Cenovus Energy Stock Price Target and Analyst Ratings (NYSE:CVE)

Analyst Price Target for CVE

i We calculate 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). Our 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. Our consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

^$8.06

▲ +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.

Hold

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.

Past Monthly Recommendations

Move your mouse over past months for details

0 strong buy ratings
6 buy ratings
7 hold ratings
1 sell ratings

Ratings as of

7/28/2019

0 strong buy ratings
6 buy ratings
7 hold ratings
1 sell ratings

Ratings as of

10/26/2019

0 strong buy ratings
5 buy ratings
4 hold ratings
0 sell ratings

Ratings as of

1/24/2020

0 strong buy ratings
8 buy ratings
4 hold ratings
1 sell ratings

Ratings as of

4/23/2020

0 strong buy ratings
7 buy ratings
5 hold ratings
1 sell ratings

Ratings as of

7/22/2020

0 strong buy ratings
5 buy ratings
7 hold ratings
1 sell ratings

Ratings as of

10/20/2020

0 strong buy ratings
6 buy ratings
7 hold ratings
1 sell ratings

Ratings as of

12/19/2020

0 strong buy ratings
7 buy ratings
7 hold ratings
1 sell ratings

Ratings as of

1/18/2021

Latest Recommendations

Show Most Recent Rating from Each Ratings Firm Show All Ratings

Date	Brokerage	Action	Rating	Price Target	Impact on Share Price	Details
1/14/2021	CIBC	Initiated Coverage	Outperformer	$11.00	High	i
1/14/2021	Scotiabank	Boost Price Target	Sector Perform	$7.00 ➝ $9.25	Low	i
1/13/2021	The Goldman Sachs Group	Initiated Coverage	Buy		High	i
1/11/2021	Barclays	Downgrade	Overweight ➝ Equal Weight	$9.00	Low	i
1/7/2021	TD Securities	Boost Price Target	Buy	$7.00 ➝ $10.50	Medium	i
1/6/2021	National Bank Financial	Boost Price Target	Outperform		N/A	i
12/11/2020	Morgan Stanley	Upgrade	Underweight ➝ Equal Weight	$6.00 ➝ $9.00	Low	i
11/18/2020	Royal Bank of Canada	Boost Price Target	Outperform	$7.00 ➝ $8.50	High	i
11/11/2020	Tudor Pickering	Reiterated Rating	Hold	$5.50	Low	i
10/30/2020	BMO Capital Markets	Lower Price Target	Outperform	$7.50 ➝ $6.00	Low	i
10/27/2020	Stifel Nicolaus	Upgrade	Hold ➝ Buy		High	i
10/26/2020	Stifel Firstegy	Upgrade	Hold ➝ Buy		High	i Rating by M. Dunn at Stifel Firstegy
10/26/2020	National Bank Financial	Boost Price Target	Outperform	$8.00 ➝ $10.00	High	i
10/26/2020	Raymond James	Boost Price Target	Market Perform	$6.00 ➝ $7.50	High	i
10/26/2020	Credit Suisse Group	Downgrade	Outperform ➝ Neutral	$8.00 ➝ $7.00	High	i
10/20/2020	Morgan Stanley	Lower Price Target	Underweight	$8.00 ➝ $6.00	Medium	i
10/1/2020	JPMorgan Chase & Co.	Downgrade	Neutral ➝ Underweight		High	i
9/2/2020	Barclays	Initiated Coverage	Overweight	$8.00	Low	i
7/29/2020	Credit Suisse Group	Reiterated Rating	Buy	$8.00	Low	i
6/29/2020	UBS Group	Boost Price Target	Neutral	$2.70 ➝ $6.00	Low	i
6/11/2020	Scotiabank	Downgrade	Outperform ➝ Sector Perform	$6.50	Medium	i
4/29/2020	Tudor Pickering	Reiterated Rating	Hold		High	i Rating by Matt Murphy, CFA at Tudor Pickering
4/14/2020	Tudor Pickering	Reiterated Rating	Hold		Medium	i Rating by Matt Murphy, CFA at Tudor Pickering
4/2/2020	Tudor Pickering	Reiterated Rating	Hold		Medium	i
3/31/2020	UBS Group	Lower Price Target	Neutral	$13.00 ➝ $2.70	High	i
3/25/2020	Tudor Pickering	Downgrade	Buy ➝ Hold		High	i
3/19/2020	Stifel Firstegy	Downgrade	Buy ➝ Hold		High	i Rating by M. Dunn at Stifel Firstegy
3/13/2020	TD Securities	Lower Price Target	Buy	$16.50 ➝ $6.00	High	i
3/12/2020	Stifel Nicolaus	Downgrade	Buy ➝ Hold		High	i
3/11/2020	JPMorgan Chase & Co.	Lower Price Target	Neutral	$12.00 ➝ $5.50	High	i
3/4/2020	JPMorgan Chase & Co.	Downgrade	Overweight ➝ Neutral	$15.00 ➝ $12.00	Low	i
2/13/2020	TD Securities	Reiterated Rating	Buy	$16.50	Low	i
12/11/2019	Royal Bank of Canada	Reiterated Rating	Buy		Low	i Rating by Gregory Pardy at Royal Bank of Canada
11/2/2019	Raymond James	Set Price Target	Hold	$13.00	Medium	i
10/31/2019	AltaCorp Capital	Upgrade	Sector Perform ➝ Outperform		Medium	i Rating by N. Lupick at AltaCorp Capital
10/22/2019	Morgan Stanley	Downgrade	Equal ➝ Equal Weight		Low	i
10/18/2019	Royal Bank of Canada	Lower Price Target	Buy	$17.00 ➝ $15.00	Medium	i
10/15/2019	CIBC	Set Price Target	Buy	$16.00	Low	i Rating by Jon Morrison at CIBC
10/7/2019	Citigroup	Upgrade	Neutral ➝ Buy		Low	i
10/7/2019	AltaCorp Capital	Upgrade	Sector Perform ➝ Outperform		Low	i Rating by N. Lupick at AltaCorp Capital
10/3/2019	UBS Group	Boost Price Target	Neutral	$12.50 ➝ $13.00	Low	i
9/27/2019	CIBC	Set Price Target	Buy	$16.50	High	i Rating by Jon Morrison at CIBC
9/26/2019	The Goldman Sachs Group	Upgrade	Neutral ➝ Buy	$12.00	Low	i
7/18/2019	CIBC	Upgrade	Neutral ➝ Outperform		Medium	i
4/25/2019	GMP Securities	Reiterated Rating	Buy	$17.50	Medium	i
4/16/2019	The Goldman Sachs Group	Upgrade	Sell ➝ Neutral	$11.00	Low	i
1/31/2019	CIBC	Downgrade	Sector Outperform ➝ Neutral		Medium	i Rating by Jon Morrison at CIBC
1/29/2019	Morgan Stanley	Reiterated Rating	Hold		Medium	i Rating by Benny Wong at Morgan Stanley
1/28/2019	Credit Suisse Group	Initiated Coverage	Outperform ➝ Outperform	$15.00	Low	i
1/7/2019	AltaCorp Capital	Downgrade	Outperform ➝ Sector Perform		Medium	i Rating by N. Lupick at AltaCorp Capital
1/7/2019	BMO Capital Markets	Reiterated Rating	Average	$13.50	Low	i
1/7/2019	Royal Bank of Canada	Reiterated Rating	Buy	$13.00	Low	i
12/11/2018	Raymond James	Downgrade	Hold		High	i Rating by Chris Cox at Raymond James
12/11/2018	JPMorgan Chase & Co.	Reiterated Rating	Buy		Low	i
12/10/2018	Tudor Pickering	Upgrade	Hold ➝ Buy		Low	i
11/22/2018	CIBC	Reiterated Rating	Buy		High	i Rating by Jon Morrison at CIBC
11/20/2018	Canaccord Genuity	Set Price Target	Hold	$13.00	Medium	i Rating by Dennis Fong at Canaccord Genuity
11/20/2018	Morgan Stanley	Lower Price Target	Equal Weight ➝ Equal Weight	$17.00 ➝ $15.00	Low	i
11/1/2018	Raymond James	Reiterated Rating	Hold		Low	i Rating by Chris Cox at Raymond James
10/30/2018	Scotiabank	Upgrade	Sector Perform ➝ Buy		Low	i Rating by Jason Bouvier at Scotiabank
10/22/2018	TD Securities	Upgrade	Hold ➝ Buy		Medium	i
10/16/2018	Canaccord Genuity	Reiterated Rating	Hold		Low	i
10/5/2018	CIBC	Initiated Coverage	Sector Outperform ➝ Sector Outperform		Medium	i
9/10/2018	JPMorgan Chase & Co.	Upgrade	Neutral ➝ Overweight		Low	i
9/7/2018	The Goldman Sachs Group	Downgrade	Neutral ➝ Sell		Low	i
8/16/2018	Canaccord Genuity	Downgrade	Buy ➝ Hold		High	i
8/14/2018	Tudor Pickering	Downgrade	Buy ➝ Hold		High	i
8/1/2018	Macquarie	Upgrade	Underperform ➝ Neutral		Low	i
5/31/2018	National Bank Financial	Upgrade	Sector Perform Overweight ➝ Outperform Overweight		Low	i Rating by T. Wood at National Bank Financial
5/23/2018	Morgan Stanley	Boost Price Target	Equal Weight ➝ Equal Weight	$13.00 ➝ $17.00	Low	i
5/17/2018	BMO Capital Markets	Upgrade	Market Perform ➝ Outperform	$15.00 ➝ $17.00	High	i
4/24/2018	Raymond James	Upgrade	Underperform ➝ Market Perform		Low	i
4/16/2018	Morgan Stanley	Lower Price Target	Equal Weight ➝ Equal Weight	$15.00 ➝ $13.00	Low	i
4/5/2018	Bank of America	Initiated Coverage	Neutral ➝ Neutral	$9.00	High	i
3/28/2018	Tudor Pickering	Upgrade	Hold ➝ Buy		Low	i
3/7/2018	UBS Group	Initiated Coverage	Neutral		High	i
2/16/2018	AltaCorp Capital	Upgrade	Sector Perform ➝ Outperform		N/A	i Rating by N. Lupick at AltaCorp Capital
1/12/2018	Desjardins	Reiterated Rating	Buy ➝ Hold		Low	i
11/15/2017	Scotiabank	Downgrade	Outperform ➝ Sector Perform		N/A	i
11/9/2017	AltaCorp Capital	Downgrade	Outperform ➝ Sector Perform		N/A	i Rating by N. Lupick at AltaCorp Capital
10/30/2017	Canaccord Genuity	Reiterated Rating	Buy	$15.50	N/A	i Rating by Dennis Fong at Canaccord Genuity
10/19/2017	Canaccord Genuity	Reiterated Rating	Buy	$15.50	N/A	i Rating by Dennis Fong at Canaccord Genuity
10/16/2017	Royal Bank of Canada	Reiterated Rating	Buy	$15.00	N/A	i
10/13/2017	Morgan Stanley	Set Price Target	Buy	$11.00 ➝ $15.00	N/A	i
9/25/2017	Canaccord Genuity	Reiterated Rating	Buy	$14.50	Low	i Rating by Dennis Fong at Canaccord Genuity
9/5/2017	Canaccord Genuity	Reiterated Rating	Buy	$14.00	Low	i Rating by Dennis Fong at Canaccord Genuity
7/19/2017	Morgan Stanley	Downgrade	Overweight ➝ Equal Weight		High	i
7/12/2017	Barclays	Reiterated Rating	Overweight	$15.00 ➝ $22.00	Low	i
7/5/2017	Raymond James	Downgrade	Market Perform ➝ Underperform		Low	i
7/5/2017	UBS Group	Downgrade	Market Perform ➝ Underperform		N/A	i
6/27/2017	National Bank Financial	Initiated Coverage	Sector Perform		Medium	i
6/22/2017	The Goldman Sachs Group	Reiterated Rating	Neutral ➝ Neutral	$8.00	Low	i
6/21/2017	Canaccord Genuity	Upgrade	Hold ➝ Buy		High	i
6/21/2017	Macquarie	Downgrade	Neutral ➝ Underperform		High	i Rating by Brian Bagnell at Macquarie
5/26/2017	Credit Suisse Group	Reiterated Rating	Outperform ➝ Outperform		High	i
4/26/2017	Canaccord Genuity	Reiterated Rating	Hold	$16.50	High	i
3/30/2017	Macquarie	Upgrade	Underperform ➝ Neutral		High	i
3/24/2017	TD Securities	Upgrade	Hold ➝ Buy		Low	i
3/8/2017	The Goldman Sachs Group	Lower Price Target	Sell	$13.00 ➝ $12.00	High	i
2/16/2017	Societe Generale	Upgrade	Hold ➝ Buy		N/A	i
1/24/2017	Macquarie	Downgrade	Neutral ➝ Underperform		N/A	i
1/23/2017	The Goldman Sachs Group	Downgrade	Buy ➝ Sell	$13.00	N/A	i
12/13/2016	Edward Jones	Downgrade	Buy ➝ Hold		N/A	i
12/10/2016	TD Securities	Reiterated Rating	Hold	$21.00	N/A	i
12/10/2016	Scotiabank	Reiterated Rating	Outperform	$21.00	N/A	i
12/10/2016	Royal Bank of Canada	Reiterated Rating	Outperform	$24.00 ➝ $25.00	N/A	i
11/28/2016	The Goldman Sachs Group	Downgrade	Conviction-Buy ➝ Buy		N/A	i
10/29/2016	TD Securities	Reiterated Rating	Hold	$21.00	N/A	i
10/29/2016	Scotiabank	Reiterated Rating	Outperform	$20.00 ➝ $21.00	N/A	i
10/26/2016	Royal Bank of Canada	Reiterated Rating	Outperform	$23.00	N/A	i
10/10/2016	Barclays	Reiterated Rating	Overweight	$24.00	N/A	i
9/26/2016	Nomura Securities	Reiterated Rating	Hold		N/A	i
8/19/2016	Bank of America	Initiated Coverage	Neutral	$17.00	N/A	i
8/10/2016	TD Securities	Downgrade	Buy ➝ Hold	$21.00	N/A	i
7/31/2016	TD Securities	Reiterated Rating	Buy	$21.00	N/A	i
7/31/2016	Scotiabank	Reiterated Rating	Outperform	$20.00	N/A	i
7/29/2016	Credit Suisse Group	Reiterated Rating	Buy	$22.00	N/A	i Rating by Jason Frew at Credit Suisse Group AG
7/29/2016	JPMorgan Chase & Co.	Boost Price Target	Neutral	$19.00 ➝ $20.00	N/A	i
7/13/2016	Barclays	Upgrade	Underweight ➝ Overweight	$20.00 ➝ $24.00	N/A	i
7/10/2016	Credit Suisse Group	Reiterated Rating	Buy		N/A	i Rating by Jason Frew at Credit Suisse Group AG
6/21/2016	Royal Bank of Canada	Reiterated Rating	Outperform	$23.00	N/A	i
6/13/2016	Morgan Stanley	Upgrade	Equal Weight ➝ Overweight		N/A	i
6/8/2016	The Goldman Sachs Group	Reiterated Rating	Conviction-Buy		N/A	i Rating by Neil Mehta at The Goldman Sachs Group, Inc.
5/1/2016	UBS Group	Reiterated Rating	Neutral	$18.00 ➝ $19.00	N/A	i
5/1/2016	TD Securities	Reiterated Rating	Buy	$21.00 ➝ $22.00	N/A	i
5/1/2016	National Bank Financial	Reiterated Rating	Outperform	$19.00 ➝ $22.00	N/A	i
5/1/2016	Barclays	Reiterated Rating	Underweight	$19.00 ➝ $20.00	N/A	i
4/28/2016	Royal Bank of Canada	Boost Price Target	Outperform	$22.00 ➝ $23.00	N/A	i
4/27/2016	The Goldman Sachs Group	Reiterated Rating	Buy		N/A	i Rating by Neil Mehta at The Goldman Sachs Group, Inc.
3/21/2016	The Goldman Sachs Group	Reiterated Rating	Buy		N/A	i Rating by Neil Mehta at The Goldman Sachs Group, Inc.
3/11/2016	The Goldman Sachs Group	Upgrade	Buy ➝ Conviction-Buy	$16.00	N/A	i Rating by Neil Mehta at The Goldman Sachs Group, Inc.
2/16/2016	TD Securities	Reiterated Rating	Buy	$21.00 ➝ $20.00	N/A	i
2/14/2016	BMO Capital Markets	Reiterated Rating	Market Perform	$18.00	N/A	i
2/11/2016	National Bank Financial	Upgrade	Sector Perform ➝ Outperform		N/A	i Rating by K. Preston at National Bank Financial
1/26/2016	Raymond James	Downgrade	Outperform ➝ Market Perform		N/A	i
1/26/2016	The Goldman Sachs Group	Upgrade	Neutral ➝ Buy		N/A	i
1/26/2016	UBS Group	Downgrade	Buy ➝ Neutral	$18.00	N/A	i
1/21/2016	Nomura Securities	Upgrade	Reduce ➝ Neutral		N/A	i

(Data available from 1/18/2016 forward)

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.

Today's Range

Now: $6.13

$6.12

$6.49

50 Day Range

MA: $5.96

$4.96

$6.81

52 Week Range

Now: $6.13

$1.41

$9.60

Volume

14,182,466 shs

Average Volume

13,696,570 shs

Market Capitalization

$7.53 billion

P/E Ratio

N/A

Dividend Yield

0.82%

Beta

3.12

Frequently Asked Questions

What sell-side analysts currently cover shares of Cenovus Energy?

The following Wall Street research analysts have issued reports on Cenovus Energy in the last year: Barclays PLC, BMO Capital Markets, CIBC, Credit Suisse Group AG, JPMorgan Chase & Co., Morgan Stanley, National Bank Financial, Raymond James, Royal Bank of Canada, Scotiabank, Stifel Firstegy, Stifel Nicolaus, TD Securities, The Goldman Sachs Group, Inc., TheStreet, Tudor Pickering, UBS Group AG, and Zacks Investment Research.

What is the current price target for Cenovus Energy?

13 Wall Street analysts have set twelve-month price targets for Cenovus Energy in the last year. Their average twelve-month price target is $8.06, suggesting a possible upside of 31.4%. CIBC has the highest price target set, predicting CVE will reach $11.00 in the next twelve months. JPMorgan Chase & Co. has the lowest price target set, forecasting a price of $5.50 for Cenovus Energy in the next year.

What is the current consensus analyst rating for Cenovus Energy?

Cenovus Energy currently has 1 sell rating, 7 hold ratings and 7 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Hold." A "hold" rating indicates that analysts believe investors should keep any existing positions they have in CVE, but not buy more shares or sell existing shares.

What other companies compete with Cenovus Energy?

Other companies that are similar to Cenovus Energy include Canadian Natural Resources, Ecopetrol, RWE Aktiengesellschaft, The Hong Kong and China Gas, Pioneer Natural Resources, Occidental Petroleum, Woodside Petroleum, Denbury, Concho Resources, Toray Industries, Diamondback Energy, Galp Energia, SGPS, Cabot Oil & Gas, Devon Energy and Continental Resources.

How do I contact Cenovus Energy's investor relations team?

Cenovus Energy's physical mailing address is 4100 225 6 AVENUE SW, CALGARY A0, T2P 1N2. The oil and gas company's listed phone number is 403-766-2000 and its investor relations email address is investor.relations@cenovus.com. The official website for Cenovus Energy is www.cenovus.com.

NYSE:CVE - Cenovus Energy Stock Price Target and Predictions

Analyst Price Target for CVE

Past Monthly Recommendations

Latest Recommendations

Today's Range

50 Day Range

52 Week Range

Volume

Average Volume

Market Capitalization

P/E Ratio

Dividend Yield

Beta

Frequently Asked Questions

What sell-side analysts currently cover shares of Cenovus Energy?

What is the current price target for Cenovus Energy?

What is the current consensus analyst rating for Cenovus Energy?

What other companies compete with Cenovus Energy?

How do I contact Cenovus Energy's investor relations team?