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NYSE: CVE
Cenovus Energy Inc Stock Forecast, Predictions & Price Target

OverviewForecast
EarningsDividendOwnership

Analyst price target for CVE

Based on 2 analysts offering 12 month price targets for Cenovus Energy Inc.
Min Forecast
$22.00+24.22%
Avg Forecast
$27.50+55.28%
Max Forecast
$33.00+86.34%

Should I buy or sell CVE stock?

Based on 2 analysts offering ratings for Cenovus Energy Inc.
Strong Buy
Strong Buy
1 analysts 50%
Buy
1 analysts 50%
Hold
0 analysts 0%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

Be the first to know when Wall Street analysts revise their CVE stock forecasts and price targets.

CVE stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
lockedlocked$00.00+00.00%2023-06-29
lockedlocked$00.00+00.00%2023-06-06Find Out Why

1 of 1

Forecast return on equity

Is CVE forecast to generate an efficient return?
Company
N/A
Industry
8.7%
Market
39.26%

Forecast return on assets

Is CVE forecast to generate an efficient return on assets?
Company
N/A
Industry
4.95%

CVE revenue forecast

What is CVE's revenue in the next 3 years based on estimates from 3 analysts?
Avg 1 year Forecast
$37.8B-3.88%
Avg 2 year Forecast
$38.8B-1.42%
Avg 3 year Forecast
$37.5B-4.74%
CVE's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

CVE earnings growth forecast

How is CVE forecast to perform vs Oil & Gas Integrated companies and vs the US market?
Company
40.26%
Industry
-3.75%
Market
21.09%
CVE's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Industry Forecast
CVE's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Market Forecast
CVE's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Savings Rate Forecast

CVE revenue growth forecast

How is CVE forecast to perform vs Oil & Gas Integrated companies and vs the US market?
Company
-0.96%
Industry
-2.19%
Market
6.5%
CVE's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
CVE's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

CVE vs Oil & Gas Integrated Stocks

TickerPricePrice TargetUp/downsideConsensus
CVE$17.71$27.50+55.28%Strong Buy
IMO$57.05$84.33+47.82%Sell
EC$12.81$12.28-4.18%Hold
SU$32.98$55.50+68.28%Strong Buy
E$32.97N/AN/A
View Top Oil & Gas Integrated Stocks

Cenovus Energy Stock Forecast FAQ

Is Cenovus Energy Stock a good buy in 2023, according to Wall Street analysts?

The consensus among 2 Wall Street analysts covering (NYSE: CVE) stock is to Strong Buy CVE stock.

Out of 2 analysts, 1 (50%) are recommending CVE as a Strong Buy, 1 (50%) are recommending CVE as a Buy, 0 (0%) are recommending CVE as a Hold, 0 (0%) are recommending CVE as a Sell, and 0 (0%) are recommending CVE as a Strong Sell.

If you're new to stock investing, here's how to buy Cenovus Energy stock.

What is CVE's revenue growth forecast for 2023-2025?

(NYSE: CVE) Cenovus Energy's forecast annual revenue growth rate of -0.96% is forecast to beat the US Oil & Gas Integrated industry's average forecast revenue growth rate of -2.19%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 6.5%.

Cenovus Energy's revenue in 2023 is $38,783,211,678.On average, 3 Wall Street analysts forecast CVE's revenue for 2023 to be $71,329,124,413,794, with the lowest CVE revenue forecast at $70,443,975,139,070, and the highest CVE revenue forecast at $72,475,231,283,000. On average, 3 Wall Street analysts forecast CVE's revenue for 2024 to be $73,158,135,499,384, with the lowest CVE revenue forecast at $72,201,033,293,220, and the highest CVE revenue forecast at $74,995,186,608,550.

In 2025, CVE is forecast to generate $70,693,378,028,000 in revenue, with the lowest revenue forecast at $68,322,400,719,040 and the highest revenue forecast at $72,350,199,865,710.

What is CVE's forecast return on assets (ROA) for 2023-2025?

(NYSE: CVE) forecast ROA is N/A, which is lower than the forecast US Oil & Gas Integrated industry average of 4.95%.

What is CVE's Price Target?

According to 2 Wall Street analysts that have issued a 1 year CVE price target, the average CVE price target is $27.50, with the highest CVE stock price forecast at $33.00 and the lowest CVE stock price forecast at $22.00.

On average, Wall Street analysts predict that Cenovus Energy's share price could reach $27.50 by Jun 29, 2024. The average Cenovus Energy stock price prediction forecasts a potential upside of 55.28% from the current CVE share price of $17.71.

What is CVE's forecast return on equity (ROE) for 2023-2025?

(NYSE: CVE) forecast ROE is N/A, which is considered weak.
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