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Cenovus Energy (CVE) Stock Forecast, Price Target & Predictions

OverviewRevenueOwnershipFinancialsChartTranscripts

CVE Stock Forecast

Cenovus Energy (CVE) stock forecast, based on 8 Wall Street analysts, predicts a 12-month average price target of $31.00, with a high of $31.00 and a low of $31.00. This represents a 107.08% increase from the last price of $14.97.

$10 $15 $20 $25 $30 $35 High: $31 Avg: $31 Low: $31 Last Closed Price: $14.97

CVE Stock Rating

Cenovus Energy stock's rating consensus is Buy, based on 8 Wall Street analysts. The breakdown includes 0 Strong Buy (0.00%), 8 Buy (100.00%), 0 Hold (0.00%), 0 Sell (0.00%), and 0 Strong Sell (0.00%).

Buy
Total 8 0 8 Strong Sell Sell Hold Buy Strong Buy

CVE Forecast vs Benchmarks

TypeNameUpside
StockCenovus Energy107.08%
SectorEnergy Stocks 25.44%
IndustryOil & Gas Integrated Stocks 45.16%

Price Target Trends

1M3M12M
# Anlaysts--1
Avg Price Target--$31.00
Last Closing Price$14.97$14.97$14.97
Upside/Downside--107.08%
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Jan, 251010---20
Dec, 241010---20
Nov, 24101061-27
Oct, 24101061-27
Sep, 24101061-27
Latest Price Target by Analysts
DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Oct 04, 2024Randy OllenbergerBMO Capital$31.00$17.8473.77%107.08%
Latest Upgrade/Downgrade by Analysts
DateCompanyPrevious RatingNew RatingRating Change
Dec 13, 2024Raymond JamesOutperformOutperformhold
Oct 04, 2024BMO CapitalOutperformOutperformhold
Aug 02, 2024National BankOutperformOutperformhold
May 02, 2024RBC CapitalOutperformOutperformhold
May 02, 2024TD SecuritiesBuyBuyhold
Apr 19, 2024National BankOutperformOutperformhold
Apr 11, 2024ScotiabankOutperformOutperformhold
Apr 09, 2024RBC CapitalOutperformOutperformhold
Mar 28, 2024Morgan StanleyOverweightOverweighthold
Jun 06, 2023Goldman SachsBuyupgrade

Financial Forecast

EPS Forecast

$-2 $-1 $0 $1 $2 $3 $4 $5 $6 Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$-1.94$0.27$3.29$2.15-----
Avg Forecast$-1.75$0.97$3.41$2.19$1.89$2.08$2.61$4.17$5.01
High Forecast$-1.86$0.91$3.08$2.14$1.75$1.41$2.05$3.94$4.42
Low Forecast$-1.65$1.02$3.82$2.26$2.20$2.74$3.37$4.39$5.36
Surprise %10.86%-72.16%-3.52%-1.83%-----

Revenue Forecast

$10B $24B $38B $52B $66B $80B Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$13.59B$48.81B$71.77B$52.20B-----
Avg Forecast$13.34B$45.85B$69.59B$56.32B$58.26B$56.51B$58.73B$51.32B$51.64B
High Forecast$12.77B$43.86B$64.32B$56.20B$57.47B$53.81B$57.36B$46.68B$46.97B
Low Forecast$13.95B$47.92B$75.96B$56.45B$59.29B$60.07B$60.10B$54.09B$54.43B
Surprise %1.85%6.47%3.12%-7.30%-----

Net Income Forecast

$-10B $-5B $0 $5B $10B $15B Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$-2.38B$587.00M$6.45B$4.11B-----
Avg Forecast$-5.01B$1.34B$5.20B$4.07B$3.70B$3.54B$4.38B$8.02B$9.64B
High Forecast$-6.01B$873.80M$3.96B$3.12B$3.37B$2.72B$3.94B$7.59B$8.51B
Low Forecast$-4.01B$1.81B$6.43B$5.03B$4.23B$5.27B$6.49B$8.45B$10.32B
Surprise %-52.50%-56.18%24.05%0.88%-----

CVE Forecast FAQ

Is Cenovus Energy stock a buy?

Cenovus Energy stock has a consensus rating of Buy, based on 8 Wall Street analysts. The rating breakdown includes 0 Strong Buy, 8 Buy, 0 Hold, 0 Sell, and 0 Strong Sell, reflecting a consensus that Cenovus Energy is a favorable investment for most analysts.

What is Cenovus Energy's price target?

Cenovus Energy's price target, set by 8 Wall Street analysts, averages $31 over the next 12 months. The price target range spans from $31 at the low end to $31 at the high end, suggesting a potential 107.08% change from the previous close price of $14.97.

How does Cenovus Energy stock forecast compare to the average forecast of its sector, industry, and investment themes?

Cenovus Energy stock forecast shows a 107.08% upside, outperforming the average forecast for the energy stocks sector (25.44%) and outperforming the oil & gas integrated stocks industry (45.16%).

What is the breakdown of analyst ratings for Cenovus Energy over the past three months?

  • January 2025: 50.00% Strong Buy, 50.00% Buy, 0% Hold, 0% Sell, 0% Strong Sell.
  • December 2024: 50.00% Strong Buy, 50.00% Buy, 0% Hold, 0% Sell, 0% Strong Sell.
  • November 2024: 37.04% Strong Buy, 37.04% Buy, 22.22% Hold, 3.70% Sell, 0% Strong Sell.

What is Cenovus Energy’s EPS forecast?

Cenovus Energy's average annual EPS forecast for its fiscal year ending in December is 1.89 for 2024, a -12.09% decrease from the reported $2.15 in 2023. The prediction for 2025 is $2.08, $2.61 for 2026, $4.17 for 2027, and $5.01 for 2028.

What is Cenovus Energy’s revenue forecast?

Cenovus Energy's average annual revenue forecast for its fiscal year ending in December is $58.26B for 2024, a 11.61% increase from the reported $52.2B in 2023. The forecast for 2025 is $56.51B, $58.73B for 2026, $51.32B for 2027, and $51.64B for 2028.

What is Cenovus Energy’s net income forecast?

For its fiscal year ending in December, Cenovus Energy's average annual net income forecast is $3.7B for 2024, reflecting a -9.88% decrease from the reported $4.11B in 2023. The projection for 2025 is $3.54B, $4.38B for 2026, $8.02B for 2027, and $9.64B for 2028.