Analysts Set Cenovus Energy Inc (NYSE:CVE) PT at $29.67

Posted by Brian Himes on May 19th, 2026

Shares of Cenovus Energy Inc (NYSE:CVE – Get Free Report) (TSE:CVE) have received a consensus rating of “Buy” from the fourteen research firms that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation, ten have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $31.25.

Several equities analysts have commented on the company. Weiss Ratings raised Cenovus Energy from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, May 8th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Cenovus Energy in a research report on Tuesday, January 20th. Lake Street Capital set a $36.00 price objective on Cenovus Energy in a research report on Wednesday, May 13th. Scotiabank reaffirmed an “outperform” rating on shares of Cenovus Energy in a research report on Thursday, May 7th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Cenovus Energy in a report on Friday, February 20th.

View Our Latest Stock Analysis on CVE

Institutional Investors Weigh In On Cenovus Energy

A number of hedge funds have recently made changes to their positions in the stock. J.W. Cole Advisors Inc. lifted its stake in shares of Cenovus Energy by 3.9% during the 4th quarter. J.W. Cole Advisors Inc. now owns 13,407 shares of the oil and gas company’s stock worth $227,000 after purchasing an additional 500 shares during the last quarter. Gateway Investment Advisers LLC lifted its stake in shares of Cenovus Energy by 0.6% during the 4th quarter. Gateway Investment Advisers LLC now owns 93,986 shares of the oil and gas company’s stock worth $1,590,000 after purchasing an additional 523 shares during the last quarter. International Assets Investment Management LLC lifted its stake in shares of Cenovus Energy by 0.9% during the 4th quarter. International Assets Investment Management LLC now owns 65,248 shares of the oil and gas company’s stock worth $1,104,000 after purchasing an additional 565 shares during the last quarter. OLD National Bancorp IN lifted its stake in shares of Cenovus Energy by 5.2% during the 1st quarter. OLD National Bancorp IN now owns 12,597 shares of the oil and gas company’s stock worth $334,000 after purchasing an additional 618 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in shares of Cenovus Energy by 24.4% during the 4th quarter. Farther Finance Advisors LLC now owns 3,307 shares of the oil and gas company’s stock worth $56,000 after purchasing an additional 649 shares during the last quarter. 51.19% of the stock is currently owned by hedge funds and other institutional investors.

Cenovus Energy Stock Performance

Shares of Cenovus Energy stock opened at $31.60 on Tuesday. The stock’s fifty day moving average is $26.38 and its two-hundred day moving average is $21.39. The company has a market capitalization of $59.24 billion, a PE ratio of 17.36 and a beta of 0.37. The company has a quick ratio of 1.00, a current ratio of 1.57 and a debt-to-equity ratio of 0.33. Cenovus Energy has a 52 week low of $12.88 and a 52 week high of $31.68.

Cenovus Energy (NYSE:CVE – Get Free Report) (TSE:CVE) last announced its quarterly earnings data on Wednesday, May 6th. The oil and gas company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.56 by $0.05. The company had revenue of $10.79 billion for the quarter, compared to the consensus estimate of $9.47 billion. Cenovus Energy had a return on equity of 15.29% and a net margin of 9.53%.Cenovus Energy’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.47 EPS. As a group, analysts expect that Cenovus Energy will post 3.01 earnings per share for the current year.

Cenovus Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a $0.22 dividend. The ex-dividend date is Monday, June 15th. This represents a $0.88 annualized dividend and a dividend yield of 2.8%. This is a positive change from Cenovus Energy’s previous quarterly dividend of $0.20. Cenovus Energy’s dividend payout ratio (DPR) is currently 32.42%.

About Cenovus Energy

(Get Free Report)

Cenovus Energy Inc is a Canadian integrated energy company engaged in the exploration, development and production of crude oil, natural gas liquids and natural gas, together with downstream refining and marketing activities. Headquartered in Calgary, Alberta, Cenovus operates a mix of oil sands thermal and dilbit assets, conventional oil and gas properties, and owns refining and midstream assets designed to move and process hydrocarbons into finished petroleum products for commercial markets.

The company was originally formed as a spin‑off from Encana Corporation in 2009 and has grown through organic development and strategic acquisitions.

Analyst Recommendations for Cenovus Energy (NYSE:CVE)

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