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Cenovus Energy Inc (TSE:CVE)
TSX:CVE

Cenovus Energy (CVE) Stock Forecast & Price Target

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See the Price Targets and Ratings of:

CVE Analyst Ratings

Strong Buy
10Ratings
10 Buy
0 Hold
0 Sell
Based on 10 analysts giving stock ratings to
Cenovus
Energy
in the past 3 months
TipRanks enables you to focus on the analyst rating consensus of all analysts or only the top performers​ in the past 3 months

CVE Stock 12 Month Forecast

Average Price Target

C$33.64
▲(31.52% Upside)
Based on 10 Wall Street analysts offering 12 month price targets for Cenovus Energy in the last 3 months. The average price target is C$33.64 with a high forecast of C$37.99 and a low forecast of C$29.99. The average price target represents a 31.52% change from the last price of C$25.58.
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Highest Price TargetC$37.99Average Price TargetC$33.64Lowest Price TargetC$29.99
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​

Analyst Profile
Expert Firm
Price Target
Position
Upside / Downside
Action
Date
Follow
Article
UBS
C$31
Buy
21.19%
Upside
Upgraded
02/23/24
Cenovus Energy upgraded to Buy from Neutral at UBSCenovus Energy upgraded to Buy from Neutral at UBS
J.P. Morgan
C$35
Buy
36.83%
Upside
Reiterated
02/21/24
Analysts Offer Insights on Energy Companies: USA Compression (NYSE: USAC), Cenovus Energy (NYSE: CVE) and Range Resources (NYSE: RRC)
Goldman Sachs
C$30.14
Buy
17.81%
Upside
Assigned
02/16/24
Cenovus Energy: Strong Buy Recommendation Amidst Fiscal Prudence and Attractive Shareholder Returns

Best Analysts Covering Cenovus Energy

Which Analyst Should I Follow If I Want to Buy TSE:CVE and Sell After:
1 Month
Success Rate
15/26 ratings generated profit
58%
Average Return
+1.85%
reiterated a buy rating 2 months ago
Copying Dennis Fong's trades and holding each position for 1 Month would result in 57.69% of your transactions generating a profit, with an average return of +1.85% per trade.
dummydummy
Success Rate
0/0 ratings generated profit
0%
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
22/34 ratings generated profit
65%
Average Return
+7.31%
reiterated a buy rating 2 months ago
Copying Jason Bouvier's trades and holding each position for 3 Months would result in 64.71% of your transactions generating a profit, with an average return of +7.31% per trade.
dummydummy
Success Rate
0/0 ratings generated profit
0%
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
Go Premium
1 Year
Travis WoodNational Bank
Success Rate
14/21 ratings generated profit
67%
Average Return
+36.43%
reiterated a buy rating 2 months ago
Copying Travis Wood's trades and holding each position for 1 Year would result in 66.67% of your transactions generating a profit, with an average return of +36.43% per trade.
2 Years
Travis WoodNational Bank
Success Rate
16/21 ratings generated profit
76%
Average Return
+47.23%
reiterated a buy rating 2 months ago
Copying Travis Wood's trades and holding each position for 2 Years would result in 76.19% of your transactions generating a profit, with an average return of +47.23% per trade.
dummydummy
Success Rate
0/0 ratings generated profit
0%
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
Go Premium
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.

CVE Analyst Recommendation Trends

Rating
Jan 24
Feb 24
Mar 24
Apr 24
May 24
Strong Buy
24
25
25
19
18
Buy
1
1
1
4
3
Hold
1
1
0
0
0
Sell
0
0
0
0
0
Strong Sell
0
0
0
0
0
total
26
27
26
23
21
In the current month, CVE has received 21 Buy Ratings, 0 Hold Ratings, and 0 Sell Ratings. CVE average Analyst price target in the past 3 months is C$33.64.
Each month's total comprises the sum of three months' worth of ratings.
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CVE Financial Forecast

CVE Earnings Forecast

Next quarter’s earnings estimate for CVE is C$0.81 with a range of C$0.62 to C$1.08. The previous quarter’s EPS was C$0.62. CVE beat its EPS estimate 100.00% of the time in the past 12 months, while its overall industry beat the EPS estimate 38.42% of the time in the same period. In the last calendar year CVE has Outperformed its overall industry.
Next quarter’s earnings estimate for CVE is C$0.81 with a range of C$0.62 to C$1.08. The previous quarter’s EPS was C$0.62. CVE beat its EPS estimate 100.00% of the time in the past 12 months, while its overall industry beat the EPS estimate 38.42% of the time in the same period. In the last calendar year CVE has Outperformed its overall industry.

CVE Sales Forecast

Next quarter’s sales forecast for CVE is C$15.01B with a range of C$13.78B to C$16.24B. The previous quarter’s sales results were C$13.40B. CVE beat its sales estimates 0.00% of the time in past 12 months, while its overall industry beat sales estimates 34.45% of the time in the same period. In the last calendar year CVE has Underperformed its overall industry.
Next quarter’s sales forecast for CVE is C$15.01B with a range of C$13.78B to C$16.24B. The previous quarter’s sales results were C$13.40B. CVE beat its sales estimates 0.00% of the time in past 12 months, while its overall industry beat sales estimates 34.45% of the time in the same period. In the last calendar year CVE has Underperformed its overall industry.

CVE Stock Forecast FAQ

What is TSE:CVE’s average 12-month price target, according to analysts?
Based on analyst ratings, Cenovus Energy Inc’s 12-month average price target is C$33.64.
    What is TSE:CVE’s upside potential, based on the analysts’ average price target?
    Cenovus Energy Inc has 31.52% 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 TSE:CVE a Buy, Sell or Hold?
          Cenovus Energy Inc has a consensus rating of Strong Buy which is based on 10 buy ratings, 0 hold ratings and 0 sell ratings.
            What is Cenovus Energy Inc’s price target?
            The average price target for Cenovus Energy Inc is C$33.64. This is based on 10 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
            The highest analyst price target is C$37.99 ,the lowest forecast is C$29.99. The average price target represents 31.52% Increase from the current price of C$25.58.
              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 10 Wall Streets Analysts.
                How can I buy shares of TSE:CVE?
                Open a brokerage account, see exclusive account opening deals on our Best Online Brokers page.
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