Cenovus Energy Inc. (CVE)
NYSE: CVE · Real-Time Price · USD
16.13
+0.46 (2.90%)
Nov 4, 2024, 1:04 PM EST - Market open
Cenovus Energy Stock Forecast
Stock Price Forecast
The 4 analysts with 12-month price forecasts for Cenovus Energy stock have an average target of 30, with a low estimate of 28 and a high estimate of 34. The average target predicts an increase of 86.05% from the current stock price of 16.13.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Cenovus Energy stock from 4 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 0 | 0 | 0 | 0 | 0 |
| Buy | 4 | 3 | 3 | 3 | 4 | 4 |
| Hold | 0 | 0 | 0 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 5 | 3 | 3 | 3 | 4 | 4 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| BMO Capital | BMO Capital | Buy Maintains $31 → $28 | Buy | Maintains | $31 → $28 | +73.64% | Nov 1, 2024 |
| BMO Capital | BMO Capital | Buy Maintains $33 → $31 | Buy | Maintains | $33 → $31 | +92.25% | Oct 4, 2024 |
| Scotiabank | Scotiabank | Buy Maintains $35 → $34 | Buy | Maintains | $35 → $34 | +110.85% | Jul 12, 2024 |
| Morgan Stanley | Morgan Stanley | Buy Maintains $28 → $30 | Buy | Maintains | $28 → $30 | +86.05% | Mar 28, 2024 |
| RBC Capital | RBC Capital | Buy Reiterates $28 | Buy | Reiterates | $28 | +73.64% | Jan 26, 2024 |
Financial Forecast
Revenue This Year
54.90B
from 52.20B
Increased by 5.15%
Revenue Next Year
53.77B
from 54.90B
Decreased by -2.05%
EPS This Year
2.62
from 2.12
Increased by 23.72%
EPS Next Year
2.94
from 2.62
Increased by 12.24%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 60.4B | 63.9B | 57.3B |
| Avg | 54.9B | 53.8B | 49.3B |
| Low | 41.7B | 43.5B | 37.7B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 15.7% | 16.5% | 6.7% |
| Avg | 5.2% | -2.1% | -8.4% |
| Low | -20.1% | -20.8% | -29.9% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 3.17 | 4.24 | 4.39 |
| Avg | 2.62 | 2.94 | 2.95 |
| Low | 1.79 | 2.02 | 2.29 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 49.6% | 61.7% | 49.1% |
| Avg | 23.7% | 12.2% | 0.2% |
| Low | -15.4% | -23.0% | -22.1% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.