Cenovus Energy (CVE) Stock Forecast & Price Target

$14.30 +0.17 (+1.17%)

Closing price 03/24/2025 03:59 PM Eastern

Extended Trading

$14.16 -0.14 (-0.97%)

As of 03/24/2025 07:59 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, and 4 have given a buy rating for CVE.

Consensus Price Target

$29.25
104.62% Upside

According to the 6 analysts' twelve-month price targets for Cenovus Energy, the average price target is $29.25. 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 104.62% from the current price of $14.30.

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CVE Analyst Ratings Over Time

Type	Current Forecast 3/25/24 to 3/25/25	1 Month Ago 2/24/24 to 2/23/25	3 Months Ago 12/26/23 to 12/25/24	1 Year Ago 3/26/23 to 3/25/24
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	4 Buy rating(s)	5 Buy rating(s)	5 Buy rating(s)	4 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	$29.25	$29.25	$30.00	$25.00
Forecasted Upside	104.62% Upside	100.27% Upside	103.94% Upside	26.01% 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	2.67	2.72	2.54
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	104.62% Upside	2,372.69% Upside	16.92% Upside
News Sentiment Rating	Very 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
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	Royal Bank of Canada 4 of 5 stars	Greg Pardy Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Outperform ➝ Outperform	$26.00 ➝ $25.00	+70.78%
2/21/2025	National Bank Financial 5 of 5 stars	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
3/28/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$28.00 ➝ $30.00	+50.00%
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 Tuesday at 07:27 AM 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 Friday, March 14, 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 is C$21.08, which may present a buying opportunity for investors looking for value in the energy sector.
Cenovus Energy Inc. has a strong market capitalization of C$39.21 billion, indicating a solid position in the market and potential for growth.
The company recently announced a quarterly dividend of $0.18 per share, providing a yield of 3.42%, which can be attractive for income-focused investors.
Analysts have a generally positive outlook, with several firms issuing "buy" ratings and raising target prices, suggesting confidence in the company's future performance.
The firm has a relatively low debt-to-equity ratio of 33.34, indicating a manageable level of debt compared to its equity, which can be a sign of financial stability.

Cenovus Energy
Bear Case

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

The company reported earnings per share (EPS) of $0.05, which missed analysts' expectations, indicating potential challenges in meeting financial targets.
Recent analyst downgrades, including a cut from "buy" to "hold," suggest that some experts may have concerns about the company's short-term performance.
The stock has experienced fluctuations, with a 52-week low of C$19.82, which may indicate volatility and risk for investors.
Revenue for the last quarter was reported at $8.40 billion, significantly below the consensus estimate of $11.08 billion, raising concerns about the company's sales performance.
The dividend payout ratio is currently at 28.69%, which, while manageable, may limit the company's ability to reinvest in growth opportunities.

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 $29.25, with a high forecast of $34.00 and a low forecast of $25.00.
: 6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cenovus Energy in the last year. There are currently 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" CVE shares.
: According to analysts, Cenovus Energy's stock has a predicted upside of 104.62% 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 National Bank Financial, Royal Bank of Canada, and Scotiabank in the past 90 days.
: Analysts like Cenovus Energy less than other "energy" companies. The consensus rating score for Cenovus Energy is 2.67 while the average consensus rating score for "energy" companies is 2.72. Learn more on how CVE compares to other companies.

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This page (NYSE:CVE) was last updated on 3/25/2025 by MarketBeat.com Staff

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Cenovus Energy (CVE) Stock Forecast & Price Target