S&P 500   4,538.43
DOW   34,580.08
QQQ   383.13
S&P 500   4,538.43
DOW   34,580.08
QQQ   383.13
S&P 500   4,538.43
DOW   34,580.08
QQQ   383.13
S&P 500   4,538.43
DOW   34,580.08
QQQ   383.13
NYSE:CVE

Cenovus Energy Price Target, Predictions & Analyst Ratings

$11.85
-0.23 (-1.90%)
(As of 12/3/2021 04:00 PM ET)
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Today's Range
$11.72
$12.41
50-Day Range
$9.91
$13.16
52-Week Range
$5.44
$13.48
Volume
9.01 million shs
Average Volume
9.81 million shs
Market Capitalization
$23.91 billion
P/E Ratio
42.32
Dividend Yield
0.46%
Beta
3.01

Cenovus Energy (NYSE:CVE) Price Target and Consensus Rating

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 (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = 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.

Analyst Rating Consensus

Buy
Based on 16 Analyst Ratings

Analyst Price Target Consensus

$17.31
46.06% Upside

High PT$22.00
Average PT$17.31
Low PT$12.00
TypeCurrent
12/5/20 to 12/5/21
1 Month Ago
11/5/20 to 11/5/21
3 Months Ago
9/6/20 to 9/6/21
1 Year Ago
12/6/19 to 12/5/20
Consensus Rating
Buy
Buy
Buy
Hold
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
15 Buy rating(s)
15 Buy rating(s)
14 Buy rating(s)
7 Buy rating(s)
Hold
1 Hold rating(s)
1 Hold rating(s)
3 Hold rating(s)
5 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
2 Sell rating(s)
Consensus Price Target$17.31$16.96$13.50$6.88
Price Target Upside46.06% Upside67.08% Upside81.37% Upside74.11% Upside
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Analyst Ratings 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.
Skip Chart & View Analyst Rating History

Average Share Price and Price Target 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.
Skip Chart and View Analyst Price Target HistorySkip Chart & View Price History Table

Cenovus Energy (NYSE:CVE) vs. Its Competitors

TypeCenovus EnergyOils/Energy CompaniesS&P 500
Consensus Rating Score
2.94
2.44
2.56
Consensus RatingBuyHoldBuy
Price Target Upside46.06% Upside48.07% Upside13.88% Upside
News Sentiment RatingNeutral News
Positive News
Neutral News
MarketBeat
Community Rating
Outperform Votes
613
61.48%
Underperform Votes
384
38.52%
Avg. Outperform Votes
270
65.06%
Avg. Underperform Votes
145
34.94%
Avg. Outperform Votes
834
69.44%
Avg. Underperform Votes
367
30.56%

Cenovus Energy (NYSE:CVE) Analyst Ratings History

DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
11/19/2021Scotiabank
Boost Price TargetOutperformC$16.50 ➝ C$19.00+56.90%
11/8/2021Credit Suisse Group
Manav Gupta
Boost Price TargetOutperformC$18.00 ➝ C$20.00+53.49%
11/4/2021Raymond James
George Huang
Boost Price TargetOutperformC$18.00 ➝ C$19.00+55.23%
11/4/2021TD Securities
Boost Price TargetBuyC$19.50 ➝ C$21.00+69.35%
10/28/2021ATB Capital
Reiterated RatingBuyC$19.50+69.42%
10/15/2021CIBC
Boost Price TargetOutperformC$20.00 ➝ C$22.00+87.23%
10/7/2021Morgan Stanley
Initiated CoverageOverweight$18.00+70.29%
9/28/2021The Goldman Sachs Group
Boost Price TargetBuy$11.00 ➝ $12.50+26.01%
9/27/2021BMO Capital Markets
Reiterated RatingBuy
7/30/2021Royal Bank of Canada
Boost Price TargetOutperformC$15.00 ➝ C$16.00+91.85%
7/19/2021National Bank Financial
Travis Wood
Boost Price TargetOutperformC$19.50 ➝ C$20.00+161.10%
7/16/2021Barclays
Boost Price TargetEqual WeightC$11.00 ➝ C$12.00+41.34%
6/15/2021UBS Group
UpgradeNeutral ➝ Buy
6/8/2021JPMorgan Chase & Co.
UpgradeNeutral ➝ Overweight
4/15/2021Tudor Pickering
Reiterated RatingBuy$12.00+49.81%
3/26/2021Desjardins
UpgradeHold ➝ Buy$8.00 ➝ $14.00+82.77%
10/27/2020Stifel Nicolaus
UpgradeHold ➝ Buy
10/26/2020Stifel Firstegy
M. Dunn
UpgradeHold ➝ Buy
10/31/2019AltaCorp Capital
N. Lupick
UpgradeSector Perform ➝ Outperform
10/7/2019Citigroup
UpgradeNeutral ➝ Buy
4/25/2019GMP Securities
Reiterated RatingBuy$17.50+72.41%
(Data available from 12/5/2016 forward. View 10+ years of historical ratings with our analyst ratings screener.)












Cenovus Energy (NYSE:CVE) Analyst Ratings Frequently Asked Questions

What is Cenovus Energy's consensus rating and price target?

According to the issued ratings of 16 analysts in the last year, the consensus rating for Cenovus Energy stock is Buy based on the current 1 hold rating and 15 buy ratings for CVE. The average twelve-month price target for Cenovus Energy is $17.31 with a high price target of $22.00 and a low price target of $12.00. Learn more on CVE's analyst rating history

Do Wall Street analysts like Cenovus Energy more than its competitors?

Analysts like Cenovus Energy stock more than the stock of other Oils/Energy companies. The consensus rating for Cenovus Energy is Buy while the average consensus rating for oils/energy companies is Hold. Learn more on how CVE compares to other companies

Do MarketBeat users like Cenovus Energy more than its competitors?

MarketBeat users like Cenovus Energy stock less than the stock of other Oils/Energy companies. 61.48% of MarketBeat users gave Cenovus Energy an outperform vote while oils/energy companies recieve an average of 65.06% outperform votes by MarketBeat users.

Does Cenovus Energy's stock price have much upside?

According to analysts, Cenovus Energy's stock has a predicted upside of 68.30% based on their 12-month price targets.

What analysts cover Cenovus Energy?

This page was last updated on 12/5/2021 by MarketBeat.com Staff

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