Cenovus Energy Inc. (CVE)
NYSE: CVE · IEX Real-Time Price · USD
20.82
+0.23 (1.12%)
May 31, 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 35.45% from the current stock price of 20.82.
Analyst Consensus: Strong Buy
* Price targets were last updated on Mar 28, 2024.
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 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 |
---|---|---|---|---|---|---|
Strong Buy | 1 | 1 | 1 | 1 | 1 | 1 |
Buy | 3 | 3 | 3 | 4 | 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 | 5 | 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 | +44.09% | Mar 28, 2024 |
RBC Capital | RBC Capital | Buy Reiterates $28 | Buy | Reiterates | $28 | +34.49% | Jan 26, 2024 |
National Bank Financial Inc | National Bank Financial Inc | Buy Maintains $38 → $33 | Buy | Maintains | $38 → $33 | +58.50% | Jun 29, 2023 |
Goldman Sachs | Goldman Sachs | Hold → Strong Buy Upgrades $20 → $22 | Hold → Strong Buy | Upgrades | $20 → $22 | +5.67% | Jun 6, 2023 |
RBC Capital | RBC Capital | Buy Reiterates $28 | Buy | Reiterates | $28 | +34.49% | May 30, 2023 |
Financial Forecast
Revenue This Year
64.29B
from 52.20B
Increased by 23.15%
Revenue Next Year
55.28B
from 64.29B
Decreased by -14.02%
EPS This Year
3.70
from 2.12
Increased by 74.63%
EPS Next Year
2.91
from 3.70
Decreased by -21.28%
Revenue Forecast
Revenue | 2024 | 2025 | 2026 |
---|---|---|---|
High | 58.2B | 58.3B | 56.9B |
Avg | 55.3B | 54.9B | 45.9B |
Low | 53.0B | 52.1B | 37.7B |
Revenue Growth
Revenue Growth | 2024 | 2025 | 2026 |
---|---|---|---|
High | 11.5% | 5.5% | 3.6% |
Avg | 5.9% | -0.7% | -16.4% |
Low | 1.5% | -5.8% | -31.3% |
EPS Forecast
EPS | 2024 | 2025 | 2026 |
---|---|---|---|
High | 3.27 | 4.60 | 5.55 |
Avg | 2.91 | 3.24 | 3.57 |
Low | 2.51 | 2.25 | 2.49 |
EPS Growth
EPS Growth | 2024 | 2025 | 2026 |
---|---|---|---|
High | 54.0% | 57.8% | 71.5% |
Avg | 37.5% | 11.2% | 10.1% |
Low | 18.3% | -22.7% | -23.2% |
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.