▲ +31.45% Upside Potential
This price target is based on 15 analysts offering 12 month price targets for Cenovus Energy in the last 3 months. The average price target is $8.06, with a high forecast of $11.00 and a low forecast of $5.50. The average price target represents a 31.45% upside from the last price of $6.13.
The current consensus among 15 investment analysts is to hold stock in Cenovus Energy. This rating has held steady since May 2020, when it changed from a Buy consensus rating.
Cenovus Energy Inc., together with its subsidiaries, develops, produces, and markets crude oil, natural gas liquids, and natural gas in Canada and the United States. The company operates through Oil Sands, Deep Basin, and Refining and Marketing segments. The Oil Sands segment develops and produces bitumen in northeast Alberta. Its bitumen assets include Foster Creek, Christina Lake, and Narrows Lake, as well as other projects in the early stages of development. The Deep Basin segment holds assets primarily located in Elmworth-Wapiti, Kaybob-Edson, and Clearwater operating areas of British Columbia and Alberta, as well as various interests in natural gas processing facilities. The Refining and Marketing segment transports, sells, and refines crude oil into petroleum and chemical products. This segment owns a 50% ownership in Wood River and Borger refineries located in the United States; and owns and operates a crude-by-rail terminal in Alberta. Cenovus Energy Inc. was founded in 2009 and is headquartered in Calgary, Canada.