Cenovus Energy Inc. (CVE)
NYSE: CVE · IEX Real-Time Price · USD
20.20
+0.41 (2.07%)
At close: Jul 2, 2024, 4:00 PM
20.35
+0.15 (0.74%)
After-hours: Jul 2, 2024, 7:54 PM EDT
Cenovus Energy Stock Forecast
Stock Price Forecast
The 3 analysts with 12-month price forecasts for Cenovus Energy stock have an average target of 30.33, with a low estimate of 28 and a high estimate of 33. The average target predicts an increase of 50.15% from the current stock price of 20.20.
Analyst Consensus: Buy
* Price targets were last updated on Mar 28, 2024.
Analyst Ratings
The average analyst rating for Cenovus Energy stock from 3 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 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 1 | 1 | 0 |
| Buy | 3 | 3 | 4 | 4 | 4 | 3 |
| Hold | 0 | 0 | 0 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 4 | 4 | 5 | 5 | 5 | 3 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Morgan Stanley | Morgan Stanley | Buy Maintains $28 → $30 | Buy | Maintains | $28 → $30 | +48.51% | Mar 28, 2024 |
| RBC Capital | RBC Capital | Buy Reiterates $28 | Buy | Reiterates | $28 | +38.61% | Jan 26, 2024 |
| National Bank Financial Inc | National Bank Financial Inc | Buy Maintains $38 → $33 | Buy | Maintains | $38 → $33 | +63.37% | Jun 29, 2023 |
| Goldman Sachs | Goldman Sachs | Hold → Strong Buy Upgrades $20 → $22 | Hold → Strong Buy | Upgrades | $20 → $22 | +8.91% | Jun 6, 2023 |
| RBC Capital | RBC Capital | Buy Reiterates $28 | Buy | Reiterates | $28 | +38.61% | May 30, 2023 |
Financial Forecast
Revenue This Year
64.29B
from 52.20B
Increased by 23.15%
Revenue Next Year
51.80B
from 64.29B
Decreased by -19.43%
EPS This Year
3.70
from 2.12
Increased by 74.63%
EPS Next Year
2.77
from 3.70
Decreased by -25.10%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 58.2B | 58.3B | 53.2B |
| Avg | 51.8B | 51.8B | 45.0B |
| Low | 41.7B | 43.5B | 37.7B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 11.5% | 12.6% | 2.7% |
| Avg | -0.8% | -0.0% | -13.1% |
| Low | -20.1% | -16.0% | -27.2% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 3.27 | 4.60 | 5.55 |
| Avg | 2.77 | 3.10 | 3.21 |
| Low | 1.79 | 2.02 | 2.49 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 54.0% | 65.9% | 79.0% |
| Avg | 30.8% | 11.9% | 3.6% |
| Low | -15.4% | -27.2% | -19.8% |
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.