Cenovus Energy (CVE) Stock Forecast, Price Target & Predictions
CVE Stock Forecast
Cenovus Energy stock forecast is as follows: an average price target of $17.01 (represents a 0.89% upside from CVE’s last price of $16.86) and a rating consensus of 'Buy', based on 6 wall street analysts offering a 1-year stock forecast.
CVE Price Target
CVE Analyst Ratings
Cenovus Energy Price Target by Period
1M | 3M | 12M | |
---|---|---|---|
# Anlaysts | - | - | - |
Avg Price Target | - | - | - |
Last Closing Price | $16.86 | $16.86 | $16.86 |
Upside/Downside | -100.00% | -100.00% | -100.00% |
Analyst Ratings Upgrades/Downgrades
Date | Company | Previous Rating | New Rating | Rating Change |
---|---|---|---|---|
Aug 02, 2024 | National Bank | Outperform | Outperform | Hold |
May 02, 2024 | RBC Capital | Outperform | Outperform | Hold |
May 02, 2024 | TD Securities | Buy | Buy | Hold |
Apr 19, 2024 | National Bank | Outperform | Outperform | Hold |
Apr 11, 2024 | Scotiabank | Outperform | Outperform | Hold |
Apr 09, 2024 | RBC Capital | Outperform | Outperform | Hold |
Mar 28, 2024 | Morgan Stanley | Overweight | Overweight | Hold |
Jun 06, 2023 | Goldman Sachs | - | Buy | Upgrade |
Apr 28, 2022 | RBC Capital | Outperform | Outperform | Hold |
Jan 25, 2022 | Morgan Stanley | Overweight | Overweight | Hold |
Cenovus Energy Financial Forecast
Cenovus Energy Revenue Forecast
Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $12.87B | $12.86B | $14.94B | $18.70B | $20.75B | $17.38B | $14.75B | $13.43B | $11.11B | $9.52B | $3.57B | $3.81B | $2.19B | $4.01B | $5.16B | $5.07B |
Avg Forecast | $6.31B | $6.28B | $6.24B | $6.15B | $18.45B | $18.68B | $16.83B | $17.91B | $14.37B | $14.84B | $14.66B | $15.06B | $14.92B | $16.70B | $12.86B | $13.71B | $13.61B | $14.28B | $16.17B | $13.54B | $10.60B | $9.36B | $8.27B | $6.18B | $2.89B | $2.60B | $1.68B | $2.74B | $3.69B | $3.78B |
High Forecast | $6.42B | $6.39B | $6.35B | $6.26B | $18.78B | $19.01B | $17.13B | $18.23B | $14.63B | $15.00B | $14.92B | $15.33B | $15.13B | $18.73B | $13.09B | $13.95B | $13.86B | $14.54B | $16.17B | $13.91B | $10.90B | $9.62B | $8.50B | $6.35B | $2.97B | $2.68B | $1.73B | $2.82B | $3.80B | $3.89B |
Low Forecast | $6.20B | $6.17B | $6.13B | $6.04B | $18.12B | $18.35B | $16.53B | $17.59B | $14.12B | $14.54B | $14.40B | $14.80B | $14.71B | $14.67B | $12.63B | $13.46B | $13.37B | $14.03B | $16.17B | $13.15B | $10.30B | $9.10B | $8.03B | $6.01B | $2.80B | $2.53B | $1.63B | $2.67B | $3.59B | $3.67B |
# Analysts | 1 | 1 | 1 | 1 | - | - | - | - | 1 | 2 | 1 | 1 | 2 | 2 | 1 | 1 | - | - | - | - | 1 | 1 | 1 | 12 | 13 | 16 | 9 | 9 | 8 | 9 |
Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.00% | 0.94% | 1.10% | 1.31% | 1.28% | 1.28% | 1.39% | 1.43% | 1.34% | 1.54% | 1.24% | 1.46% | 1.30% | 1.46% | 1.40% | 1.34% |
Cenovus Energy EBITDA Forecast
Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 1 | 1 | 1 | 1 | - | - | - | - | 1 | 2 | 1 | 1 | 2 | 2 | 1 | 1 | - | - | - | - | 1 | 1 | 1 | 12 | 13 | 16 | 9 | 9 | 8 | 9 |
EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $2.22B | $1.94B | $2.74B | $3.22B | $5.08B | $4.62B | $2.74B | $2.34B | $1.60B | $1.57B | $642.00M | $859.00M | $344.00M | $-1.10B | $856.00M | $929.00M |
Avg Forecast | $987.35M | $982.71M | $976.82M | $963.09M | $2.89B | $2.92B | $2.63B | $2.80B | $2.25B | $2.32B | $2.29B | $3.60B | $2.34B | $2.61B | $2.01B | $3.84B | $2.13B | $3.82B | $2.53B | $3.04B | $2.61B | $2.98B | $2.43B | $2.83B | $2.09B | $407.35M | $479.14M | $-1.45B | $2.45B | $840.52M |
High Forecast | $1.00B | $1.00B | $994.23M | $980.26M | $2.94B | $2.98B | $2.68B | $2.85B | $2.29B | $2.35B | $2.34B | $4.32B | $2.37B | $2.93B | $2.05B | $4.61B | $2.17B | $4.59B | $2.53B | $3.64B | $3.13B | $3.58B | $2.91B | $3.40B | $2.51B | $418.71M | $574.97M | $-1.16B | $2.94B | $1.01B |
Low Forecast | $969.75M | $965.19M | $959.41M | $945.92M | $2.84B | $2.87B | $2.59B | $2.75B | $2.21B | $2.28B | $2.25B | $2.88B | $2.30B | $2.30B | $1.98B | $3.07B | $2.09B | $3.06B | $2.53B | $2.43B | $2.09B | $2.39B | $1.94B | $2.27B | $1.68B | $395.85M | $383.31M | $-1.74B | $1.96B | $672.42M |
Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.10% | 0.51% | 1.29% | 0.84% | 2.01% | 1.52% | 1.05% | 0.78% | 0.66% | 0.56% | 0.31% | 2.11% | 0.72% | 0.76% | 0.35% | 1.11% |
Cenovus Energy Net Income Forecast
Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 1 | 1 | 1 | 1 | - | - | - | - | 1 | 2 | 1 | 1 | 2 | 2 | 1 | 1 | - | - | - | - | 1 | 1 | 1 | 12 | 13 | 16 | 9 | 9 | 8 | 9 |
Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $866.00M | $636.00M | $784.00M | $1.61B | $2.43B | $1.63B | $-408.00M | $551.00M | $224.00M | $220.00M | $-153.00M | $-194.00M | $-235.00M | $-1.80B | $113.00M | $187.00M |
Avg Forecast | $1.32B | $1.39B | $1.29B | $1.18B | $1.31B | $1.45B | $1.24B | $1.28B | $1.30B | $1.50B | $1.25B | $1.71B | $630.22M | $1.77B | $748.24M | $1.82B | $1.17B | $900.44M | $2.07B | $1.44B | $-388.10M | $702.52M | $340.63M | $396.00M | $-499.16M | $-727.50M | $-327.32M | $-2.37B | $323.59M | $169.19M |
High Forecast | $1.35B | $1.42B | $1.32B | $1.21B | $1.34B | $1.48B | $1.27B | $1.31B | $1.33B | $1.56B | $1.28B | $2.05B | $655.43M | $1.89B | $765.57M | $2.19B | $1.20B | $1.08B | $2.07B | $1.73B | $-310.48M | $843.03M | $408.76M | $475.20M | $-399.33M | $-582.00M | $-261.86M | $-1.89B | $388.31M | $203.03M |
Low Forecast | $1.29B | $1.35B | $1.26B | $1.15B | $1.28B | $1.41B | $1.21B | $1.25B | $1.27B | $1.44B | $1.22B | $1.37B | $579.80M | $1.49B | $730.90M | $1.46B | $1.15B | $720.35M | $2.07B | $1.15B | $-465.72M | $562.02M | $272.51M | $316.80M | $-599.00M | $-873.00M | $-392.79M | $-2.84B | $258.87M | $135.35M |
Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.16% | 0.35% | 0.67% | 1.79% | 1.17% | 1.13% | 1.05% | 0.78% | 0.66% | 0.56% | 0.31% | 0.27% | 0.72% | 0.76% | 0.35% | 1.11% |
Cenovus Energy SG&A Forecast
Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 1 | 1 | 1 | 1 | - | - | - | - | 1 | 2 | 1 | 1 | 2 | 2 | 1 | 1 | - | - | - | - | 1 | 1 | 1 | 12 | 13 | 16 | 9 | 9 | 8 | 9 |
SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $167.00M | $158.00M | $320.00M | $128.00M | $218.00M | $199.00M | $358.00M | $158.00M | $170.00M | $163.00M | $150.00M | $50.00M | $95.00M | $-21.00M | $127.00M | $72.00M |
Avg Forecast | $99.06M | $98.60M | $98.01M | $96.63M | $289.69M | $293.34M | $264.30M | $281.28M | $225.73M | $233.05M | $230.23M | $209.48M | $234.31M | $262.23M | $201.91M | $223.30M | $213.81M | $258.20M | $253.95M | $176.58M | $340.54M | $201.45M | $258.52M | $293.40M | $489.38M | $187.50M | $132.32M | $-27.67M | $363.68M | $65.14M |
High Forecast | $100.83M | $100.35M | $99.75M | $98.35M | $294.86M | $298.56M | $269.01M | $286.30M | $229.75M | $235.61M | $234.33M | $251.38M | $237.68M | $294.08M | $205.51M | $267.96M | $217.62M | $309.84M | $253.95M | $211.89M | $408.64M | $241.74M | $310.22M | $352.08M | $587.25M | $225.00M | $158.79M | $-22.14M | $436.42M | $78.17M |
Low Forecast | $97.30M | $96.84M | $96.26M | $94.91M | $284.53M | $288.11M | $259.59M | $276.27M | $221.71M | $228.40M | $226.13M | $167.58M | $230.94M | $230.40M | $198.31M | $178.64M | $210.00M | $206.56M | $253.95M | $141.26M | $272.43M | $161.16M | $206.81M | $234.72M | $391.50M | $150.00M | $105.86M | $-33.21M | $290.95M | $52.11M |
Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.83% | 0.71% | 1.50% | 0.50% | 0.86% | 1.13% | 1.05% | 0.78% | 0.66% | 0.56% | 0.31% | 0.27% | 0.72% | 0.76% | 0.35% | 1.11% |
Cenovus Energy EPS Forecast
Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 1 | 1 | 1 | 1 | - | - | - | - | 1 | 2 | 1 | 1 | 2 | 2 | 1 | 1 | - | - | - | - | 1 | 1 | 1 | 12 | 13 | 16 | 9 | 9 | 8 | 9 |
EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.45 | $0.33 | $0.40 | $0.83 | $1.23 | $0.81 | $-0.20 | $0.27 | $0.11 | $0.10 | $-0.12 | $-0.16 | $-0.19 | $-1.46 | $0.09 | $0.15 |
Avg Forecast | $0.71 | $0.74 | $0.69 | $0.63 | $0.70 | $0.77 | $0.66 | $0.69 | $0.69 | $0.80 | $0.67 | $0.51 | $0.34 | $0.95 | $0.40 | $0.26 | $0.63 | $0.98 | $1.10 | $0.52 | $0.49 | $0.46 | $0.32 | $-0.03 | $-0.11 | $-0.06 | $-0.55 | $-0.30 | $0.11 | $0.21 |
High Forecast | $0.72 | $0.76 | $0.71 | $0.65 | $0.72 | $0.79 | $0.68 | $0.70 | $0.71 | $0.83 | $0.68 | $0.52 | $0.35 | $1.01 | $0.41 | $0.26 | $0.64 | $1.01 | $1.10 | $0.54 | $0.51 | $0.47 | $0.33 | $-0.03 | $-0.10 | $-0.06 | $-0.53 | $-0.29 | $0.12 | $0.22 |
Low Forecast | $0.69 | $0.72 | $0.67 | $0.62 | $0.68 | $0.76 | $0.65 | $0.67 | $0.68 | $0.77 | $0.65 | $0.50 | $0.31 | $0.80 | $0.39 | $0.25 | $0.61 | $0.96 | $1.10 | $0.51 | $0.48 | $0.44 | $0.30 | $-0.03 | $-0.11 | $-0.07 | $-0.57 | $-0.31 | $0.11 | $0.20 |
Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.12% | 1.28% | 0.64% | 0.84% | 1.11% | 1.54% | -0.40% | 0.59% | 0.35% | -3.54% | 1.11% | 2.52% | 0.35% | 4.80% | 0.80% | 0.72% |
Cenovus Energy Peer Comparison by Price Target
Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
---|---|---|---|---|---|
EQNR | Equinor ASA | $24.93 | $82.50 | 230.93% | Hold |
BP | BP p.l.c. | $31.90 | $43.18 | 35.36% | Buy |
E | Eni S.p.A. | $30.96 | $39.60 | 27.91% | Buy |
SHEL | Shell | $66.91 | $84.67 | 26.54% | Buy |
CVX | Chevron | $138.56 | $174.93 | 26.25% | Buy |
EC | Ecopetrol | $9.19 | $11.35 | 23.50% | Buy |
PBR | Petróleo Brasileiro S.A. - Petrobras | $14.75 | $16.47 | 11.66% | Buy |
SU | Suncor Energy | $37.32 | $40.78 | 9.27% | Buy |
TTE | TotalEnergies SE | $66.30 | $72.00 | 8.60% | Hold |
XOM | Exxon Mobil | $112.64 | $118.02 | 4.78% | Buy |
CVE | Cenovus Energy | $16.85 | $17.01 | 0.95% | Buy |
YPF | YPF Sociedad Anónima | $23.35 | $21.03 | -9.94% | Hold |
CVE Forecast FAQ
Is Cenovus Energy a good buy?
Yes, according to 6 Wall Street analysts, Cenovus Energy (CVE) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 6 'Buy' recommendations, accounting for 100.00% of CVE's total ratings.
What is CVE's price target?
Cenovus Energy (CVE) average price target is $17.01 with a range of $11.54 to $19.89, implying a 0.89% from its last price of $16.86. The data is based on 6 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Cenovus Energy stock go up soon?
According to Wall Street analysts' prediction for CVE stock, the company can go up by 0.89% (from the last price of $16.86 to the average price target of $17.01), up by 17.99% based on the highest stock price target, and down by -31.56% based on the lowest stock price target.
Can Cenovus Energy stock reach $30?
CVE's average twelve months analyst stock price target of $17.01 does not support the claim that Cenovus Energy can reach $30 in the near future.
What are Cenovus Energy's analysts' financial forecasts?
Cenovus Energy's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $71.87B (high $73.15B, low $70.58B), average EBITDA is $11.25B (high $11.45B, low $11.05B), average net income is $5.28B (high $5.4B, low $5.16B), average SG&A $1.13B (high $1.15B, low $1.11B), and average EPS is $2.82 (high $2.89, low $2.76). CVE's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $24.98B (high $25.43B, low $24.53B), average EBITDA is $3.91B (high $3.98B, low $3.84B), average net income is $5.18B (high $5.3B, low $5.06B), average SG&A $392.29M (high $399.29M, low $385.3M), and average EPS is $2.77 (high $2.83, low $2.71).
Did the CVE's actual financial results beat the analysts' financial forecasts?
Based on Cenovus Energy's last annual report (Dec 2022), the company's revenue was $71.76B, beating the average analysts forecast of $57.6B by 24.58%. Apple's EBITDA was $15.34B, beating the average prediction of $11.52B by 33.11%. The company's net income was $6.45B, beating the average estimation of $5.59B by 15.38%. Apple's SG&A was $865M, missing the average forecast of $902.54M by -4.16%. Lastly, the company's EPS was $3.29, beating the average prediction of $3.24 by 1.53%. In terms of the last quarterly report (Jun 2023), Cenovus Energy's revenue was $12.87B, beating the average analysts' forecast of $12.86B by 0.08%. The company's EBITDA was $2.22B, beating the average prediction of $2.01B by 10.11%. Cenovus Energy's net income was $866M, beating the average estimation of $748.24M by 15.74%. The company's SG&A was $167M, missing the average forecast of $201.91M by -17.29%. Lastly, the company's EPS was $0.45, beating the average prediction of $0.4 by 12.47%