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$13.28
-0.26-1.92%
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$13.38
0.100.75%
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Cenovus Energy Analyst Ratings and Price Targets | NYSE:CVE | Benzinga
Cenovus Energy Inc has a consensus price target of $29.78 based on the ratings of 9 analysts. The high is $37 issued by Credit Suisse on August 11, 2022. The low is $16 issued by Goldman Sachs on April 30, 2025. The 3 most-recent analyst ratings were released by Goldman Sachs, RBC Capital, and RBC Capital on April 30, 2025, April 11, 2025, and April 2, 2025, respectively. With an average price target of $22 between Goldman Sachs, RBC Capital, and RBC Capital, there's an implied 64.42% upside for Cenovus Energy Inc from these most-recent analyst ratings.
Analyst Firms Making Recommendations1
Goldman Sachs
RBC Capital
BMO Capital
Scotiabank
Morgan Stanley
1calculated from analyst ratings
Analyst Ratings for Cenovus Energy
| Buy Now | Get Alert | |||||||
|---|---|---|---|---|---|---|---|---|
| 04/30/2025 | Buy Now | 19.58% | Goldman Sachs | Neil Mehta68% | $18 → $16 | Maintains | Buy | Get Alert |
| 04/11/2025 | Buy Now | 86.85% | RBC Capital | Greg Pardy55% | $25 → $25 | Reiterates | Outperform → Outperform | Get Alert |
| 04/02/2025 | Buy Now | 86.85% | RBC Capital | Greg Pardy55% | $25 → $25 | Reiterates | Outperform → Outperform | Get Alert |
| 02/21/2025 | Buy Now | 86.85% | RBC Capital | Greg Pardy55% | $26 → $25 | Maintains | Outperform | Get Alert |
| 01/06/2025 | Buy Now | 109.27% | RBC Capital | Greg Pardy55% | $28 → $28 | Reiterates | Outperform → Outperform | Get Alert |
| 11/01/2024 | Buy Now | 109.27% | BMO Capital | Randy Ollenberger25% | $31 → $28 | Maintains | Outperform | Get Alert |
| 10/04/2024 | Buy Now | 131.69% | BMO Capital | Randy Ollenberger25% | $33 → $31 | Maintains | Outperform | Get Alert |
| 07/12/2024 | Buy Now | 154.11% | Scotiabank | Jason Bouvier37% | $35 → $34 | Maintains | Sector Outperform | Get Alert |
| 03/28/2024 | Buy Now | 124.22% | Morgan Stanley | Benny Wong61% | $28 → $30 | Maintains | Overweight | Get Alert |
| 01/26/2024 | Buy Now | 109.27% | RBC Capital | Greg Pardy55% | $28 → $28 | Reiterates | Outperform → Outperform | Get Alert |
| 06/29/2023 | Buy Now | 146.64% | National Bank Financial Inc | Travis Wood71% | $38 → $33 | Maintains | Outperform | Get Alert |
| 06/06/2023 | Buy Now | 64.42% | Goldman Sachs | Neil Mehta68% | $20 → $22 | Upgrade | Neutral → Buy | Get Alert |
| 05/30/2023 | Buy Now | 109.27% | RBC Capital | Gregory Pardy1% | $28 → $28 | Reiterates | Outperform → Outperform | Get Alert |
| 04/27/2023 | Buy Now | 109.27% | RBC Capital | Gregory Pardy1% | $29 → $28 | Maintains | Outperform | Get Alert |
| 11/21/2022 | Buy Now | 71.9% | Goldman Sachs | Neil Mehta68% | → $23 | Downgrade | Buy → Neutral | Get Alert |
| 08/11/2022 | Buy Now | 176.53% | Credit Suisse | William Janela46% | → $37 | Assumes | → Outperform | Get Alert |
| 06/09/2022 | Buy Now | 176.53% | Credit Suisse | Manav Gupta53% | $32 → $37 | Maintains | Outperform | Get Alert |
FAQ
What is the target price for Cenovus Energy (CVE) stock?
The latest price target for Cenovus Energy (NYSE:CVE) was reported by Goldman Sachs on April 30, 2025. The analyst firm set a price target for $16.00 expecting CVE to rise to within 12 months (a possible 19.58% upside). 8 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 Goldman Sachs, and Cenovus Energy maintained their buy 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 April 30, 2025 so you should expect the next rating to be made available sometime around April 30, 2026.
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 $18.00 to $16.00. The current price Cenovus Energy (CVE) is trading at is $13.38, which is out of the analyst’s predicted range.
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