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Considerations When Rolling Over a 401(k) into a Roth IRA
See how to make money instead of spending it on Black Friday with this offer (Ad)
Airbnb has a plan to fix cleaning fees
Saudi viewers angry over apparent ban on World Cup streaming
THE BEST BLACK FRIDAY DEAL YET (Ad)
Walmart shooting claims teen, young woman, father, mother
Cuba's informal market finds new space on growing internet
THE BEST BLACK FRIDAY DEAL YET (Ad)
Bird flu prompts slaughter of 1.8M chickens in Nebraska
US-England World Cup game seen by 19.98M on US television
S&P 500   4,026.12
DOW   34,347.03
QQQ   286.92
Considerations When Rolling Over a 401(k) into a Roth IRA
See how to make money instead of spending it on Black Friday with this offer (Ad)
Airbnb has a plan to fix cleaning fees
Saudi viewers angry over apparent ban on World Cup streaming
THE BEST BLACK FRIDAY DEAL YET (Ad)
Walmart shooting claims teen, young woman, father, mother
Cuba's informal market finds new space on growing internet
THE BEST BLACK FRIDAY DEAL YET (Ad)
Bird flu prompts slaughter of 1.8M chickens in Nebraska
US-England World Cup game seen by 19.98M on US television
S&P 500   4,026.12
DOW   34,347.03
QQQ   286.92
Considerations When Rolling Over a 401(k) into a Roth IRA
See how to make money instead of spending it on Black Friday with this offer (Ad)
Airbnb has a plan to fix cleaning fees
Saudi viewers angry over apparent ban on World Cup streaming
THE BEST BLACK FRIDAY DEAL YET (Ad)
Walmart shooting claims teen, young woman, father, mother
Cuba's informal market finds new space on growing internet
THE BEST BLACK FRIDAY DEAL YET (Ad)
Bird flu prompts slaughter of 1.8M chickens in Nebraska
US-England World Cup game seen by 19.98M on US television
NYSE:CVE

Cenovus Energy - CVE Price Target & Analyst Ratings

$20.11
-0.15 (-0.74%)
(As of 11/25/2022 08:57 PM ET)
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Today's Range
$20.08
$20.41
50-Day Range
$14.60
$21.61
52-Week Range
$10.72
$24.91
Volume
1.77 million shs
Average Volume
10.55 million shs
Market Capitalization
$38.59 billion
P/E Ratio
10.01
Dividend Yield
1.49%
Price Target
$29.56

Cenovus Energy Consensus Rating and Price Target (2022)

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 Analyst Rating

Moderate Buy
Based on 5 Analyst Ratings

Consensus Analyst Price Target

$28.67
42.55% Upside
High Prediction$37.00
Average Prediction$28.67
Low Prediction$23.00
TypeCurrent
11/28/21 to 11/28/22
1 Month Ago
10/29/21 to 10/29/22
3 Months Ago
8/30/21 to 8/30/22
1 Year Ago
11/28/20 to 11/28/21
Consensus Rating
Moderate Buy
Buy
Buy
Moderate Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
4 Buy rating(s)
8 Buy rating(s)
11 Buy rating(s)
15 Buy rating(s)
Hold
1 Hold rating(s)
0 Hold rating(s)
0 Hold rating(s)
1 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$28.67$29.00$26.25$13.13
Predicted Upside42.55% Upside78.82% Upside79.27% Upside40.90% Upside
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CVE 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.
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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.
Skip Chart and View Analyst Price Target HistorySkip Chart & View Price History Table

Cenovus Energy Stock vs. The Competition

TypeCenovus EnergyOils/Energy CompaniesS&P 500
Consensus Rating Score
2.80
2.61
2.48
Consensus RatingModerate BuyBuyHold
Predicted Upside42.55% Upside95.84% Upside12.75% Upside
News Sentiment RatingNeutral News
Positive News
Neutral News
MarketBeat
Community Rating
Outperform Votes
626
60.72%
Underperform Votes
405
39.28%
Avg. Outperform Votes
186
64.14%
Avg. Underperform Votes
104
35.86%
Avg. Outperform Votes
853
68.19%
Avg. Underperform Votes
398
31.81%

Historical Target Prices and Ratings

DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
11/21/2022Credit Suisse Group
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 Lower TargetC$37.00 ➝ C$35.00
11/21/2022The Goldman Sachs Group
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 DowngradeBuy ➝ Neutral$23.00+13.58%
11/3/2022Raymond James
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 Boost TargetC$30.00 ➝ C$32.00
11/3/2022Royal Bank of Canada
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 Boost TargetC$31.00 ➝ C$32.00
10/19/2022Jefferies Financial Group
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 Initiated CoverageBuy
10/13/2022Scotiabank
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 Lower TargetC$34.00 ➝ C$33.00
9/30/2022National Bank Financial
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 Lower TargetC$38.00 ➝ C$36.00
5/16/2022Cormark
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 Lower Target$32.00 ➝ $26.00+26.03%
4/14/2022CIBC
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 Boost TargetC$28.00 ➝ C$30.00
12/17/2021Tudor Pickering
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 Reiterated RatingBuyC$19.00
11/4/2021TD Securities
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 Boost TargetBuyC$19.50 ➝ C$21.00
10/28/2021ATB Capital
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 Reiterated RatingBuyC$19.50
10/7/2021Morgan Stanley
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 Initiated CoverageOverweight$18.00+70.29%
9/27/2021BMO Capital Markets
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 Reiterated RatingBuy
7/16/2021Barclays
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 Boost TargetEqual WeightC$11.00 ➝ C$12.00
6/15/2021UBS Group
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 UpgradeNeutral ➝ Buy
6/8/2021JPMorgan Chase & Co.
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 UpgradeNeutral ➝ Overweight
3/26/2021Desjardins
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 UpgradeHold ➝ Buy$8.00 ➝ $14.00+82.77%
10/27/2020Stifel Nicolaus
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 UpgradeHold ➝ Buy
10/26/2020Stifel Firstegy
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M. Dunn
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UpgradeHold ➝ Buy
(Data available from 11/28/2017 forward. View 10+ years of historical ratings with our analyst ratings screener.)












CVE Price Target - Frequently Asked Questions

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

According to the issued ratings of 5 analysts in the last year, the consensus rating for Cenovus Energy stock is Moderate Buy based on the current 1 hold rating and 4 buy ratings for CVE. The average twelve-month price prediction for Cenovus Energy is $28.67 with a high price target of $37.00 and a low price target of $23.00. Learn more on CVE's analyst rating history.

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

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

Do MarketBeat users like Cenovus Energy more than its competitors?

MarketBeat users like Cenovus Energy less than other Oils/Energy companies. 60.72% of MarketBeat users gave Cenovus Energy an outperform vote while oils/energy companies recieve an average of 64.31% outperform votes by MarketBeat users.

Is Cenovus Energy being downgraded by Wall Street analysts?

Over the previous 90 days, Cenovus Energy's stock had 1 downgrade by analysts.

Does Cenovus Energy's stock price have much upside?

According to analysts, Cenovus Energy's stock has a predicted upside of 60.64% based on their 12-month price targets.

What analysts cover Cenovus Energy?

Stock Ratings Reports and Tools

This page (NYSE:CVE) was last updated on 11/28/2022 by MarketBeat.com Staff