Cenovus Energy - CVE Stock Price Target and Predictions

  • Consensus Rating: Buy
  • Consensus Price Target: $25.96
  • Forecasted Upside: 68.89 %
  • Number of Analysts: 10
  • Breakdown:
  • 0 Sell Ratings
  • 0 Hold Ratings
  • 10 Buy Ratings
  • 0 Strong Buy Ratings
$15.37
▼ -0.22 (-1.41%)

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 $25.96
▲ +68.89% Upside Potential
This price target is based on 10 analysts offering 12 month price targets for Cenovus Energy in the last 3 months. The average price target is $25.96, with a high forecast of $37.00 and a low forecast of $18.00. The average price target represents a 68.89% upside from the last price of $15.37.

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 10 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
  • 16 buy ratings
  • 1 hold ratings
  • 0 sell ratings
4/8/2021
  • 0 strong buy ratings
  • 16 buy ratings
  • 1 hold ratings
  • 0 sell ratings
7/7/2021
  • 0 strong buy ratings
  • 16 buy ratings
  • 1 hold ratings
  • 0 sell ratings
10/5/2021
  • 0 strong buy ratings
  • 15 buy ratings
  • 1 hold ratings
  • 0 sell ratings
1/3/2022
  • 0 strong buy ratings
  • 14 buy ratings
  • 1 hold ratings
  • 0 sell ratings
4/3/2022
  • 0 strong buy ratings
  • 12 buy ratings
  • 1 hold ratings
  • 0 sell ratings
7/2/2022
  • 0 strong buy ratings
  • 11 buy ratings
  • 0 hold ratings
  • 0 sell ratings
8/31/2022
  • 0 strong buy ratings
  • 10 buy ratings
  • 0 hold ratings
  • 0 sell ratings
9/30/2022

Latest Recommendations

  • 0 strong buy ratings
  • 10 buy ratings
  • 0 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
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
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
11/20/2018Morgan StanleyLower TargetEqual Weight ➝ Equal Weight$17.00 ➝ $15.00Low
11/1/2018Raymond JamesReiterated RatingHoldLow
10/30/2018ScotiabankUpgradeSector Perform ➝ BuyLow
10/22/2018TD SecuritiesUpgradeHold ➝ BuyMedium
10/5/2018CIBCInitiated CoverageSector Outperform ➝ Sector OutperformMedium
9/10/2018JPMorgan Chase & Co.UpgradeNeutral ➝ OverweightLow
9/7/2018The Goldman Sachs GroupDowngradeNeutral ➝ SellLow
8/14/2018Tudor PickeringDowngradeBuy ➝ HoldHigh
8/1/2018MacquarieUpgradeUnderperform ➝ NeutralLow
5/31/2018National Bank FinancialUpgradeSector Perform Overweight ➝ Outperform OverweightLow
5/23/2018Morgan StanleyBoost 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 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
10/16/2017Royal Bank of CanadaReiterated RatingBuy$15.00N/A
10/13/2017Morgan StanleySet TargetBuy$11.00 ➝ $15.00N/A
(Data available from 10/1/2017 forward)

News Sentiment Rating

0.74 (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
  • 9 very positive mentions
  • 5 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
3/4/2022
  • 1 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
4/3/2022
  • 5 very positive mentions
  • 7 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
5/3/2022
  • 5 very positive mentions
  • 8 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
6/2/2022
  • 6 very positive mentions
  • 3 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
7/2/2022
  • 6 very positive mentions
  • 16 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
8/1/2022
  • 6 very positive mentions
  • 9 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
8/31/2022
  • 8 very positive mentions
  • 13 positive mentions
  • 1 negative mentions
  • 1 very negative mentions
9/30/2022

Current Sentiment

  • 8 very positive mentions
  • 13 positive mentions
  • 1 negative mentions
  • 1 very negative mentions
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, Offshore, Canadian Manufacturing, U.S. Manufacturing, and Retail segments. The Oil Sands segment develops and produces bitumen and heavy oil in northern Alberta and Saskatchewan. This segments Foster Creek, Christina Lake, Sunrise, and Tucker oil sands projects, as well as Lloydminster thermal and conventional heavy oil assets The Conventional segment holds 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 the exploration and development activities. The Canadian Manufacturing segment includes the owned and operated Lloydminster upgrading and asphalt refining complex, which upgrades heavy oil and bitumen into synthetic crude oil, diesel fuel, asphalt, and other ancillary products, as well as owns and operates the Bruderheim crude-by-rail terminal and two ethanol plants. The U.S. Manufacturing segment comprises the refining of crude oil to produce diesel, gasoline, jet fuel, asphalt, and other products. The Retail segment consists of marketing of its own and third-party refined petroleum products through retail, commercial, and bulk petroleum outlets, as well as wholesale channels. Cenovus Energy Inc. was founded in 2009 and is headquartered in Calgary, Canada.
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Today's Range

Now: $15.37
Low: $15.16
High: $15.77

50 Day Range

MA: $17.94
Low: $14.60
High: $19.87

52 Week Range

Now: $15.37
Low: $9.99
High: $24.91

Volume

7,911,632 shs

Average Volume

11,104,519 shs

Market Capitalization

$29.68 billion

P/E Ratio

9.61

Dividend Yield

2.05%

Beta

2.3

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, CIBC, Cormark, Credit Suisse Group AG, Morgan Stanley, National Bank Financial, Raymond James, Royal Bank of Canada, Scotiabank, StockNews.com, TD Securities, The Goldman Sachs Group, Inc., TheStreet, and Tudor Pickering.
View the latest analyst ratings for CVE.

What is the current price target for Cenovus Energy?

12 Wall Street analysts have set twelve-month price targets for Cenovus Energy in the last year. Their average twelve-month price target is $26.13, suggesting a possible upside of 70.8%. National Bank Financial has the highest price target set, predicting CVE will reach $38.00 in the next twelve months. Morgan Stanley has the lowest price target set, forecasting a price of $18.00 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 10 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. Learn More about contacing Cenovus Energy investor relations.