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
The average price target for Cenovus Energy (CVE) is $17.01 based on 1-year price targets from 6 Wall Street analysts in the past 3 months, with a price target range of $19.89 to $11.54. This represents a potential 0.89% upside from CVE's last price of $16.86.
CVE Analyst Ratings
According to 6 Wall Street analysts, Cenovus Energy's rating consensus is 'Buy'. The analyst rating breakdown for CVE stock is 0 'Strong Buy' (0.00%), 6 'Buy' (100.00%), 0 'Hold' (0.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
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% |
In the current month, the average price target of Cenovus Energy stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Cenovus Energy's last price of $16.86. This month's average price target is down NaN% compared to last quarter, and down NaN% compared to last year.
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's last stock rating was published by National Bank on Aug 02, 2024. The company gave CVE a "Outperform" rating, the same as its previous rate.
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's average Quarter revenue forecast for Sep 23 based on 2 analysts is $16.70B, with a low forecast of $14.67B, and a high forecast of $18.73B. CVE's average Quarter revenue forecast represents a 29.76% increase compared to the company's last Quarter revenue of $12.87B (Jun 23).
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% |
2 analysts predict CVE's average Quarter EBITDA for Sep 23 to be $2.61B, with a high of $2.93B and a low of $2.30B. This is 17.95% upper than Cenovus Energy's previous annual EBITDA (Jun 23) of $2.22B.
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's average Quarter net income forecast for Sep 23 is $1.77B, with a range of $1.49B to $1.89B. CVE's average Quarter net income forecast represents a 104.12% increase compared to the company's last Quarter net income of $866.00M (Jun 23).
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's average Quarter SG&A projection for Sep 23 is $262.23M, based on 2 Wall Street analysts, with a range of $230.40M to $294.08M. The forecast indicates a 57.03% rise compared to CVE last annual SG&A of $167.00M (Jun 23).
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% |
According to 2 Wall Street analysts, Cenovus Energy's projected average Quarter EPS for Sep 23 is $0.95, with a low estimate of $0.80 and a high estimate of $1.01. This represents a 110.06% increase compared to CVE previous annual EPS of $0.45 (Jun 23).
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%