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Cenovus Energy Inc (CVE) Stock Forecast & Price Prediction

Live CVE Stock Price & Analysis

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$14.80

+0.07 (0.48%)

12 Month Price Forecast For CVE

$14.80
Current Price
$27.03B
Market Cap
18 Ratings
Buy 18
Hold 0
Sell 0
Wall St Analyst Ratings

Distance to CVE Price Forecasts

+61.6%
To High Target of $23.92
+40.7%
To Median Target of $20.82
+35.1%
To Low Target of $20.00

CVE Price Momentum

+4.9%
1 Week Change
-3.9%
1 Month Change
-8.8%
1 Year Change
-2.3%
Year-to-Date Change
-32.4%
From 52W High of $21.90
+7.6%
From 52W Low of $13.76

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Disclaimer: The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. 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.

Data last updated: February 10, 2025 3:26 PM UTC

CVE Analyst Ratings & Price Targets

Based on our analysis of 10 Wall Street analysts, CVE has a consensus that is bullish. The median price target is $20.82, with forecasts ranging from $20.00 to $23.92. Currently, there are 18 Buy ratings, 0 Hold ratings, and 0 Sell ratings.

With CVE currently trading at $14.80, the median price forecast suggests a 40.7% upside. The most optimistic forecast comes from at , projecting a 61.6% upside, while at JP Morgan provides the most conservative target, suggesting a 35.1% upside.

Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.

CVE Analyst Consensus

18
Buy
0
Hold
0
Sell

CVE Price Target Range

Low
$20.00
Average
$20.82
High
$23.92
Current: $14.80

Latest CVE Stock Forecasts by Analyst

These are the latest 20 analyst ratings and price targets for CVE.

Date Firm Analyst Rating Change Price Target
Jan 6, 2025 RBC Capital Greg Pardy Outperform Reiterates $28.00
Nov 1, 2024 BMO Capital Randy Ollenberger Outperform Maintains $28.00
Oct 4, 2024 BMO Capital Randy Ollenberger Outperform Maintains $31.00
Jul 12, 2024 Scotiabank Jason Bouvier Sector Outperform Maintains $34.00
Mar 28, 2024 Morgan Stanley Benny Wong Overweight Maintains $30.00
Jan 26, 2024 RBC Capital Greg Pardy Outperform Reiterates $28.00
Jun 29, 2023 National Bank Financial Inc Travis Wood Outperform Maintains $33.00
Jun 6, 2023 Goldman Sachs Buy Upgrade $0.00
Jun 1, 2023 RBC Capital Outperform Reiterates $0.00
May 30, 2023 RBC Capital Gregory Pardy Outperform Reiterates $28.00
Apr 27, 2023 RBC Capital Gregory Pardy Outperform Maintains $28.00
Nov 21, 2022 Goldman Sachs Neil Mehta Neutral Downgrade $23.00
Aug 11, 2022 Credit Suisse William Janela Outperform Assumes $37.00
Jun 9, 2022 Credit Suisse Manav Gupta Outperform Maintains $37.00
May 20, 2022 Goldman Sachs Buy Maintains $24.00
Sep 28, 2021 Goldman Sachs Buy Maintains $12.50
Oct 1, 2020 JP Morgan Underweight Downgrade $0.00
Oct 7, 2019 AltaCorp Capital Outperform Upgrade $0.00
Oct 3, 2019 UBS Neutral Maintains $13.00
Sep 26, 2019 Goldman Sachs Buy Upgrade $0.00

Stocks Similar to Cenovus Energy Inc

The following stocks are similar to Cenovus Energy based on their market capitalization and industry sector. These similar stocks potentially provide investors with alternative investment opportunities within the same market segment.

Cenovus Energy Inc (CVE) Financial Data

Cenovus Energy Inc has a market capitalization of $27.03B with a P/E ratio of 10.6x. The company generates $38.82B in trailing twelve-month revenue with a 6.7% profit margin.

Revenue growth is -2.3% quarter-over-quarter, while maintaining an operating margin of +7.0% and return on equity of +12.8%.

Valuation Metrics

Market Cap $27.03B
Enterprise Value $24.00B
P/E Ratio 10.6x
PEG Ratio 9.5x
Price/Sales 0.5x

Growth & Margins

Revenue Growth (YoY) -2.3%
Gross Margin +20.6%
Operating Margin +7.0%
Net Margin +6.7%
EPS Growth -56.0%

Financial Health

Cash/Price Ratio +11.5%
Current Ratio 1.6x
Debt/Equity 33.6x
ROE +12.8%
ROA +5.8%

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Cenovus Energy Inc (CVE) Company Overview

About Cenovus Energy Inc

What They Do

Develops and markets oil and gas products.

Business Model

Cenovus Energy Inc. generates revenue through multiple segments, including Oil Sands, Conventional, Offshore, Canadian Refining, and U.S. Refining. The company develops and produces crude oil and natural gas, refines these products, and transports them to consumers. It operates significant projects in Canada and internationally, enhancing its portfolio with both upstream production and downstream refining capabilities.

Additional Information

Headquartered in Calgary, Canada, Cenovus focuses on sustainable development and has significant assets in Alberta and Saskatchewan. Its diversified operations help mitigate risks associated with market fluctuations in the oil and gas sector.

Company Information

Sector

Energy

Industry

Oil & Gas Integrated

Employees

6,925

CEO

Mr. Jonathan M. McKenzie CA

Country

Canada

IPO Year

2009

Cenovus Energy Inc (CVE) Latest News & Analysis

CVE stock latest news image
Quick Summary

Cenovus Energy (CVE) closed at $15.06, up 0.53% in the latest trading session.

Why It Matters

Cenovus Energy's slight price increase indicates positive market sentiment, which could signal growth potential and attract investor interest in the stock.

Source: Zacks Investment Research
Market Sentiment: Neutral
CVE stock latest news image
Quick Summary

Cenovus Energy's integrated operations provide resilience and strong cash flows. The stock is viewed as a buying opportunity, with low costs and a 3.94% dividend yield.

Why It Matters

Cenovus Energy's resilience and strong cash flows, coupled with undervalued stock due to tariff fears, present a rare buying opportunity. Low costs and a solid dividend enhance its appeal.

Source: Seeking Alpha
Market Sentiment: Positive
CVE stock latest news image
Quick Summary

Cenovus Energy and Plains All American present investment opportunities in the energy sector, offering strong cash flows, capital returns, and high yields amid current market conditions.

Why It Matters

The energy sector offers attractive investment opportunities, with companies like Cenovus and Plains All American providing strong cash flows and high yields, appealing for value-focused investors.

Source: Seeking Alpha
Market Sentiment: Positive
CVE stock latest news image
Quick Summary

JP Morgan analyst John M Royall provided insights on trends in the North American Integrated Oils sector for 2025, including updated forecasts, price targets, and ratings for major companies.

Why It Matters

Analyst insights on trends, forecasts, and price targets for major integrated oil companies can influence investment strategies and stock valuations in the sector.

Source: Benzinga
Market Sentiment: Positive
CVE stock latest news image
Quick Summary

FRO, DHT, and CVE have been assigned a Zacks Rank #5 (Strong Sell) as of November 19, 2024.

Why It Matters

FRO, DHT, and CVEโ€™s addition to the Zacks Rank #5 indicates a bearish outlook, suggesting potential declines in stock performance, impacting investment decisions.

Source: Zacks Investment Research
Market Sentiment: Negative
CVE stock latest news image
Quick Summary

Cenovus Energy Inc. (TSX: CVE) plans to invest $4.6B-$5.0B in 2025, targeting 805K-845K BOE/d production. The company emphasizes cost control and aims to return 100% of excess free funds flow to shareholders.

Why It Matters

Cenovus's 2025 guidance indicates robust investment and production growth, enhancing shareholder returns and maintaining manageable debt levels, signaling financial stability and potential profitability.

Source: GlobeNewsWire
Market Sentiment: Neutral

Frequently Asked Questions About CVE Stock

What is Cenovus Energy Inc's (CVE) stock forecast for 2025?

Based on our analysis of 10 Wall Street analysts, Cenovus Energy Inc (CVE) has a median price target of $20.82. The highest price target is $23.92 and the lowest is $20.00.

Is CVE stock a good investment in 2025?

According to current analyst ratings, CVE has 18 Buy ratings, 0 Hold ratings, and 0 Sell ratings. The stock is currently trading at $14.80. Always conduct your own research and consider your investment goals before making investment decisions.

What is the price prediction for CVE stock?

Wall Street analysts predict CVE stock could reach $20.82 in the next 12 months. This represents a 40.7% increase from the current price of $14.80. Please note that this is a projection by Wall Street analysts and not a guarantee.

What is Cenovus Energy Inc's business model?

Cenovus Energy Inc. generates revenue through multiple segments, including Oil Sands, Conventional, Offshore, Canadian Refining, and U.S. Refining. The company develops and produces crude oil and natural gas, refines these products, and transports them to consumers. It operates significant projects in Canada and internationally, enhancing its portfolio with both upstream production and downstream refining capabilities.

What is the highest forecasted price for CVE Cenovus Energy Inc?

The highest price target for CVE is $23.92 from at , which represents a 61.6% increase from the current price of $14.80.

What is the lowest forecasted price for CVE Cenovus Energy Inc?

Price targets from Wall Street analysts for CVE are not currently available. The stock is trading at $14.80.

What is the overall CVE consensus from analysts for Cenovus Energy Inc?

The overall analyst consensus for CVE is bullish. Out of 10 Wall Street analysts, 18 rate it as Buy, 0 as Hold, and 0 as Sell, with a median price target of $20.82.

How accurate are CVE stock price projections?

Stock price projections, including those for Cenovus Energy Inc, are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.