Cenovus Energy (CVE) Stock Forecast, Price Target & Predictions
CVE Stock Forecast
Cenovus Energy stock forecast is as follows: an average price target of $31.00 (represents a 93.15% upside from CVE’s last price of $16.05) and a rating consensus of 'Buy', based on 7 wall street analysts offering a 1-year stock forecast.
CVE Price Target
The average price target for Cenovus Energy (CVE) is $31.00 based on 1-year price targets from 7 Wall Street analysts in the past 3 months, with a price target range of $31.00 to $31.00. This represents a potential 93.15% upside from CVE's last price of $16.05.
CVE Analyst Ratings
According to 7 Wall Street analysts, Cenovus Energy's rating consensus is 'Buy'. The analyst rating breakdown for CVE stock is 0 'Strong Buy' (0.00%), 7 'Buy' (100.00%), 0 'Hold' (0.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Cenovus Energy Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Oct 04, 2024 | Randy Ollenberger | BMO Capital | $31.00 | $17.84 | 73.77% | 93.15% |
The latest Cenovus Energy stock forecast, released on Oct 04, 2024 by Randy Ollenberger from BMO Capital, set a price target of $31.00, which represents a 73.77% increase from the stock price at the time of the forecast ($17.84), and a 93.15% increase from CVE last price ($16.05).
Cenovus Energy Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 1 | 1 |
| Avg Price Target | - | $31.00 | $31.00 |
| Last Closing Price | $16.05 | $16.05 | $16.05 |
| Upside/Downside | -100.00% | 93.15% | 93.15% |
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 $16.05. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 04, 2024 | BMO Capital | Outperform | Outperform | Hold |
| 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 |
Cenovus Energy's last stock rating was published by BMO Capital on Oct 04, 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 | $6.01B | $5.93B | $17.83B | $17.44B | $15.43B | $15.09B | $14.51B | $14.12B | $14.66B | $15.06B | $14.92B | $16.70B | $12.86B | $13.71B | $13.61B | $14.28B | $16.17B | $16.91B | $13.51B | $11.86B | $10.22B | $7.76B | $3.68B | $3.46B | $2.28B | $3.88B | $4.84B | $5.01B |
| High Forecast | $6.44B | $6.41B | $6.14B | $6.05B | $18.20B | $17.80B | $15.75B | $15.64B | $15.06B | $14.41B | $14.97B | $15.38B | $15.13B | $18.73B | $13.12B | $13.99B | $13.90B | $14.28B | $16.17B | $16.91B | $13.51B | $11.86B | $10.22B | $7.76B | $3.68B | $3.46B | $2.28B | $3.88B | $4.84B | $5.01B |
| Low Forecast | $6.18B | $6.15B | $5.89B | $5.81B | $17.46B | $17.08B | $15.11B | $14.52B | $13.98B | $13.82B | $14.36B | $14.75B | $14.71B | $14.67B | $12.59B | $13.42B | $13.33B | $14.28B | $16.17B | $16.91B | $13.51B | $11.86B | $10.22B | $7.76B | $3.68B | $3.46B | $2.28B | $3.88B | $4.84B | $5.01B |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 15 | 9 | 9 | 16 | 8 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.00% | 0.94% | 1.10% | 1.31% | 1.28% | 1.03% | 1.09% | 1.13% | 1.09% | 1.23% | 0.97% | 1.10% | 0.96% | 1.03% | 1.07% | 1.01% |
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 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 15 | 9 | 9 | 16 | 8 |
| 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 | $1.04B | $1.04B | $995.93M | $981.93M | $2.95B | $2.89B | $2.56B | $2.50B | $2.40B | $2.34B | $2.43B | $3.60B | $2.47B | $2.77B | $2.13B | $3.84B | $3.27B | $2.24B | $2.53B | $3.79B | $2.12B | $1.86B | $1.60B | $3.56B | $576.71M | $542.02M | $357.13M | $-2.05B | $758.21M | $784.46M |
| High Forecast | $1.07B | $1.06B | $1.02B | $1.00B | $3.01B | $2.95B | $2.61B | $2.59B | $2.49B | $2.39B | $2.48B | $4.32B | $2.51B | $3.10B | $2.17B | $4.61B | $3.93B | $2.24B | $2.53B | $4.55B | $2.12B | $1.86B | $1.60B | $4.27B | $576.71M | $542.02M | $357.13M | $-1.64B | $758.21M | $784.46M |
| Low Forecast | $1.02B | $1.02B | $975.19M | $961.48M | $2.89B | $2.83B | $2.50B | $2.41B | $2.32B | $2.29B | $2.38B | $2.88B | $2.44B | $2.43B | $2.09B | $3.07B | $2.62B | $2.24B | $2.53B | $3.03B | $2.12B | $1.86B | $1.60B | $2.85B | $576.71M | $542.02M | $357.13M | $-2.46B | $758.21M | $784.46M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.04% | 0.51% | 0.84% | 1.44% | 2.01% | 1.22% | 1.30% | 1.26% | 1.00% | 0.44% | 1.11% | 1.58% | 0.96% | 0.54% | 1.13% | 1.18% |
2 analysts predict CVE's average Quarter EBITDA for Sep 23 to be $2.77B, with a high of $3.10B and a low of $2.43B. This is 24.80% 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 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 15 | 9 | 9 | 16 | 8 |
| 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 | $1.05B | $1.02B | $1.04B | $1.07B | $902.72M | $1.01B | $827.16M | $863.03M | $909.76M | $813.11M | $1.24B | $1.71B | $627.95M | $1.76B | $745.55M | $1.82B | $-487.57M | $1.84B | $2.06B | $1.80B | $923.52M | $852.17M | $590.78M | $497.47M | $-202.45M | $-118.94M | $-1.02B | $-3.35B | $206.98M | $387.40M |
| High Forecast | $1.08B | $1.04B | $1.07B | $1.10B | $927.17M | $1.04B | $849.56M | $1.19B | $934.40M | $835.12M | $1.25B | $2.05B | $653.07M | $1.89B | $765.73M | $2.19B | $-390.06M | $1.84B | $2.06B | $2.16B | $923.52M | $852.17M | $590.78M | $596.97M | $-202.45M | $-118.94M | $-1.02B | $-2.68B | $206.98M | $387.40M |
| Low Forecast | $1.02B | $988.99M | $1.02B | $1.04B | $878.27M | $983.33M | $804.76M | $531.10M | $879.41M | $791.11M | $1.24B | $1.37B | $577.72M | $1.49B | $725.37M | $1.46B | $-585.08M | $1.84B | $2.06B | $1.44B | $923.52M | $852.17M | $590.78M | $397.98M | $-202.45M | $-118.94M | $-1.02B | $-4.02B | $206.98M | $387.40M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.16% | 0.35% | -1.61% | 0.87% | 1.18% | 0.90% | -0.44% | 0.65% | 0.38% | 0.44% | 0.76% | 1.63% | 0.23% | 0.54% | 0.55% | 0.48% |
Cenovus Energy's average Quarter net income forecast for Sep 23 is $1.76B, with a range of $1.49B to $1.89B. CVE's average Quarter net income forecast represents a 103.39% 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 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 15 | 9 | 9 | 16 | 8 |
| 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 | $94.43M | $93.10M | $279.97M | $273.91M | $242.35M | $236.98M | $227.88M | $221.71M | $230.23M | $209.48M | $234.31M | $262.23M | $201.91M | $223.30M | $427.82M | $224.30M | $253.95M | $220.63M | $212.22M | $186.28M | $160.53M | $368.58M | $57.86M | $54.38M | $35.83M | $-39.12M | $76.07M | $78.71M |
| High Forecast | $101.13M | $100.65M | $96.40M | $95.04M | $285.80M | $279.61M | $247.40M | $245.66M | $236.44M | $226.33M | $235.03M | $251.38M | $237.68M | $294.08M | $206.12M | $267.96M | $513.38M | $224.30M | $253.95M | $264.75M | $212.22M | $186.28M | $160.53M | $442.30M | $57.86M | $54.38M | $35.83M | $-31.30M | $76.07M | $78.71M |
| Low Forecast | $97.00M | $96.54M | $92.47M | $91.17M | $274.14M | $268.20M | $237.30M | $228.05M | $219.53M | $217.09M | $225.44M | $167.58M | $230.94M | $230.40M | $197.71M | $178.64M | $342.25M | $224.30M | $253.95M | $176.50M | $212.22M | $186.28M | $160.53M | $294.87M | $57.86M | $54.38M | $35.83M | $-46.94M | $76.07M | $78.71M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.83% | 0.71% | 0.75% | 0.57% | 0.86% | 0.90% | 1.69% | 0.85% | 1.06% | 0.44% | 2.59% | 0.92% | 2.65% | 0.54% | 1.67% | 0.91% |
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 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 15 | 9 | 9 | 16 | 8 |
| 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 | $0.56 | $0.55 | $0.56 | $0.57 | $0.48 | $0.54 | $0.44 | $0.46 | $0.49 | $0.44 | $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 | $0.58 | $0.56 | $0.58 | $0.59 | $0.50 | $0.56 | $0.46 | $0.64 | $0.50 | $0.45 | $0.67 | $0.51 | $0.35 | $1.01 | $0.41 | $0.26 | $0.65 | $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 |
| Low Forecast | $0.55 | $0.53 | $0.55 | $0.56 | $0.47 | $0.53 | $0.43 | $0.29 | $0.47 | $0.42 | $0.66 | $0.51 | $0.31 | $0.80 | $0.39 | $0.25 | $0.61 | $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 |
| 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% | 0.81% | 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 | $23.67 | $82.50 | 248.54% | Hold |
| CVE | Cenovus Energy | $16.05 | $31.00 | 93.15% | Buy |
| BP | BP p.l.c. | $29.09 | $43.18 | 48.44% | Buy |
| EC | Ecopetrol | $8.05 | $11.35 | 40.99% | Buy |
| E | Eni S.p.A. | $29.07 | $39.60 | 36.22% | Buy |
| TTE | TotalEnergies SE | $60.71 | $78.50 | 29.30% | Hold |
| SHEL | Shell | $65.81 | $84.00 | 27.64% | Buy |
| PBR | Petróleo Brasileiro S.A. - Petrobras | $14.21 | $16.30 | 14.71% | Buy |
| CVX | Chevron | $159.60 | $173.19 | 8.52% | Buy |
| XOM | Exxon Mobil | $118.63 | $119.94 | 1.10% | Buy |
| SU | Suncor Energy | $40.98 | $41.28 | 0.73% | Buy |
| YPF | YPF Sociedad Anónima | $35.55 | $22.62 | -36.37% | Hold |