12 Month Price Forecast For CVE
Distance to CVE Price Forecasts
CVE Price Momentum
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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
CVE Price Target Range
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
Growth & Margins
Financial Health
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Cenovus Energy Inc (CVE) Company Overview
About Cenovus Energy Inc
Develops and markets oil and gas products.
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.
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
Website
www.cenovus.comCenovus Energy Inc (CVE) Latest News & Analysis
Cenovus Energy (CVE) closed at $15.06, up 0.53% in the latest trading session.
Cenovus Energy's slight price increase indicates positive market sentiment, which could signal growth potential and attract investor interest in the stock.
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.
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.
Buy The Drop On These Amazing Dividend Bargains
1 month agoCenovus 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.
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.
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.
Analyst insights on trends, forecasts, and price targets for major integrated oil companies can influence investment strategies and stock valuations in the sector.
New Strong Sell Stocks for November 19th
1 month agoFRO, DHT, and CVE have been assigned a Zacks Rank #5 (Strong Sell) as of November 19, 2024.
FRO, DHT, and CVEโs addition to the Zacks Rank #5 indicates a bearish outlook, suggesting potential declines in stock performance, impacting investment decisions.
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.
Cenovus's 2025 guidance indicates robust investment and production growth, enhancing shareholder returns and maintaining manageable debt levels, signaling financial stability and potential profitability.
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.