NYSE:CVE - Cenovus Energy Stock Price Target and Predictions

  • Consensus Rating: Buy
  • Consensus Price Target: $17.31
  • Forecasted Upside: 36.07 %
  • Number of Analysts: 16
  • Breakdown:
  • 0 Sell Ratings
  • 1 Hold Ratings
  • 15 Buy Ratings
  • 0 Strong Buy Ratings
$12.72
▼ -0.11 (-0.86%)

This chart shows the closing price for CVE by one month, three months, or twelve months.

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Analyst Price Target for CVE

Analyst Price Target is $17.31
▲ +36.07% Upside Potential
This price target is based on 16 analysts offering 12 month price targets for Cenovus Energy in the last 3 months. The average price target is $17.31, with a high forecast of $22.00 and a low forecast of $12.00. The average price target represents a 36.07% upside from the last price of $12.72.

This chart shows the closing price for CVE for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Buy

The current consensus among 16 polled 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

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 14 buy ratings
  • 0 hold ratings
  • 0 sell ratings
6/17/2020
  • 0 strong buy ratings
  • 15 buy ratings
  • 1 hold ratings
  • 0 sell ratings
9/15/2020
  • 0 strong buy ratings
  • 13 buy ratings
  • 1 hold ratings
  • 0 sell ratings
12/14/2020
  • 0 strong buy ratings
  • 15 buy ratings
  • 1 hold ratings
  • 0 sell ratings
3/14/2021
  • 0 strong buy ratings
  • 16 buy ratings
  • 1 hold ratings
  • 0 sell ratings
6/12/2021
  • 0 strong buy ratings
  • 16 buy ratings
  • 1 hold ratings
  • 0 sell ratings
9/10/2021
  • 0 strong buy ratings
  • 15 buy ratings
  • 1 hold ratings
  • 0 sell ratings
11/9/2021
  • 0 strong buy ratings
  • 15 buy ratings
  • 1 hold ratings
  • 0 sell ratings
12/9/2021

Latest Recommendations

  • 0 strong buy ratings
  • 15 buy ratings
  • 1 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
11/19/2021ScotiabankBoost Price TargetOutperformC$16.50 ➝ C$19.00Low
11/8/2021Credit Suisse GroupBoost Price TargetOutperformC$18.00 ➝ C$20.00Low
11/4/2021Raymond JamesBoost Price TargetOutperformC$18.00 ➝ C$19.00Low
11/4/2021TD SecuritiesBoost Price TargetBuyC$19.50 ➝ C$21.00Medium
10/28/2021ATB CapitalReiterated RatingBuyC$19.50Medium
10/15/2021CIBCBoost Price TargetOutperformC$20.00 ➝ C$22.00Low
10/15/2021Credit Suisse GroupBoost Price TargetOutperformC$15.00 ➝ C$18.00Medium
10/14/2021ScotiabankBoost Price TargetOutperformC$14.00 ➝ C$16.50Low
10/7/2021Morgan StanleyInitiated CoverageOverweight$18.00High
9/28/2021The Goldman Sachs GroupBoost Price TargetBuy$11.00 ➝ $12.50High
9/27/2021BMO Capital MarketsReiterated RatingBuyLow
7/30/2021Raymond JamesBoost Price TargetMarket PerformC$13.50 ➝ C$14.00Medium
7/30/2021Royal Bank of CanadaBoost Price TargetOutperformC$15.00 ➝ C$16.00Low
7/20/2021Raymond JamesInitiated CoverageHold$13.50Low
7/19/2021National Bank FinancialBoost Price TargetOutperformC$19.50 ➝ C$20.00Medium
7/19/2021Credit Suisse GroupUpgradeNeutral ➝ Outperform$13.00 ➝ $15.00High
7/16/2021BarclaysBoost Price TargetEqual WeightC$11.00 ➝ C$12.00High
7/15/2021ScotiabankBoost Price TargetOutperformC$13.00 ➝ C$14.00Medium
7/14/2021CIBCBoost Price TargetOutperformC$16.00 ➝ C$20.00Medium
6/15/2021UBS GroupUpgradeNeutral ➝ BuyMedium
6/8/2021JPMorgan Chase & Co.UpgradeNeutral ➝ OverweightHigh
6/2/2021Credit Suisse GroupBoost Price TargetNeutralC$7.00 ➝ C$13.00Medium
4/15/2021National Bank FinancialReiterated RatingOutperformMedium
4/15/2021Tudor PickeringReiterated RatingBuy$12.00Low
4/15/2021ScotiabankUpgradeSector Perform ➝ OutperformLow
4/2/2021BarclaysReiterated RatingHold$11.00N/A
3/26/2021DesjardinsUpgradeHold ➝ Buy$8.00 ➝ $14.00Low
3/16/2021Raymond JamesUpgradeMarket Perform ➝ OutperformMedium
3/10/2021CIBCBoost Price TargetOutperform$11.00 ➝ $16.00Medium
3/8/2021JPMorgan Chase & Co.UpgradeUnderweight ➝ NeutralHigh
1/29/2021TD SecuritiesLower Price TargetBuy$10.50 ➝ $10.00Medium
1/14/2021CIBCInitiated CoverageOutperformer$11.00High
1/14/2021ScotiabankBoost Price TargetSector Perform$7.00 ➝ $9.25Low
1/13/2021The Goldman Sachs GroupInitiated CoverageBuyHigh
1/11/2021BarclaysDowngradeOverweight ➝ Equal Weight$9.00Low
1/7/2021TD SecuritiesBoost Price TargetBuy$7.00 ➝ $10.50Medium
1/6/2021National Bank FinancialBoost Price TargetOutperformN/A
12/11/2020Morgan StanleyUpgradeUnderweight ➝ Equal Weight$6.00 ➝ $9.00Low
11/18/2020Royal Bank of CanadaBoost Price TargetOutperform$7.00 ➝ $8.50High
11/11/2020Tudor PickeringReiterated RatingHold$5.50Low
10/30/2020BMO Capital MarketsLower Price TargetOutperform$7.50 ➝ $6.00Low
10/27/2020Stifel NicolausUpgradeHold ➝ BuyHigh
10/26/2020Stifel FirstegyUpgradeHold ➝ BuyHigh
10/26/2020National Bank FinancialBoost Price TargetOutperform$8.00 ➝ $10.00High
10/26/2020Raymond JamesBoost Price TargetMarket Perform$6.00 ➝ $7.50High
10/26/2020Credit Suisse GroupDowngradeOutperform ➝ Neutral$8.00 ➝ $7.00High
10/20/2020Morgan StanleyLower Price TargetUnderweight$8.00 ➝ $6.00Medium
10/1/2020JPMorgan Chase & Co.DowngradeNeutral ➝ UnderweightHigh
9/2/2020BarclaysInitiated CoverageOverweight$8.00Low
7/29/2020Credit Suisse GroupReiterated RatingBuy$8.00Low
6/29/2020UBS GroupBoost Price TargetNeutral$2.70 ➝ $6.00Low
6/11/2020ScotiabankDowngradeOutperform ➝ Sector Perform$6.50Medium
4/29/2020Tudor PickeringReiterated RatingHoldHigh
4/14/2020Tudor PickeringReiterated RatingHoldMedium
4/2/2020Tudor PickeringReiterated RatingHoldMedium
3/31/2020UBS GroupLower Price TargetNeutral$13.00 ➝ $2.70High
3/25/2020Tudor PickeringDowngradeBuy ➝ HoldHigh
3/19/2020Stifel FirstegyDowngradeBuy ➝ HoldHigh
3/13/2020TD SecuritiesLower Price TargetBuy$16.50 ➝ $6.00High
3/12/2020Stifel NicolausDowngradeBuy ➝ HoldHigh
3/11/2020JPMorgan Chase & Co.Lower Price TargetNeutral$12.00 ➝ $5.50High
3/4/2020JPMorgan Chase & Co.DowngradeOverweight ➝ Neutral$15.00 ➝ $12.00Low
2/13/2020TD SecuritiesReiterated RatingBuy$16.50Low
12/11/2019Royal Bank of CanadaReiterated RatingBuyLow
11/2/2019Raymond JamesSet Price TargetHold$13.00Medium
10/31/2019AltaCorp CapitalUpgradeSector Perform ➝ OutperformMedium
10/22/2019Morgan StanleyDowngradeEqual ➝ Equal WeightLow
10/18/2019Royal Bank of CanadaLower Price TargetBuy$17.00 ➝ $15.00Medium
10/15/2019CIBCSet Price TargetBuy$16.00Low
10/7/2019CitigroupUpgradeNeutral ➝ BuyLow
10/7/2019AltaCorp CapitalUpgradeSector Perform ➝ OutperformLow
10/3/2019UBS GroupBoost Price TargetNeutral$12.50 ➝ $13.00Low
9/27/2019CIBCSet Price TargetBuy$16.50High
9/26/2019The Goldman Sachs GroupUpgradeNeutral ➝ Buy$12.00Low
7/18/2019CIBCUpgradeNeutral ➝ OutperformMedium
4/25/2019GMP SecuritiesReiterated RatingBuy$17.50Medium
4/16/2019The Goldman Sachs GroupUpgradeSell ➝ Neutral$11.00Low
1/31/2019CIBCDowngradeSector Outperform ➝ NeutralMedium
1/29/2019Morgan StanleyReiterated RatingHoldMedium
1/28/2019Credit Suisse GroupInitiated CoverageOutperform ➝ Outperform$15.00Low
1/7/2019AltaCorp CapitalDowngradeOutperform ➝ Sector PerformMedium
1/7/2019BMO Capital MarketsReiterated RatingAverage$13.50Low
1/7/2019Royal Bank of CanadaReiterated RatingBuy$13.00Low
12/11/2018Raymond JamesDowngradeHoldHigh
12/11/2018JPMorgan Chase & Co.Reiterated RatingBuyLow
12/10/2018Tudor PickeringUpgradeHold ➝ BuyLow
11/22/2018CIBCReiterated RatingBuyHigh
11/20/2018Canaccord GenuitySet Price TargetHold$13.00Medium
11/20/2018Morgan StanleyLower Price TargetEqual Weight ➝ Equal Weight$17.00 ➝ $15.00Low
11/1/2018Raymond JamesReiterated RatingHoldLow
10/30/2018ScotiabankUpgradeSector Perform ➝ BuyLow
10/22/2018TD SecuritiesUpgradeHold ➝ BuyMedium
10/16/2018Canaccord GenuityReiterated RatingHoldLow
10/5/2018CIBCInitiated CoverageSector Outperform ➝ Sector OutperformMedium
9/10/2018JPMorgan Chase & Co.UpgradeNeutral ➝ OverweightLow
9/7/2018The Goldman Sachs GroupDowngradeNeutral ➝ SellLow
8/16/2018Canaccord GenuityDowngradeBuy ➝ HoldHigh
8/14/2018Tudor PickeringDowngradeBuy ➝ HoldHigh
8/1/2018MacquarieUpgradeUnderperform ➝ NeutralLow
5/31/2018National Bank FinancialUpgradeSector Perform Overweight ➝ Outperform OverweightLow
5/23/2018Morgan StanleyBoost Price TargetEqual Weight ➝ Equal Weight$13.00 ➝ $17.00Low
5/17/2018BMO Capital MarketsUpgradeMarket Perform ➝ Outperform$15.00 ➝ $17.00High
4/24/2018Raymond JamesUpgradeUnderperform ➝ Market PerformLow
4/16/2018Morgan StanleyLower Price TargetEqual Weight ➝ Equal Weight$15.00 ➝ $13.00Low
4/5/2018Bank of AmericaInitiated CoverageNeutral ➝ Neutral$9.00High
3/28/2018Tudor PickeringUpgradeHold ➝ BuyLow
3/7/2018UBS GroupInitiated CoverageNeutralHigh
2/16/2018AltaCorp CapitalUpgradeSector Perform ➝ OutperformN/A
1/12/2018DesjardinsReiterated RatingBuy ➝ HoldLow
11/15/2017ScotiabankDowngradeOutperform ➝ Sector PerformN/A
11/9/2017AltaCorp CapitalDowngradeOutperform ➝ Sector PerformN/A
10/30/2017Canaccord GenuityReiterated RatingBuy$15.50N/A
10/19/2017Canaccord GenuityReiterated RatingBuy$15.50N/A
10/16/2017Royal Bank of CanadaReiterated RatingBuy$15.00N/A
10/13/2017Morgan StanleySet Price TargetBuy$11.00 ➝ $15.00N/A
9/25/2017Canaccord GenuityReiterated RatingBuy$14.50Low
9/5/2017Canaccord GenuityReiterated RatingBuy$14.00Low
7/19/2017Morgan StanleyDowngradeOverweight ➝ Equal WeightHigh
7/12/2017BarclaysReiterated RatingOverweight$15.00 ➝ $22.00Low
7/5/2017Raymond JamesDowngradeMarket Perform ➝ UnderperformLow
7/5/2017UBS GroupDowngradeMarket Perform ➝ UnderperformN/A
6/27/2017National Bank FinancialInitiated CoverageSector PerformMedium
6/22/2017The Goldman Sachs GroupReiterated RatingNeutral ➝ Neutral$8.00Low
6/21/2017Canaccord GenuityUpgradeHold ➝ BuyHigh
6/21/2017MacquarieDowngradeNeutral ➝ UnderperformHigh
5/26/2017Credit Suisse GroupReiterated RatingOutperform ➝ OutperformHigh
4/26/2017Canaccord GenuityReiterated RatingHold$16.50High
3/30/2017MacquarieUpgradeUnderperform ➝ NeutralHigh
3/24/2017TD SecuritiesUpgradeHold ➝ BuyLow
3/8/2017The Goldman Sachs GroupLower Price TargetSell$13.00 ➝ $12.00High
2/16/2017Societe GeneraleUpgradeHold ➝ BuyN/A
1/24/2017MacquarieDowngradeNeutral ➝ UnderperformN/A
1/23/2017The Goldman Sachs GroupDowngradeBuy ➝ Sell$13.00N/A
12/13/2016Edward JonesDowngradeBuy ➝ HoldN/A
12/10/2016TD SecuritiesReiterated RatingHold$21.00N/A
12/10/2016ScotiabankReiterated RatingOutperform$21.00N/A
12/10/2016Royal Bank of CanadaReiterated RatingOutperform$24.00 ➝ $25.00N/A
(Data available from 12/9/2016 forward)

News Sentiment Rating

1.00 (Buy)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 0 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
5/13/2021
  • 0 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
6/12/2021
  • 0 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
7/12/2021
  • 3 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
8/11/2021
  • 0 very positive mentions
  • 3 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
9/10/2021
  • 9 very positive mentions
  • 3 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
10/10/2021
  • 7 very positive mentions
  • 5 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
11/9/2021
  • 7 very positive mentions
  • 9 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
12/9/2021

Current Sentiment

  • 7 very positive mentions
  • 9 positive mentions
  • 0 negative mentions
  • 0 very negative mentions

Recent Stories by Sentiment

Very Negative

  • No very negative mentions tracked during this time.

Negative

  • No negative mentions tracked during this time.
Cenovus Energy logo
Cenovus Energy, Inc. engages in provision of gas and oil. Its activities include development, production, and marketing of crude oil, natural gas liquids (NGLS), and natural gas in Canada. The firm operates through four segments: Oil Sands, Conventional, Refining & Marketing, and Corporate & Eliminations. The Oil sands segment includes the development and production of bitumen in northeast Alberta including Foster Creek, Christina Lake and Narrows Lake as well as projects in the early stages of development. The Conventional segment includes includes land primarily in the Elmworth-Wapiti, Kaybob-Edson, and Clearwater operating areas. The Refining and Marketing segment provides transportation and selling of crude oil, natural gas and NGLS. The Corporate and Eliminations segment includes unrealized gains and losses recorded on derivative financial instruments, divestiture of assets, as well as other administrative, financing activities and research costs. The company was founded in 1881 and is headquartered in Calgary, Canada.
Read More

Today's Range

Now: $12.72
Low: $12.46
High: $13.05

50 Day Range

MA: $11.96
Low: $10.06
High: $13.16

52 Week Range

Now: $12.72
Low: $5.47
High: $13.48

Volume

9,197,438 shs

Average Volume

9,675,966 shs

Market Capitalization

$25.66 billion

P/E Ratio

45.43

Dividend Yield

0.47%

Beta

3.01

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: ATB Capital, 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, 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 $17.31, suggesting a possible upside of 36.1%. CIBC has the highest price target set, predicting CVE will reach $22.00 in the next twelve months. Barclays PLC has the lowest price target set, forecasting a price of $12.00 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 1 hold rating and 15 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.

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.