21.9%. CIBC has the highest price target set, predicting CVE will reach $16.00 in the next twelve months. UBS Group AG has the lowest price target set, forecasting a price of $6.00 for Cenovus Energy in the next year.
View the latest price targets for CVE.

What is the current consensus analyst rating for Cenovus Energy?

Cenovus Energy currently has 5 hold ratings and 12 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Buy." A "buy" rating indicates that analysts believe CVE will outperform the market and that investors should add to their positions of Cenovus Energy.
View the latest ratings for CVE.

What other companies compete with Cenovus Energy?

How do I contact Cenovus Energy's investor relations team?

Cenovus Energy's physical mailing address is 4100 225 6 AVENUE SW, CALGARY A0, T2P 1N2. The oil and gas company's listed phone number is 403-766-2000 and its investor relations email address is [email protected] The official website for Cenovus Energy is www.cenovus.com.