Cenovus Energy (CVE) Stock Forecast & Price Target

C$18.16 -1.95 (-9.70%)

As of 04/3/2025 04:17 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 10 Analyst Ratings

Sell
0

Hold
2

Buy
8

Based on 10 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 10 analysts, 2 have given a hold rating, 7 have given a buy rating, and 1 has given a strong buy rating for CVE.

Consensus Price Target

C$29.89
64.59% Upside

According to the 10 analysts' twelve-month price targets for Cenovus Energy, the average price target is C$29.89. The highest price target for CVE is C$35.00, while the lowest price target for CVE is C$25.00. The average price target represents a forecasted upside of 64.59% from the current price of C$18.16.

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CVE Analyst Ratings Over Time

Type	Current Forecast 4/4/24 to 4/4/25	1 Month Ago 3/5/24 to 3/5/25	3 Months Ago 1/5/24 to 1/4/25	1 Year Ago 4/5/23 to 4/4/24
Strong Buy	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	7 Buy rating(s)	7 Buy rating(s)	9 Buy rating(s)	8 Buy rating(s)
Hold	2 Hold rating(s)	2 Hold rating(s)	0 Hold rating(s)	1 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	C$29.89	C$29.89	C$31.20	C$31.54
Forecasted Upside	64.59% Upside	68.77% Upside	40.86% Upside	10.19% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Buy	Moderate 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
Consensus Rating Score	2.90	2.71
Consensus Rating	Moderate Buy	Moderate Buy
News Sentiment Rating	Positive News See Recent CVE 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
2/24/2025	TD Securities 4 of 5 stars	M. Hulshof Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy	C$29.00 ➝ C$28.00	+34.74%
2/21/2025	National Bankshares 2 of 5 stars		Downgrade	Outperform ➝ Sector Perform	C$28.00 ➝ C$25.00	+20.71%
2/20/2025	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	Strong-Buy ➝ Hold
1/30/2025	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$32.00 ➝ C$30.00	+38.44%
1/14/2025	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$28.00 ➝ C$26.00	+20.48%
12/13/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$28.00 ➝ C$25.00	+15.31%
12/13/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$32.00 ➝ C$33.00	+52.21%
7/23/2024	Desjardins Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	C$31.50 ➝ C$33.00	+22.77%
4/22/2024	CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	C$31.00 ➝ C$35.00	+20.61%
Get the Latest News and Ratings for CVE and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Cenovus Energy and its competitors with MarketBeat's FREE daily newsletter.
1/11/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$35.00 ➝ C$34.00	+58.66%
10/20/2023	ATB Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$31.00 ➝ C$34.00	+19.93%
10/11/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$30.00 ➝ C$31.00	+11.31%
5/15/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$30.00 ➝ C$29.00	+34.88%
4/6/2023	CSFB Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$33.00 ➝ C$31.00	+27.62%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 03:07 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 Wednesday, April 2, 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 is relatively close to its fifty-two week low of C$19.82, potentially indicating a buying opportunity for investors looking for value.
Cenovus Energy Inc. has a strong market capitalization of C$39.21 billion, suggesting a solid position in the energy sector, which can provide stability and growth potential.
The company has announced a quarterly dividend of $0.18 per share, representing an annualized yield of 3.42%. This can provide a steady income stream for investors.
Analysts have given a consensus rating of "Moderate Buy," with seven out of ten analysts recommending the stock, indicating positive sentiment and potential for price appreciation.
Recent insider buying activity, including purchases by senior officers, 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:

Recent analyst downgrades have occurred, with firms like TD Securities and Royal Bank of Canada reducing their price targets, which may indicate concerns about future performance.
The stock has a relatively high beta of 2.63, suggesting that it is more volatile than the market, which can increase risk for investors.
The company has a debt-to-equity ratio of 33.34, indicating a significant amount of debt compared to equity, which can pose financial risks, especially in a fluctuating market.
Despite a strong market cap, the price-to-earnings (P/E) ratio of 8.40 may suggest that the stock is undervalued, but it could also indicate underlying issues that investors should be cautious about.
The stock has traded down 0.1% recently, which may reflect negative market sentiment or concerns about the company's short-term performance.

CVE Forecast - Frequently Asked Questions

: According to the research reports of 10 Wall Street equities research analysts, the average twelve-month stock price forecast for Cenovus Energy is C$29.89, with a high forecast of C$35.00 and a low forecast of C$25.00.
: 10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cenovus Energy in the last year. There are currently 2 hold ratings, 7 buy ratings and 1 strong buy rating 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 64.59% based on their 12-month stock forecasts.
: Over the previous 90 days, Cenovus Energy's stock had 2 downgrades and 1 upgrade by analysts.
: Cenovus Energy has been rated by research analysts at Jefferies Financial Group, National Bank Financial, National Bankshares, Royal Bank of Canada, Scotiabank, and TD Securities in the past 90 days.
: Analysts like Cenovus Energy more than other "energy" companies. The consensus rating score for Cenovus Energy is 2.90 while the average consensus rating score for "energy" companies is 2.71. Learn more on how CVE compares to other companies.

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

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Cenovus Energy (CVE) Stock Forecast & Price Target