$20.91
-0.19[-0.90%]
At close: Apr 23
$20.91
0[0.00%]
After Hours: 5:41PM EDT
Cenovus Energy
(NYSE:CVE)Cenovus Energy Stock (NYSE:CVE), Analyst Ratings, Price Targets, Predictions
Cenovus Energy Inc has a consensus price target of $28.44, established from looking at the 11 latest analyst ratings. The last 3 analyst ratings were released from Morgan Stanley, RBC Capital, and National Bank Financial Inc on March 28, 2024, January 26, 2024, and June 29, 2023. With an average price target of $30.33 between Morgan Stanley, RBC Capital, and National Bank Financial Inc, there's an implied 45.07% upside for Cenovus Energy Inc from these 3 analyst ratings.
Analyst Firms Making Recommendations1
Morgan Stanley
RBC Capital
National Bank Financial Inc
Goldman Sachs
RBC Capital
1calculated from analyst ratings published within the last 3 years
Analyst Ratings for Cenovus Energy
date | ticker | Buy Now | Company | Current price | Upside/Downside | Analyst Firm | Analyst & % Accurate | Price Target Change | Rating Change | Previous / Current Rating | Get Alert |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 03/28/2024 | CVE | Buy Now | Cenovus Energy | $20.91 | 43.47% | Morgan Stanley | Benny Wong | $28 → $30 | Maintains | Overweight | Get Alert |
| 01/26/2024 | CVE | Buy Now | Cenovus Energy | $20.91 | 33.91% | RBC Capital | Greg Pardy | → $28 | Reiterates | Outperform → Outperform | Get Alert |
| 06/29/2023 | CVE | Buy Now | Cenovus Energy | $20.91 | 57.82% | National Bank Financial Inc | Travis Wood | $38 → $33 | Maintains | Outperform | Get Alert |
| 06/06/2023 | CVE | Buy Now | Cenovus Energy | $20.91 | 5.21% | Goldman Sachs | Neil Mehta | $20 → $22 | Upgrade | Neutral → Buy | Get Alert |
| 05/30/2023 | CVE | Buy Now | Cenovus Energy | $20.91 | 33.91% | RBC Capital | Gregory Pardy | → $28 | Reiterates | Outperform → Outperform | Get Alert |
| 04/27/2023 | CVE | Buy Now | Cenovus Energy | $20.91 | 33.91% | RBC Capital | Gregory Pardy | $29 → $28 | Maintains | Outperform | Get Alert |
| 11/21/2022 | CVE | Buy Now | Cenovus Energy | $20.91 | 10% | Goldman Sachs | Neil Mehta | → $23 | Downgrade | Buy → Neutral | Get Alert |
| 08/11/2022 | CVE | Buy Now | Cenovus Energy | $20.91 | 76.95% | Credit Suisse | William Janela | → $37 | Assumes | → Outperform | Get Alert |
| 06/09/2022 | CVE | Buy Now | Cenovus Energy | $20.91 | 76.95% | Credit Suisse | Manav Gupta | $32 → $37 | Maintains | Outperform | Get Alert |
| 05/20/2022 | CVE | Buy Now | Cenovus Energy | $20.91 | 14.78% | Goldman Sachs | Neil Mehta | $21 → $24 | Maintains | Buy | Get Alert |
| 09/28/2021 | CVE | Buy Now | Cenovus Energy | $20.91 | -40.22% | Goldman Sachs | — | — | Maintains | Buy | Get Alert |
FAQ
What is the target price for Cenovus Energy (CVE)?
The latest price target for Cenovus Energy (NYSE: CVE) was reported by Morgan Stanley on March 28, 2024. The analyst firm set a price target for $30.00 expecting CVE to rise to within 12 months (a possible 43.47% upside). 6 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for Cenovus Energy (CVE)?
The latest analyst rating for Cenovus Energy (NYSE: CVE) was provided by Morgan Stanley, and Cenovus Energy maintained their overweight rating.
When was the last upgrade for Cenovus Energy (CVE)?
The last upgrade for Cenovus Energy Inc happened on June 6, 2023 when Goldman Sachs raised their price target to $22. Goldman Sachs previously had a neutral for Cenovus Energy Inc.
When was the last downgrade for Cenovus Energy (CVE)?
The last downgrade for Cenovus Energy Inc happened on November 21, 2022 when Goldman Sachs changed their price target from N/A to $23 for Cenovus Energy Inc.
When is the next analyst rating going to be posted or updated for Cenovus Energy (CVE)?
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Cenovus Energy, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Cenovus Energy was filed on March 28, 2024 so you should expect the next rating to be made available sometime around March 28, 2025.
Is the Analyst Rating Cenovus Energy (CVE) correct?
While ratings are subjective and will change, the latest Cenovus Energy (CVE) rating was a maintained with a price target of $28.00 to $30.00. The current price Cenovus Energy (CVE) is trading at is $20.91, which is out of the analyst’s predicted range.
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