Cenovus Energy (CVE) Stock Forecast & Price Target

$13.29 -0.25 (-1.85%)

As of 05/20/2025 03:58 PM Eastern

Cenovus Energy - Analysts' Recommendations and Stock Price Forecast (2025)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 9 Analyst Ratings

Sell
0

Hold
4

Buy
5

Based on 9 Wall Street analysts who have issued ratings for Cenovus Energy in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 9 analysts, 4 have given a hold rating, 4 have given a buy rating, and 1 has given a strong buy rating for CVE.

Consensus Price Target

$25.75
93.75% Upside

According to the 9 analysts' twelve-month price targets for Cenovus Energy, the average price target is $25.75. The highest price target for CVE is $34.00, while the lowest price target for CVE is $16.00. The average price target represents a forecasted upside of 93.75% from the current price of $13.29.

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CVE Analyst Ratings Over Time

Type	Current Forecast 5/21/24 to 5/21/25	1 Month Ago 4/21/24 to 4/21/25	3 Months Ago 2/21/24 to 2/20/25	1 Year Ago 5/22/23 to 5/21/24
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	4 Buy rating(s)	3 Buy rating(s)	5 Buy rating(s)	5 Buy rating(s)
Hold	4 Hold rating(s)	2 Hold rating(s)	1 Hold rating(s)	0 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$25.75	$29.00	$30.00	$26.67
Forecasted Upside	93.75% Upside	143.90% Upside	96.00% Upside	31.56% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Buy

CVE Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

CVE Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Cenovus Energy Stock vs. The Competition

Type	Cenovus Energy	Energy Companies	S&P 500
Consensus Rating Score	2.67	2.69	2.54
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	93.75% Upside	865.18% Upside	13.03% Upside
News Sentiment Rating	Positive News See Recent CVE News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
5/14/2025	Veritas 0 of 5 stars	D. Mccoubrey Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Strong-Buy ➝ Hold
4/30/2025	The Goldman Sachs Group 3 of 5 stars	Neil Mehta Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy ➝ Buy	$18.00 ➝ $16.00	+36.75%
4/25/2025	National Bankshares 2 of 5 stars		Reiterated Rating	Sector Perform ➝ Sector Perform
4/15/2025	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Overweight ➝ Overweight
4/11/2025	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating	Greg Pardy Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Outperform ➝ Outperform	$25.00 ➝ $25.00	+127.38%
3/19/2025	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating	K. Fisk Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
2/21/2025	National Bank Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	T. Wood Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Sector Perform
11/1/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$31.00 ➝ $28.00	+74.13%
10/1/2024	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Hulshof Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Strong-Buy ➝ Hold
5/28/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Mccrea Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Moderate Buy
2/23/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Buy

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 01:27 AM ET.

Should I Buy Cenovus Energy Stock? CVE Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Monday, May 19, 2025. Please send any questions or comments about these Cenovus Energy pros and cons to contact@marketbeat.com.

Cenovus Energy
Bull Case

Here are some ways that investors could benefit from investing in Cenovus Energy Inc.:

The current stock price is around C$21.08, which may present a buying opportunity for investors looking for value in the energy sector.
Cenovus Energy Inc. has a strong market capitalization of approximately C$39.21 billion, indicating a solid position in the market and potential for growth.
The company recently announced a quarterly dividend of $0.18 per share, reflecting a commitment to returning value to shareholders, with an annualized yield of 3.42%.
Analysts have shown confidence in Cenovus Energy Inc., with several firms raising their target prices, suggesting potential upside for investors.
The company has a relatively low debt-to-equity ratio of 33.34, indicating a manageable level of debt compared to its equity, which can be a positive sign for financial stability.

Cenovus Energy
Bear Case

Investors should be bearish about investing in Cenovus Energy Inc. for these reasons:

The stock has experienced fluctuations, with a 52-week high of C$29.96 and a low of C$19.82, indicating volatility that may concern risk-averse investors.
Recent analyst downgrades have occurred, with some firms lowering their target prices, which could signal a lack of confidence in the stock's near-term performance.
The company has a P/E ratio of 8.40, which, while low, may suggest that the stock is undervalued or that investors are cautious about future earnings growth.
Market conditions in the energy sector can be unpredictable, influenced by factors such as oil prices and regulatory changes, which may pose risks to investment returns.
The dividend payout ratio is currently at 28.69%, which, while sustainable, indicates that a significant portion of earnings is being returned to shareholders rather than reinvested in growth opportunities.

CVE Forecast - Frequently Asked Questions

: According to the research reports of 9 Wall Street equities research analysts, the average twelve-month stock price forecast for Cenovus Energy is $25.75, with a high forecast of $34.00 and a low forecast of $16.00.
: 9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Cenovus Energy in the last year. There are currently 4 hold ratings, 4 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" CVE shares.
: According to analysts, Cenovus Energy's stock has a predicted upside of 93.75% based on their 12-month stock forecasts.
: Over the previous 90 days, Cenovus Energy's stock had 2 downgrades and 1 upgrade by analysts.
: Cenovus Energy has been rated by research analysts at Morgan Stanley, National Bank Financial, National Bankshares, Royal Bank of Canada, Scotiabank, The Goldman Sachs Group, and Veritas in the past 90 days.
: Analysts like Cenovus Energy less than other "energy" companies. The consensus rating score for Cenovus Energy is 2.67 while the average consensus rating score for "energy" companies is 2.69. Learn more on how CVE compares to other companies.

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This page (NYSE:CVE) was last updated on 5/21/2025 by MarketBeat.com Staff

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Cenovus Energy (CVE) Stock Forecast & Price Target