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

OverviewRevenueOwnershipFinancialsChartTranscripts

CVE Stock Forecast

Cenovus Energy (CVE) stock forecast, based on 25 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 156.20% increase from the last price of $12.10.

$10 $15 $20 $25 $30 $35 High: $31 Avg: $31 Low: $31 Last Closed Price: $12.1

CVE Stock Rating

Cenovus Energy stock's rating consensus is Hold, based on 25 Wall Street analysts. The breakdown includes 0 Strong Buy (0.00%), 10 Buy (40.00%), 13 Hold (52.00%), 2 Sell (8.00%), and 0 Strong Sell (0.00%).

Hold
Total 25 0 2 13 10 Strong Sell Sell Hold Buy Strong Buy

CVE Price Target Upside V Benchmarks

TypeNameUpside
StockCenovus Energy156.20%
SectorEnergy Stocks 41.60%
IndustryOil & Gas Integrated Stocks 56.69%

Price Target Trends

1M3M12M
# Anlaysts--1
Avg Price Target--$31.00
Last Closing Price$12.10$12.10$12.10
Upside/Downside--156.20%
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Apr, 25991--19
Mar, 25991--19
Feb, 25108---18
Jan, 251010---20
Dec, 241010---20
Analyst Price Target Forecasts
DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Oct 04, 2024Randy OllenbergerBMO Capital$31.00$17.8473.77%156.20%
Analyst Rating Forecasts
DateCompanyPrevious RatingNew RatingRating Change
Apr 15, 2025Morgan StanleyOverweightOverweighthold
Mar 26, 2025Morgan StanleyOverweightOverweighthold
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

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$5.01
High Forecast$-1.65$1.02$3.82$2.26$2.20$2.74$3.37$4.39$5.36
Low Forecast$-1.86$0.91$3.08$2.14$1.75$1.41$2.05$3.94$4.42
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$13.95B$47.92B$75.96B$56.45B$59.29B$60.07B$60.10B$54.09B$54.43B
Low Forecast$12.77B$43.86B$64.32B$56.20B$57.47B$53.81B$57.36B$46.68B$46.97B
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$9.64B
High Forecast$-4.01B$1.81B$6.43B$5.03B$4.23B$5.27B$6.49B$8.45B$10.32B
Low Forecast$-6.01B$873.80M$3.96B$3.12B$3.37B$2.72B$3.94B$7.59B$8.51B
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 Hold, based on 25 Wall Street analysts. The rating breakdown includes 0 Strong Buy, 10 Buy, 13 Hold, 2 Sell, and 0 Strong Sell, reflecting a consensus that Cenovus Energy is a neutral investment for most analysts.

What is Cenovus Energy's price target?

Cenovus Energy's price target, set by 25 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 156.20% change from the previous closing price of $12.1.

How does Cenovus Energy stock forecast compare to its benchmarks?

Cenovus Energy's stock forecast shows a 156.20% upside, outperforming the average forecast for the energy stocks sector (41.60%) and outperforming the oil & gas integrated stocks industry (56.69%).

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

  • April 2025: 47.37% Strong Buy, 47.37% Buy, 5.26% Hold, 0% Sell, 0% Strong Sell.
  • March 2025: 47.37% Strong Buy, 47.37% Buy, 5.26% Hold, 0% Sell, 0% Strong Sell.
  • February 2025: 55.56% Strong Buy, 44.44% Buy, 0% Hold, 0% 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 2024 is $1.89, marking a -12.09% decrease from the reported $2.15 in 2023. Estimates for the following years are $2.08 in 2025, $2.61 in 2026, $4.17 in 2027, and $5.01 in 2028.

What is Cenovus Energy’s revenue forecast?

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

What is Cenovus Energy’s net income forecast?

Cenovus Energy's net income forecast for the fiscal year ending in December 2024 stands at $3.7B, representing a -9.88% decrease from the reported $4.11B in 2023. Projections indicate $3.54B in 2025, $4.38B in 2026, $8.02B in 2027, and $9.64B in 2028.