Based on 7 Wall Street analysts offering 12 month price targets for Cenovus Energy in the last 3 months. The average price target is $22.48 with a high forecast of $27.00 and a low forecast of $19.28. The average price target represents a 7.15% change from the last price of $20.98.

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<div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 8,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 0, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":19.54,"date":1669939200000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 7,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 1, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":18.58,"date":1672963200000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 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Highest Price Target$27.00

Average Price Target$22.48

Lowest Price Target$19.28

The highest, average, and lowest price target of all analysts. Click on ‘Top Analysts’ to focus on the best performers.

Detailed List of Analyst Forecasts

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Desjardins

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Reiterated

2023-09-18

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Scotiabank

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Upgraded

2023-09-06

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National Bank

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Reiterated

2023-07-28

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RBC Capital

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Reiterated

2023-07-27

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Goldman Sachs

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Reiterated

2023-07-27

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BMO Capital

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Assigned

2023-07-27

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UBS

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Initiated

2023-07-12

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Morgan Stanley

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Reiterated

2023-05-15

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TD Securities

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Reiterated

2023-04-27

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Credit Suisse

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Reiterated

2023-04-06

John Royall

J.P. Morgan

―

Buy

―

Reiterated

2023-02-01

Cenovus Energy (CVE) Receives a Buy from J.P. Morgan

Dennis Fong

CIBC

$22.98

Buy

9.55%

Upside

Reiterated

2023-01-17

Cenovus Energy price target lowered to C$31 from C$32 at CIBCCenovus Energy price target lowered to C$31 from C$32 at CIBC

George Huang

Raymond James

$23.73

Buy

13.09%

Upside

Reiterated

2023-01-16

Raymond James Reaffirms Their Buy Rating on Cenovus Energy (CVE)

Unknown Analyst

Not Ranked

Jefferies

$25.95

Buy

23.69%

Upside

Initiated

2022-10-19

Cenovus Energy initiated with a Buy at JefferiesCenovus Energy initiated with a Buy at Jefferies

Best Analysts Covering Cenovus Energy

Which Analyst Should I Follow If I Want to Buy CVE and Sell After:

1 Month

Dennis FongCIBC

Success Rate

13/23 ratings generated profit

Average Return

+1.32%

reiterated a buy rating 8 months ago

Copying Dennis Fong's trades and holding each position for 1 Month would result in 56.52% of your transactions generating a profit, with an average return of +1.32% per trade.

dummydummy

Success Rate

0/0 ratings generated profit

Average Return

0.00%

a rating ―

Copying dummy's trades and holding each position for XXXX would result in 0.10% of your transactions generating a profit, with an average return of 0.00% per trade.

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3 Months

Jason BouvierScotiabank

Success Rate

18/27 ratings generated profit

Average Return

+8.29%

upgraded a buy rating 23 days ago

Copying Jason Bouvier's trades and holding each position for 3 Months would result in 66.67% of your transactions generating a profit, with an average return of +8.29% per trade.

dummydummy

Success Rate

0/0 ratings generated profit

Average Return

0.00%

a rating ―

Copying dummy's trades and holding each position for XXXX would result in 0.10% of your transactions generating a profit, with an average return of 0.00% per trade.

Premium Content

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1 Year

Dennis FongCIBC

Success Rate

15/23 ratings generated profit

Average Return

+22.32%

reiterated a buy rating 8 months ago

Copying Dennis Fong's trades and holding each position for 1 Year would result in 65.22% of your transactions generating a profit, with an average return of +22.32% per trade.

2 Years

Dennis FongCIBC

Success Rate

15/23 ratings generated profit

Average Return

+27.23%

reiterated a buy rating 8 months ago

Copying Dennis Fong's trades and holding each position for 2 Years would result in 65.22% of your transactions generating a profit, with an average return of +27.23% per trade.

dummydummy

Success Rate

0/0 ratings generated profit

Average Return

0.00%

a rating ―

Copying dummy's trades and holding each position for XXXX would result in 0.10% of your transactions generating a profit, with an average return of 0.00% per trade.

Premium Content

Find out which analyst has the highest Average Return & Success Rate

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The Best Analyst Covering tool allows you to follow the analysts who have the best success rates and average returns on a specific stock. Only analysts that gave a Buy or Sell rating on the stock in the past 12 months are eligible for inclusion in this tool. Follow the analysts of your choice to receive real-time updates when they publish a new rating.

Stocks with the Highest Top Analyst Consensus in the Energy Sector

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Find stocks in the Energy sector that are highly recommended by Top Performing Analysts.

CVE Financial Forecast

CVE Earnings Forecast

Next quarter’s earnings estimate for CVE is $0.55 with a range of $0.39 to $0.79. The previous quarter’s EPS was $0.33. CVE beat its EPS estimate 50.00% of the time in the past 12 months, while its overall industry beat the EPS estimate 53.20% of the time in the same period. In the last calendar year CVE has Underperformed its overall industry.

CVE Sales Forecast

Next quarter’s sales forecast for CVE is $11.26B with a range of $9.44B to $12.91B. The previous quarter’s sales results were $9.07B. CVE beat its sales estimates 50.00% of the time in past 12 months, while its overall industry beat sales estimates 55.88% of the time in the same period. In the last calendar year CVE has Underperformed its overall industry.

CVE Analyst Recommendation Trends

In the current month, CVE has received 2 Buy ratings 0 Hold ratings, and 0 Sell ratings. The CVE average analyst price target in the past 3 months is $22.48

CVE Stock Forecast FAQ

What is CVE’s average 12-month price target, according to analysts?

Based on analyst ratings, Cenovus Energy Inc’s 12-month average price target is $22.48.

What is CVE’s upside potential, based on the analysts’ average price target?

Cenovus Energy Inc has 7.15% upside potential, based on the analysts’ average price target.

Can I see which stocks the top-ranking analysts are rating?

Yes, go to the Analysts’ Top Stocks tool to see stocks with a Strong Buy or Strong Sell analyst rating consensus, according to the top performers.

How can I follow the stock ratings of top Wall Street analysts?

Head over to our Expert Center to see a list of the top 100 Wall Street analysts and follow the analysts of your choice. Visit their profiles for more details about their stock ratings and see how they perform on a stock-by-stock basis.

Is CVE a Buy, Sell or Hold?

Cenovus Energy Inc has a conensus rating of Strong Buy which is based on 6 buy ratings, 1 hold ratings and 0 sell ratings.

What is Cenovus Energy Inc’s price target?

The average price target for Cenovus Energy Inc is $22.48. This is based on 7 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
The highest analyst price target is $27.00 ,the lowest forecast is $19.28. The average price target represents 7.15% Increase from the current price of $20.98.

What do analysts say about Cenovus Energy Inc?

Cenovus Energy Inc’s analyst rating consensus is a Strong Buy. This is based on the ratings of 7 Wall Streets Analysts.

How can I buy shares of CVE?

Open a brokerage account, see exclusive account opening deals on our Best Online Brokers page.

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Cenovus Energy (CVE) Stock Forecast & Price Target

CVE Analyst Ratings

CVE Stock 12 Months Forecast

Average Price Target

Detailed List of Analyst Forecasts​

Best Analysts Covering Cenovus Energy

CVE Financial Forecast

CVE Earnings Forecast

CVE Sales Forecast

CVE Analyst Recommendation Trends

CVE Stock Forecast FAQ

Get More with TipRanks Premium

Detailed List of Analyst Forecasts