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

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Analyst price target for CVE

Based on 3 analysts offering 12 month price targets for Cenovus Energy Inc.
Min Forecast
$23.00+27.64%
Avg Forecast
$32.33+79.43%
Max Forecast
$37.00+105.33%

Should I buy or sell CVE stock?

Based on 3 analysts offering ratings for Cenovus Energy Inc.
Buy
Strong Buy
0 analysts 0%
Buy
2 analysts 66.67%
Hold
1 analysts 33.33%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

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CVE stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
Goldman Sachs
Top 7%
94
HoldDowngrades$23.00+27.64%2022-11-21
Credit Suisse
Top 2%
99
BuyAssumes$37.00+105.33%2022-08-11
Credit Suisse
Bottom 26%
26
BuyMaintains$37.00+105.33%2022-06-09
Anonymous
Goldman Sachs
Strong BuyMaintains$24.00+33.19%2022-05-20

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Forecast return on equity

Is CVE forecast to generate an efficient return?
Company
29.71%
Industry
39.89%
Market
50.96%
CVE's Return on Equity is... subscribe to Premium to read more.
Forecast High Return on Equity Forecast

Forecast return on assets

Is CVE forecast to generate an efficient return on assets?
Company
14.97%
Industry
14.24%
CVE is forecast to generate... subscribe to Premium to read more.
Forecast Return on Assets vs Industry Forecast

CVE earnings per share forecast

What is CVE's earnings per share in the next 3 years based on estimates from 2 analysts?
Avg 1 year Forecast
$3.41+69.23%
Avg 2 year Forecast
$3.28+62.78%
Avg 3 year Forecast
$3.13+55.33%
CVE's earnings are forecast to... subscribe to Premium to read more.
Forecast High Earnings Growth Forecast

CVE revenue forecast

What is CVE's revenue in the next 3 years based on estimates from 1 analyst?
Avg 1 year Forecast
$50.6B+0.11%
Avg 2 year Forecast
$46.2B-8.73%
Avg 3 year Forecast
$41.4B-18.07%
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
29.85%
Industry
23.71%
Market
20.2%
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
-2.76%
Industry
8.55%
Market
6.42%
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$18.02$32.33+79.43%Buy
IMO$51.93$56.00+7.84%Hold
SU$29.90$63.00+110.70%Strong Buy
EC$9.28$14.70+58.41%Hold
E$28.37N/AN/ABuy

Cenovus Energy Stock Forecast FAQ

Is Cenovus Energy Stock a good buy in 2022, according to Wall Street analysts?

The consensus among 3 Wall Street analysts covering (NYSE: CVE) stock is to Buy CVE stock.

Out of 3 analysts, 0 (0%) are recommending CVE as a Strong Buy, 2 (66.67%) are recommending CVE as a Buy, 1 (33.33%) 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 earnings growth forecast for 2022-2024?

(NYSE: CVE) Cenovus Energy's forecast annual earnings growth rate of 29.85% is forecast to beat the US Oil & Gas Integrated industry's average forecast earnings growth rate of 23.71%, and and it is also forecast to beat the US market's average forecast earnings growth rate of 20.2%.

Cenovus Energy's earnings in 2022 is $3,837,956,204.On average, 2 Wall Street analysts forecast CVE's earnings for 2022 to be $6,556,478,610, with the lowest CVE earnings forecast at $6,364,206,510, and the highest CVE earnings forecast at $6,748,750,710. On average, 2 Wall Street analysts forecast CVE's earnings for 2023 to be $6,306,524,880, with the lowest CVE earnings forecast at $5,306,709,960, and the highest CVE earnings forecast at $7,306,339,800.

In 2024, CVE is forecast to generate $6,018,116,730 in earnings, with the lowest earnings forecast at $6,018,116,730 and the highest earnings forecast at $6,018,116,730.

What is CVE's revenue growth forecast for 2022-2024?

(NYSE: CVE) Cenovus Energy's forecast annual revenue growth rate of -2.76% is not forecast to beat the US Oil & Gas Integrated industry's average forecast revenue growth rate of 8.55%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 6.42%.

Cenovus Energy's revenue in 2022 is $48,734,306,569.On average, 1 Wall Street analysts forecast CVE's revenue for 2022 to be $97,354,093,753,500, with the lowest CVE revenue forecast at $97,354,093,753,500, and the highest CVE revenue forecast at $97,354,093,753,500. On average, 1 Wall Street analysts forecast CVE's revenue for 2023 to be $88,760,799,879,360, with the lowest CVE revenue forecast at $88,760,799,879,360, and the highest CVE revenue forecast at $88,760,799,879,360.

In 2024, CVE is forecast to generate $79,679,750,141,940 in revenue, with the lowest revenue forecast at $79,679,750,141,940 and the highest revenue forecast at $79,679,750,141,940.

What is CVE's forecast return on assets (ROA) for 2022-2024?

(NYSE: CVE) forecast ROA is 14.97%, which is higher than the forecast US Oil & Gas Integrated industry average of 14.24%.

What is CVE's Price Target?

According to 3 Wall Street analysts that have issued a 1 year CVE price target, the average CVE price target is $32.33, with the highest CVE stock price forecast at $37.00 and the lowest CVE stock price forecast at $23.00.

On average, Wall Street analysts predict that Cenovus Energy's share price could reach $32.33 by Nov 21, 2023. The average Cenovus Energy stock price prediction forecasts a potential upside of 79.43% from the current CVE share price of $18.02.

What is CVE's Earnings Per Share (EPS) forecast for 2022-2024?

(NYSE: CVE) Cenovus Energy's current Earnings Per Share (EPS) is $1.94. On average, analysts forecast that CVE's EPS will be $3.41 for 2022, with the lowest EPS forecast at $3.31, and the highest EPS forecast at $3.51. On average, analysts forecast that CVE's EPS will be $3.28 for 2023, with the lowest EPS forecast at $2.76, and the highest EPS forecast at $3.80. In 2024, CVE's EPS is forecast to hit $3.13 (min: $3.13, max: $3.13).

What is CVE's forecast return on equity (ROE) for 2022-2024?

(NYSE: CVE) forecast ROE is 29.71%, which is considered strong.
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