Cenovus Energy Inc (CVE) Stock Forecast & Price Target
Cenovus Energy Inc · NYSE
$27.66-0.39 (-1.37%)
15-min delayed · Jul 28, 3:45 PM ET · Get real-time quotes →
The Quantellect read.Of the 3 firms covering Cenovus Energy Inc, 2 rate it Buy or better, 1 sit at Hold, and 0 rate it Sell or worse, a moderate buy consensus. Targets span $29.00 to $47.00, a moderate spread. The average target of $38.00 sits 37% above the current $27.66. The rating mix has held broadly steady over recent months. On the fundamentals, the Street sees consensus EPS building from about $0.79 next quarter toward $2.42 the year after.Descriptive synthesis of third-party analyst data, not a Quantellect rating or recommendation.
ANALYST CONSENSUS3 ratings
Moderate Buy
Strong Buy00%
Buy267%
Hold133%
Sell00%
Strong Sell00%
Based on 3 analysts giving stock ratings to Cenovus Energy Inc.
As of Jul, 2 of 3 firms rate CVE a Buy (1 Hold, 0 Sell), the standing distribution of every covering firm's most recent active call.
CVE EPS & revenue forecast
EPS · NEXT QUARTER
$0.79
Range $0.61 – $1.04 · 3 analysts · +43% YoY
Next period, 3 analysts expect Cenovus Energy Inc to earn $0.79 a share (range $0.61 – $1.04), versus $0.55 a year earlier. Full-year consensus is $3.02, growing to $2.42 the year after.
REVENUE · NEXT QUARTER
$14.5B
Range $13.8B – $15.2B · 3 analysts · +3% YoY
Revenue is expected to reach $14.5B (range $13.8B – $15.2B), +3.0% year-over-year. Full-year consensus is $58.4B, rising to $53.5B next year.
Top analysts covering Cenovus Energy Inc
Ranked by each analyst's overall Quantellect track record across all the stocks they cover, shown with their current call on CVE.
#1
Devin McDermott
Morgan Stanley · Rank #49
Buy
$41.00+48.3% to target
Overall win rate
48%
+ Follow
#2
Neil Mehta
Goldman Sachs · Rank #59
Buy
$36.00+30.2% to target
Overall win rate
42%
+ Follow
#3
GP
Greg Pardy
RBC Capital
Buy
$47.00+70.0% to target
Coverage
—
+ Follow
#4
RO
Randy Ollenberger
BMO Capital
Buy
$42.00+51.9% to target
Coverage
—
+ Follow
#5
CM
Chris MacCulloch
Desjardins
Buy
$47.00+70.0% to target
Coverage
—
+ Follow
CVE stock forecast FAQ
What is CVE's average 12-month price target?+
The 2 analysts with a live target average $38.00 for Cenovus Energy Inc over the next 12 months, ranging from a $47.00 high to a $29.00 low.
Is CVE stock a Buy, Sell or Hold right now?+
The current consensus is Moderate Buy. Of the 3 analyst ratings, 2 are Buy or Strong Buy, 1 are Hold, and 0 are Sell or Strong Sell.
What are the highest and lowest price targets for CVE?+
The Street-high target is $47.00 (RBC Capital), and the Street-low is $29.00 (Goldman Sachs). The average of all 2 active targets is $38.00.
How many Wall Street analysts cover CVE?+
3 analysts have an active rating on Cenovus Energy Inc, and 2 firms carry a live 12-month price target.
Who is the most accurate analyst covering CVE?+
Among analysts who currently cover CVE, Devin McDermott of Morgan Stanley has the strongest overall Quantellect track record (Rank #49). Their current call is Buy with a $41.00 target.
What is Cenovus Energy Inc's projected EPS for next quarter?+
The consensus estimate is $0.79 per share (range $0.61 – $1.04) across 3 analysts. Full-year EPS is projected at $3.02, rising to $2.42 the following year.
How much revenue is Cenovus Energy Inc expected to report next quarter?+
Consensus revenue is $14.5B (range $13.8B – $15.2B). Full-year revenue is projected at $58.4B, growing to $53.5B next year.
Have analysts been upgrading or downgrading CVE lately?+
As of Jul, 2 of 3 firms rate CVE a Buy (1 Hold, 0 Sell), the standing distribution of every covering firm's most recent active call.
How are the analysts on this page ranked?+
By each analyst's overall Quantellect track record — a sample-adjusted measure of how accurate their calls have been across every stock they cover. We do not rank on their CVE calls alone, since a single stock is too small a sample to be reliable.
Which data on this page is live, and how often does it update?+
Price and daily change are 15-minute delayed market data. Analyst ratings, targets, consensus and earnings estimates are aggregated from multiple data providers and refresh daily.
Disclaimer: Ratings, price targets, consensus and earnings estimates on this page describe third-party analyst research aggregated from multiple data providers and refreshed daily; price and daily change are 15-minute delayed. These are historical opinions, not recommendations, and nothing on this page, including The Quantellect read, is a rating, a price target, or investment advice from Quantellect. Always do your own research and consult a licensed financial advisor before making investment decisions.
