Cenovus Energy (CVE) Stock Forecast & Price Target

$11.56 +0.16 (+1.40%)

As of 03:59 PM Eastern

Cenovus Energy - Analysts' Recommendations and Stock Price Forecast (2025)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 6 Analyst Ratings

Sell
0

Hold
2

Buy
4

Based on 6 Wall Street analysts who have issued ratings for Cenovus Energy in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 6 analysts, 2 have given a hold rating, 3 have given a buy rating, and 1 has given a strong buy rating for CVE.

Consensus Price Target

$29.00
150.87% Upside

According to the 6 analysts' twelve-month price targets for Cenovus Energy, the average price target is $29.00. The highest price target for CVE is $34.00, while the lowest price target for CVE is $25.00. The average price target represents a forecasted upside of 150.87% from the current price of $11.56.

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CVE Analyst Ratings Over Time

Type	Current Forecast 4/14/24 to 4/14/25	1 Month Ago 3/15/24 to 3/15/25	3 Months Ago 1/15/24 to 1/14/25	1 Year Ago 4/15/23 to 4/14/24
Strong Buy	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	3 Buy rating(s)	4 Buy rating(s)	5 Buy rating(s)	5 Buy rating(s)
Hold	2 Hold rating(s)	2 Hold rating(s)	1 Hold rating(s)	0 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$29.00	$29.25	$30.00	$26.67
Forecasted Upside	150.87% Upside	116.91% Upside	101.07% Upside	27.29% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Buy

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CVE Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

CVE Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Cenovus Energy Stock vs. The Competition

Type	Cenovus Energy	Energy Companies	S&P 500
Consensus Rating Score	2.83	2.70	2.54
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	150.87% Upside	980.29% Upside	25.85% Upside
News Sentiment Rating	Positive News See Recent CVE News	Positive News	Positive News

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Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
4/11/2025	Royal Bank of Canada 4 of 5 stars	Greg Pardy Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Outperform ➝ Outperform	$25.00 ➝ $25.00	+127.38%
3/26/2025	Morgan Stanley 3 of 5 stars		Reiterated Rating	Overweight ➝ Overweight
3/19/2025	Scotiabank 5 of 5 stars	K. Fisk Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
2/21/2025	National Bank Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	T. Wood Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Sector Perform
11/1/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$31.00 ➝ $28.00	+74.13%
10/1/2024	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Hulshof Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Strong-Buy ➝ Hold
5/28/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Mccrea Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Moderate Buy
2/23/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Buy
6/6/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Buy	$20.00 ➝ $22.00	+29.18%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 11:23 PM ET.

Should I Buy Cenovus Energy Stock? CVE Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, April 6, 2025. Please send any questions or comments about these Cenovus Energy pros and cons to contact@marketbeat.com.

Cenovus Energy
Bull Case

Here are some ways that investors could benefit from investing in Cenovus Energy Inc.:

The current stock price of Cenovus Energy Inc. is C$21.08, which is relatively stable compared to its fifty-two week high of C$29.96, indicating potential for growth as the market stabilizes.
Cenovus Energy Inc. has a strong market capitalization of C$39.21 billion, suggesting a solid position in the industry and the ability to weather market fluctuations.
The company recently announced a quarterly dividend of $0.18 per share, translating to an annualized dividend yield of 3.42%. This provides a steady income stream for investors.
Analysts have a consensus target price of C$29.00, indicating that there is potential upside from the current trading price, which could attract investors looking for growth opportunities.
Recent insider buying activity, including a purchase of 5,000 shares by Senior Officer Jeffery George Lawson, suggests confidence in the company's future performance, which can be a positive signal for investors.

Cenovus Energy
Bear Case

Investors should be bearish about investing in Cenovus Energy Inc. for these reasons:

The stock has experienced a recent downgrade from a "buy" rating to a "hold" rating, indicating that analysts may have concerns about its short-term performance.
With a P/E ratio of 8.40, while it may seem attractive, it also suggests that the stock could be undervalued, which may reflect underlying issues in the company's earnings potential.
Recent trading activity shows a decline of 0.1% in stock price, which may indicate bearish sentiment among investors and could lead to further price drops.
Analysts have varied opinions on the stock, with some lowering their target prices, which can create uncertainty about the company's future performance and affect investor confidence.
The company has a relatively high debt-to-equity ratio of 33.34, which may raise concerns about its financial leverage and ability to manage debt in a fluctuating market.

CVE Forecast - Frequently Asked Questions

: According to the research reports of 6 Wall Street equities research analysts, the average twelve-month stock price forecast for Cenovus Energy is $29.00, with a high forecast of $34.00 and a low forecast of $25.00.
: 6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cenovus Energy in the last twelve months. There are currently 2 hold ratings, 3 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" CVE shares.
: According to analysts, Cenovus Energy's stock has a predicted upside of 150.87% based on their 12-month stock forecasts.
: Over the previous 90 days, Cenovus Energy's stock had 1 upgrade and 1 downgrade by analysts.
: Cenovus Energy has been rated by research analysts at Morgan Stanley, National Bank Financial, Royal Bank of Canada, and Scotiabank in the past 90 days.
: Analysts like Cenovus Energy more than other "energy" companies. The consensus rating score for Cenovus Energy is 2.83 while the average consensus rating score for "energy" companies is 2.70. Learn more on how CVE compares to other companies.

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This page (NYSE:CVE) was last updated on 4/14/2025 by MarketBeat.com Staff

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Cenovus Energy (CVE) Stock Forecast & Price Target