Cenovus Energy Inc

Cenovus Energy Inc Stock Forecast & Price Prediction

Live Cenovus Energy Inc Stock (CVE) Price
$16.18

14

Ratings

  • Buy 7
  • Hold 6
  • Sell 1
Disclaimer : Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance. This information is for educational purposes only and should not be construed as advice to buy or sell any security.

Stock Price

$16.18

P/E Ratio

11.34

Volume Traded Today

$9.7M

Dividend

$0.104

52 Week High/low

21.90/14.69

Cenovus Energy Inc Market Cap

$29.62B

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CVE Summary

Based on ratings from 14 stock analysts, the Cenovus Energy Inc stock price is expected to increase by 36.71% in 12 months. This is calculated by using the average 12-month stock price forecast for Cenovus Energy Inc. The lowest target is $20.11 and the highest is $24.43. Please note analyst price targets are not guaranteed and could be missed completely.

CVE Analyst Ratings

CVE is a stock in Energy which has been forecasted to be worth $22.12 as an average. On the higher end, the forecast price is $24.43 USD by from and on the lower end CVE is forecasted to be $20.11 by from .

CVE stock forecast by analyst

These are the latest 20 analyst ratings of CVE.

Analyst/Firm

Rating

Price Target

Change

Date

Randy Ollenberger
BMO Capital

Outperform

$28

Maintains

Nov 1, 2024
Randy Ollenberger
BMO Capital

Outperform

$31

Maintains

Oct 4, 2024
Jason Bouvier
Scotiabank

Sector Outperform

$34

Maintains

Jul 12, 2024
Benny Wong
Morgan Stanley

Overweight

$30

Maintains

Mar 28, 2024
Greg Pardy
RBC Capital

Outperform

$28

Reiterates

Jan 26, 2024
Travis Wood
National Bank Financial Inc

Outperform

$33

Maintains

Jun 29, 2023

Goldman Sachs

Buy


Upgrade

Jun 6, 2023

RBC Capital

Outperform


Reiterates

Jun 1, 2023
Gregory Pardy
RBC Capital

Outperform

$28

Reiterates

May 30, 2023
Gregory Pardy
RBC Capital

Outperform

$28

Maintains

Apr 27, 2023
Neil Mehta
Goldman Sachs

Neutral

$23

Downgrade

Nov 21, 2022
William Janela
Credit Suisse

Outperform

$37

Assumes

Aug 11, 2022
Manav Gupta
Credit Suisse

Outperform

$37

Maintains

Jun 9, 2022

Goldman Sachs

Buy

$24

Maintains

May 20, 2022

Goldman Sachs

Buy

$12.5

Maintains

Sep 28, 2021

JP Morgan

Underweight


Downgrade

Oct 1, 2020

AltaCorp Capital

Outperform


Upgrade

Oct 7, 2019

UBS

Neutral

$13

Maintains

Oct 3, 2019

Goldman Sachs

Buy


Upgrade

Sep 26, 2019

Goldman Sachs

Neutral


Upgrade

Apr 16, 2019

CVE Company Information

What They Do: Develops and markets crude oil and natural gas.

Business Model: Cenovus Energy operates through multiple segments including Oil Sands, Conventional, Offshore, and both Canadian and U.S. Refining. The company generates revenue by developing and producing crude oil and natural gas, refining these resources into various petroleum products, and marketing them to customers both domestically and internationally.

Other Information: Headquartered in Calgary, Canada, Cenovus has significant assets in Alberta and Saskatchewan, including major projects like Foster Creek and Christina Lake. The company also engages in offshore exploration in China and the East Coast of Canada, diversifying its operations and revenue streams across both upstream and downstream sectors.
CVE
Cenovus Energy Inc (CVE)

When did it IPO

2009

Staff Count

6,925

Country

Canada

Sector/Industry

Energy/Oil & Gas Integrated

CEO

Mr. Jonathan M. McKenzie CA

Market Cap

$29.62B

Cenovus Energy Inc (CVE) Financial Data

In 2023, CVE generated $55.47B in revenue, which was a decrease of -22.70% from the previous year. This can be seen as a signal that CVE's business is declining, and its share price could be worth less in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.

Revenue From 2020

$13.91B

Revenue From 2021

$48.81B

250.80 %
From Previous Year

Revenue From 2022

$71.77B

47.03 %
From Previous Year

Revenue From 2023

$55.47B

-22.70 %
From Previous Year
  • Revenue TTM $40.10B
  • Operating Margin TTM 7.0%
  • Gross profit TTM $12.70B
  • Return on assets TTM 5.8%
  • Return on equity TTM 12.8%
  • Profit Margin 6.7%
  • Book Value Per Share 15.89%
  • Market capitalisation $29.62B
  • Revenue for 2021 $48.81B
  • Revenue for 2022 $71.77B
  • Revenue for 2023 $55.47B
  • EPS this year (TTM) $1.43

Cenovus Energy Inc (CVE) Latest News

News Image

Fri, 01 Nov 2024

Sentiment - NEGATIVE

Source - Zacks Investment Research

Summary - CVE's Q3 earnings missed estimates while revenues exceeded expectations. Both earnings and revenues declined compared to the previous year.

Why It Matters - CVE's Q3 earnings miss forecasts while revenue exceeds expectations, indicating mixed performance. Year-over-year declines may signal underlying challenges, impacting investor sentiment.

News Image

Fri, 01 Nov 2024

Sentiment - POSITIVE

Source - Seeking Alpha

Summary - Cenovus Energy (CVE) is positioned for growth with strong reserves, rising U.S. demand, access to Asian markets, and robust cash flow, making it a compelling dividend stock.

Why It Matters - Cenovus Energy's strong reserves, export growth, and strategic integrations enhance profitability and cash flow, positioning it as a robust dividend stock amidst rising demand.

News Image

Fri, 01 Nov 2024

Sentiment - POSITIVE

Source - Seeking Alpha

Summary - Cenovus Energy is expected to improve performance as an integrated company, with recent earnings growth and significant cost reduction potential in Heavy Oil and Oil Sands.

Why It Matters - Cenovus Energy's improved performance as an integrated company suggests stronger resilience during downturns, enhancing earnings and growth potential, particularly in Heavy Oil and Oil Sands.

News Image

Thu, 31 Oct 2024

Sentiment - NEUTRAL

Source - Seeking Alpha

Summary - Cenovus Energy Inc. will hold its Q3 2024 earnings conference call on October 31, 2024, at 10:00 AM ET, featuring key executives and analysts from major financial institutions.

Why It Matters - Cenovus Energy's Q3 earnings call provides insights into financial performance, strategy shifts, and market outlook, influencing investment decisions and stock valuation.

News Image

Thu, 31 Oct 2024

Sentiment - NEUTRAL

Source - GlobeNewsWire

Summary - Cenovus Energy Inc. reported Q3 2024 results: $2.5B cash from operations, $2B adjusted funds flow, and $614M free funds flow, with production at 771,000 BOE/d and increased downstream throughput.

Why It Matters - Cenovus Energy's strong financial results and increased production highlight operational efficiency, potentially boosting investor confidence and stock performance.

News Image

Thu, 31 Oct 2024

Sentiment - NEGATIVE

Source - Zacks Investment Research

Summary - Cenovus Energy (CVE) reported Q3 earnings of $0.31 per share, below the Zacks Consensus Estimate of $0.34 and down from $0.72 per share year-over-year.

Why It Matters - Cenovus Energy's earnings miss and significant year-over-year decline may signal weakening performance, potentially affecting stock price and investor sentiment.

...

CVE Frequently asked questions

The highest forecasted price for CVE is $24.43 from at .

The lowest forecasted price for CVE is $20.11 from from

The CVE analyst ratings consensus are 7 buy ratings, 6 hold ratings, and 1 sell ratings.