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Cenovus Energy - CVE Stock Price Target and Predictions

  • Consensus Rating: Buy
  • Consensus Price Target: $26.67
  • Forecasted Upside: 24.29%
  • Number of Analysts: 5
  • Breakdown:
  • 0 Sell Ratings
  • 0 Hold Ratings
  • 5 Buy Ratings
  • 0 Strong Buy Ratings
$21.46 As of 04/26/2024 01:00 AM ET
▲ +0.17 (0.80%)

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 $26.67
▲ +24.29% Upside Potential
This price target is based on 5 analysts offering 12 month price targets for Cenovus Energy in the last 3 months. The average price target is $26.67, with a high forecast of $30.00 and a low forecast of $22.00. The average price target represents a 24.29% upside from the last price of $21.46.

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 5 contributing 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
  • 5 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
11/3/2022
  • 0 strong buy ratings
  • 5 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
2/1/2023
  • 0 strong buy ratings
  • 5 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
5/2/2023
  • 0 strong buy ratings
  • 5 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
7/31/2023
  • 0 strong buy ratings
  • 5 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
10/29/2023
  • 0 strong buy ratings
  • 5 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
1/27/2024
  • 0 strong buy ratings
  • 5 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
3/27/2024
  • 0 strong buy ratings
  • 5 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
4/26/2024

Latest Recommendations

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

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
3/28/2024Morgan StanleyBoost TargetOverweight ➝ Overweight$28.00 ➝ $30.00N/A
2/23/2024UBS GroupUpgradeNeutral ➝ BuyLow
1/26/2024Royal Bank of CanadaReiterated RatingOutperform ➝ Outperform$28.00Low
11/3/2023Royal Bank of CanadaBoost TargetOutperform ➝ Outperform$30.00 ➝ $32.00Low
9/6/2023ScotiabankUpgradeSector Perform ➝ Sector OutperformLow
7/12/2023UBS GroupInitiated CoverageNeutralLow
6/6/2023The Goldman Sachs GroupUpgradeNeutral ➝ Buy$20.00 ➝ $22.00Low
4/14/2023ScotiabankDowngradeSector Outperform ➝ Sector PerformLow
2/17/2023BMO Capital MarketsLower TargetC$33.00 ➝ C$32.00Low
1/17/2023CIBCLower TargetC$32.00 ➝ C$31.00Low
1/17/2023ScotiabankLower TargetC$33.00 ➝ C$31.00Low
1/11/2023National Bank FinancialBoost TargetC$36.00 ➝ C$39.00Low
12/7/2022Raymond JamesBoost TargetC$32.00 ➝ C$33.00Low
11/21/2022Credit Suisse GroupLower TargetC$37.00 ➝ C$35.00Low
11/21/2022The Goldman Sachs GroupDowngradeBuy ➝ Neutral$23.00Low
11/3/2022Raymond JamesBoost TargetC$30.00 ➝ C$32.00Low
11/3/2022Royal Bank of CanadaBoost TargetC$31.00 ➝ C$32.00Low
10/19/2022Jefferies Financial GroupInitiated CoverageBuyLow
10/13/2022ScotiabankLower TargetC$34.00 ➝ C$33.00Low
9/30/2022National Bank FinancialLower TargetC$38.00 ➝ C$36.00Low
8/11/2022Credit Suisse GroupReiterated RatingOutperform$37.00Low
7/18/2022National Bank FinancialLower TargetC$41.00 ➝ C$38.00Low
6/16/2022National Bank FinancialBoost TargetC$35.00 ➝ C$41.00High
6/9/2022Credit Suisse GroupBoost TargetOutperformC$32.00 ➝ C$37.00Low
6/8/2022ScotiabankBoost TargetC$25.00 ➝ C$34.00Low
5/20/2022The Goldman Sachs GroupBoost TargetBuy$21.00 ➝ $24.00Low
5/16/2022CormarkLower Target$32.00 ➝ $26.00Low
5/9/2022Credit Suisse GroupBoost TargetC$28.00 ➝ C$32.00Low
4/28/2022Royal Bank of CanadaBoost TargetC$27.00 ➝ C$28.00Low
4/18/2022ScotiabankBoost TargetC$24.00 ➝ C$25.00Low
4/14/2022CIBCBoost TargetC$28.00 ➝ C$30.00Medium
4/14/2022National Bank FinancialBoost TargetC$28.00 ➝ C$35.00Low
3/31/2022The Goldman Sachs GroupReiterated RatingBuy ➝ Buy$19.00Medium
2/14/2022Credit Suisse GroupBoost TargetOutperform$22.00 ➝ $26.00Medium
2/4/2022National Bank FinancialBoost TargetC$25.00 ➝ C$28.00Low
1/28/2022Royal Bank of CanadaBoost TargetC$20.00 ➝ C$24.00Low
1/13/2022ScotiabankBoost TargetC$19.00 ➝ C$20.00Low
12/21/2021Royal Bank of CanadaReiterated RatingBuyHigh
12/17/2021Tudor PickeringReiterated RatingBuyC$19.00Medium
11/19/2021ScotiabankBoost TargetOutperformC$16.50 ➝ C$19.00Low
11/8/2021Credit Suisse GroupBoost TargetOutperformC$18.00 ➝ C$20.00Low
11/4/2021Raymond JamesBoost TargetOutperformC$18.00 ➝ C$19.00Low
11/4/2021TD SecuritiesBoost TargetBuyC$19.50 ➝ C$21.00Medium
10/28/2021ATB CapitalReiterated RatingBuyC$19.50Medium
10/15/2021CIBCBoost TargetOutperformC$20.00 ➝ C$22.00Low
10/15/2021Credit Suisse GroupBoost TargetOutperformC$15.00 ➝ C$18.00Medium
10/14/2021ScotiabankBoost TargetOutperformC$14.00 ➝ C$16.50Low
10/7/2021Morgan StanleyInitiated CoverageOverweight$18.00High
9/28/2021The Goldman Sachs GroupBoost TargetBuy$11.00 ➝ $12.50High
9/27/2021BMO Capital MarketsReiterated RatingBuyLow
7/30/2021Raymond JamesBoost TargetMarket PerformC$13.50 ➝ C$14.00Medium
7/30/2021Royal Bank of CanadaBoost TargetOutperformC$15.00 ➝ C$16.00Low
7/20/2021Raymond JamesInitiated CoverageHold$13.50Low
7/19/2021National Bank FinancialBoost TargetOutperformC$19.50 ➝ C$20.00Medium
7/19/2021Credit Suisse GroupUpgradeNeutral ➝ Outperform$13.00 ➝ $15.00High
7/16/2021BarclaysBoost TargetEqual WeightC$11.00 ➝ C$12.00High
7/15/2021ScotiabankBoost TargetOutperformC$13.00 ➝ C$14.00Medium
7/14/2021CIBCBoost TargetOutperformC$16.00 ➝ C$20.00Medium
6/15/2021UBS GroupUpgradeNeutral ➝ BuyMedium
6/8/2021JPMorgan Chase & Co.UpgradeNeutral ➝ OverweightHigh
6/2/2021Credit Suisse GroupBoost 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 TargetOutperform$11.00 ➝ $16.00Medium
3/8/2021JPMorgan Chase & Co.UpgradeUnderweight ➝ NeutralHigh
1/29/2021TD SecuritiesLower TargetBuy$10.50 ➝ $10.00Medium
1/14/2021CIBCInitiated CoverageOutperformer$11.00High
1/14/2021ScotiabankBoost TargetSector Perform$7.00 ➝ $9.25Low
1/13/2021The Goldman Sachs GroupInitiated CoverageBuyHigh
1/11/2021BarclaysDowngradeOverweight ➝ Equal Weight$9.00Low
1/7/2021TD SecuritiesBoost TargetBuy$7.00 ➝ $10.50Medium
1/6/2021National Bank FinancialBoost TargetOutperformN/A
12/11/2020Morgan StanleyUpgradeUnderweight ➝ Equal Weight$6.00 ➝ $9.00Low
11/18/2020Royal Bank of CanadaBoost TargetOutperform$7.00 ➝ $8.50High
11/11/2020Tudor PickeringReiterated RatingHold$5.50Low
10/30/2020BMO Capital MarketsLower TargetOutperform$7.50 ➝ $6.00Low
10/27/2020Stifel NicolausUpgradeHold ➝ BuyHigh
10/26/2020Stifel FirstegyUpgradeHold ➝ BuyHigh
10/26/2020National Bank FinancialBoost TargetOutperform$8.00 ➝ $10.00High
10/26/2020Raymond JamesBoost TargetMarket Perform$6.00 ➝ $7.50High
10/26/2020Credit Suisse GroupDowngradeOutperform ➝ Neutral$8.00 ➝ $7.00High
10/20/2020Morgan StanleyLower 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 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 TargetNeutral$13.00 ➝ $2.70High
3/25/2020Tudor PickeringDowngradeBuy ➝ HoldHigh
3/19/2020Stifel FirstegyDowngradeBuy ➝ HoldHigh
3/13/2020TD SecuritiesLower TargetBuy$16.50 ➝ $6.00High
3/12/2020Stifel NicolausDowngradeBuy ➝ HoldHigh
3/11/2020JPMorgan Chase & Co.Lower 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 TargetHold$13.00Medium
10/31/2019AltaCorp CapitalUpgradeSector Perform ➝ OutperformMedium
10/22/2019Morgan StanleyDowngradeEqual ➝ Equal WeightLow
10/18/2019Royal Bank of CanadaLower TargetBuy$17.00 ➝ $15.00Medium
10/15/2019CIBCSet TargetBuy$16.00Low
10/7/2019CitigroupUpgradeNeutral ➝ BuyLow
10/7/2019AltaCorp CapitalUpgradeSector Perform ➝ OutperformLow
10/3/2019UBS GroupBoost TargetNeutral$12.50 ➝ $13.00Low
9/27/2019CIBCSet TargetBuy$16.50High
9/26/2019The Goldman Sachs GroupUpgradeNeutral ➝ Buy$12.00Low
7/18/2019CIBCUpgradeNeutral ➝ OutperformMedium
(Data available from 4/26/2019 forward)

News Sentiment Rating

1.34 (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
  • 13 very positive mentions
  • 3 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
9/29/2023
  • 12 very positive mentions
  • 7 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
10/29/2023
  • 12 very positive mentions
  • 3 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
11/28/2023
  • 11 very positive mentions
  • 4 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
12/28/2023
  • 17 very positive mentions
  • 6 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
1/27/2024
  • 12 very positive mentions
  • 11 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
2/26/2024
  • 14 very positive mentions
  • 6 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
3/27/2024
  • 20 very positive mentions
  • 8 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
4/26/2024

Current Sentiment

  • 20 very positive mentions
  • 8 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.

Positive

Very Positive

Cenovus Energy logo
Cenovus Energy Inc., together with its subsidiaries, develops, produces, refines, transports, and markets crude oil, natural gas, and refined petroleum products in Canada and internationally. The company operates through Oil Sands, Conventional, Offshore, Canadian Refining, and U.S. Refining segments. The Oil Sands segment develops and produces bitumen and heavy oil in northern Alberta and Saskatchewan. This segment assets include Foster Creek, Christina Lake, and Sunrise projects, as well as Lloydminster thermal and conventional heavy oil assets. The Conventional segment holds natural gas liquids and natural gas assets primarily located in Elmworth-Wapiti, Kaybob-Edson, Clearwater, and Rainbow Lake operating in Alberta and British Columbia, as well as interests in various natural gas processing facilities. The offshore segment engages in offshore operation, exploration, and development activities in China and the East Coast of Canada. The Canadian Refining segment owns and operates Lloydminster upgrading and asphalt refining complex, which converts heavy oil and bitumen into synthetic crude oil, diesel, asphalt, and other ancillary products, as well as Bruderheim crude-by-rail terminal and ethanol plants. The U.S. Refining segment refines crude oil to produce gasoline, diesel, jet fuel, asphalt, and other products. Cenovus Energy Inc. is headquartered in Calgary, Canada.
Read More

Today's Range

Now: $21.46
Low: $21.16
High: $21.57

50 Day Range

MA: $19.34
Low: $17.19
High: $21.80

52 Week Range

Now: $21.46
Low: $14.69
High: $21.90

Volume

7,791,108 shs

Average Volume

11,224,829 shs

Market Capitalization

$40.02 billion

P/E Ratio

13.58

Dividend Yield

1.94%

Beta

2.15

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: Morgan Stanley, Royal Bank of Canada, Scotiabank, StockNews.com, The Goldman Sachs Group, Inc., and UBS Group AG.
View the latest analyst ratings for CVE.

What is the current price target for Cenovus Energy?

3 Wall Street analysts have set twelve-month price targets for Cenovus Energy in the last year. Their average twelve-month price target is $26.67, suggesting a possible upside of 24.3%. Morgan Stanley has the highest price target set, predicting CVE will reach $30.00 in the next twelve months. The Goldman Sachs Group, Inc. has the lowest price target set, forecasting a price of $22.00 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 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?

Other companies that are similar to Cenovus Energy include Diamondback Energy, Devon Energy, Ecopetrol, ENI and Coterra Energy. Learn More about companies similar to 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. Learn More about contacing Cenovus Energy investor relations.