Cenovus Energy Inc. (CVE)
NYSE: CVE · IEX Real-Time Price · USD
21.28
+0.05 (0.24%)
Apr 25, 2024, 4:00 PM EDT - Market closed
Cenovus Energy Stock Forecast
Stock Price Forecast
The 5 analysts with 12-month price forecasts for Cenovus Energy stock have an average target of 28.2, with a low estimate of 22 and a high estimate of 33. The average target predicts an increase of 32.52% from the current stock price of 21.28.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for Cenovus Energy stock from 5 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Buy | 3 | 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 | 4 | 4 | 4 | 4 | 5 | 5 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Morgan Stanley | Morgan Stanley | Buy Maintains $28 → $30 | Buy | Maintains | $28 → $30 | +40.98% | Mar 28, 2024 |
| RBC Capital | RBC Capital | Buy Reiterates $28 | Buy | Reiterates | $28 | +31.58% | Jan 26, 2024 |
| National Bank Financial Inc | National Bank Financial Inc | Buy Maintains $38 → $33 | Buy | Maintains | $38 → $33 | +55.08% | Jun 29, 2023 |
| Goldman Sachs | Goldman Sachs | Hold → Strong Buy Upgrades $20 → $22 | Hold → Strong Buy | Upgrades | $20 → $22 | +3.38% | Jun 6, 2023 |
| RBC Capital | RBC Capital | Buy Reiterates $28 | Buy | Reiterates | $28 | +31.58% | May 30, 2023 |
Financial Forecast
Revenue This Year
64.29B
from 52.20B
Increased by 23.15%
Revenue Next Year
51.51B
from 64.29B
Decreased by -19.88%
EPS This Year
3.70
from 2.12
Increased by 74.63%
EPS Next Year
2.49
from 3.70
Decreased by -32.78%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 59.3B | 58.4B | 56.9B |
| Avg | 51.5B | 51.7B | 45.9B |
| Low | 41.7B | 43.5B | 37.7B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 13.7% | 13.4% | 10.0% |
| Avg | -1.3% | 0.4% | -11.2% |
| Low | -20.1% | -15.5% | -27.1% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 3.29 | 4.79 | 6.90 |
| Avg | 2.49 | 2.85 | 3.65 |
| Low | 1.79 | 2.00 | 2.27 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 55.0% | 92.4% | 142.3% |
| Avg | 17.4% | 14.4% | 28.1% |
| Low | -15.4% | -19.7% | -20.2% |
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.