Cenovus Energy Inc. (CVE)
NYSE: CVE · Real-Time Price · USD
15.64
+0.14 (0.90%)
At close: Dec 5, 2024, 4:00 PM
15.53
-0.11 (-0.70%)
After-hours: Dec 5, 2024, 7:24 PM EST
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 91.82% from the current stock price of 15.64.
Analyst Consensus: Buy
* Price targets were last updated on Nov 1, 2024.
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 | +79.03% | Nov 1, 2024 |
| BMO Capital | BMO Capital | Buy Maintains $33 → $31 | Buy | Maintains | $33 → $31 | +98.21% | Oct 4, 2024 |
| Scotiabank | Scotiabank | Buy Maintains $35 → $34 | Buy | Maintains | $35 → $34 | +117.39% | Jul 12, 2024 |
| Morgan Stanley | Morgan Stanley | Buy Maintains $28 → $30 | Buy | Maintains | $28 → $30 | +91.82% | Mar 28, 2024 |
| RBC Capital | RBC Capital | Buy Reiterates $28 | Buy | Reiterates | $28 | +79.03% | Jan 26, 2024 |
Financial Forecast
Revenue This Year
58.29B
from 52.20B
Increased by 11.65%
Revenue Next Year
52.99B
from 58.29B
Decreased by -9.10%
EPS This Year
2.09
from 2.12
Decreased by -1.50%
EPS Next Year
1.98
from 2.09
Decreased by -5.25%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 64.1B | 57.7B | 59.9B |
| Avg | 58.3B | 53.0B | 53.4B |
| Low | 54.8B | 49.1B | 49.6B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 22.8% | -1.0% | 13.1% |
| Avg | 11.7% | -9.1% | 0.7% |
| Low | 5.0% | -15.7% | -6.4% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 2.30 | 3.16 | 4.46 |
| Avg | 2.09 | 1.98 | 2.79 |
| Low | 1.93 | 1.15 | 1.69 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 8.5% | 51.4% | 125.6% |
| Avg | -1.5% | -5.3% | 40.8% |
| Low | -8.9% | -44.9% | -14.8% |
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.