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Cenovus Energy Analyst Ratings and Price Targets | NYSE:CVE | Benzinga
Cenovus Energy Corp has a consensus price target of $567.61 based on the ratings of 38 analysts. The high is $1350 issued by HSBC on May 10, 2024<. The low is $100 issued by Deutsche Bank on August 5, 2024. The 3 most-recent analyst ratings were released by New Street Research, Goldman Sachs, and Deutsche Bank on August 6, 2024, August 5, 2024, and August 5, 2024, respectively. With an average price target of $118.33 between New Street Research, Goldman Sachs, and Deutsche Bank, there's an implied 0.21% upside for Cenovus Energy Corp from these most-recent analyst ratings.
Analyst Firms Making Recommendations1
RBC Capital
BMO Capital
Scotiabank
Morgan Stanley
National Bank Financial Inc
1calculated from analyst ratings
Analyst Ratings for Cenovus Energy
| Buy Now | Get Alert | |||||||
|---|---|---|---|---|---|---|---|---|
| 02/21/2025 | Buy Now | — | RBC Capital | Greg Pardy59% | $26 → $25 | Maintains | Outperform | Get Alert |
| 01/06/2025 | Buy Now | — | RBC Capital | Greg Pardy59% | $28 → $28 | Reiterates | Outperform → Outperform | Get Alert |
| 11/01/2024 | Buy Now | — | BMO Capital | Randy Ollenberger26% | $31 → $28 | Maintains | Outperform | Get Alert |
| 10/04/2024 | Buy Now | — | BMO Capital | Randy Ollenberger26% | $33 → $31 | Maintains | Outperform | Get Alert |
| 07/12/2024 | Buy Now | — | Scotiabank | Jason Bouvier40% | $35 → $34 | Maintains | Sector Outperform | Get Alert |
| 03/28/2024 | Buy Now | — | Morgan Stanley | Benny Wong62% | $28 → $30 | Maintains | Overweight | Get Alert |
| 01/26/2024 | Buy Now | — | RBC Capital | Greg Pardy59% | $28 → $28 | Reiterates | Outperform → Outperform | Get Alert |
| 06/29/2023 | Buy Now | — | National Bank Financial Inc | Travis Wood71% | $38 → $33 | Maintains | Outperform | Get Alert |
| 06/06/2023 | Buy Now | — | Goldman Sachs | Neil Mehta69% | $20 → $22 | Upgrade | Neutral → Buy | Get Alert |
| 05/30/2023 | Buy Now | — | RBC Capital | Gregory Pardy1% | $28 → $28 | Reiterates | Outperform → Outperform | Get Alert |
| 04/27/2023 | Buy Now | — | RBC Capital | Gregory Pardy1% | $29 → $28 | Maintains | Outperform | Get Alert |
| 11/21/2022 | Buy Now | — | Goldman Sachs | Neil Mehta69% | → $23 | Downgrade | Buy → Neutral | Get Alert |
| 08/11/2022 | Buy Now | — | Credit Suisse | William Janela50% | → $37 | Assumes | → Outperform | Get Alert |
| 06/09/2022 | Buy Now | — | Credit Suisse | Manav Gupta53% | $32 → $37 | Maintains | Outperform | Get Alert |
| 05/20/2022 | Buy Now | — | Goldman Sachs | Neil Mehta69% | $21 → $24 | Maintains | Buy | Get Alert |
FAQ
What is the target price for Cenovus Energy (CVE) stock?
The latest price target for Cenovus Energy (NYSE:CVE) was reported by RBC Capital on February 21, 2025. The analyst firm set a price target for $25.00 expecting CVE to rise to within 12 months (a possible 74.34% upside). 6 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for Cenovus Energy (CVE)?
The latest analyst rating for Cenovus Energy (NYSE:CVE) was provided by RBC Capital, and Cenovus Energy maintained their outperform rating.
When was the last upgrade for Cenovus Energy (CVE)?
The last upgrade for Cenovus Energy Inc happened on June 6, 2023 when Goldman Sachs raised their price target to $22. Goldman Sachs previously had a neutral for Cenovus Energy Inc.
When was the last downgrade for Cenovus Energy (CVE)?
The last downgrade for Cenovus Energy Inc happened on November 21, 2022 when Goldman Sachs changed their price target from N/A to $23 for Cenovus Energy Inc.
When is the next analyst rating going to be posted or updated for Cenovus Energy (CVE)?
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Cenovus Energy, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Cenovus Energy was filed on February 21, 2025 so you should expect the next rating to be made available sometime around February 21, 2026.
Is the Analyst Rating Cenovus Energy (CVE) correct?
While ratings are subjective and will change, the latest Cenovus Energy (CVE) rating was a maintained with a price target of $26.00 to $25.00. The current price Cenovus Energy (CVE) is trading at is $14.34, which is out of the analyst’s predicted range.
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