Cenovus Energy (NYSE:CVE) Rating Lowered to “Hold” at Zacks Research

Posted by George Bondi on Jun 18th, 2026

Cenovus Energy (NYSE:CVE – Get Free Report) (TSE:CVE) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Tuesday,Zacks.com reports.

A number of other equities analysts have also recently issued reports on CVE. BMO Capital Markets reaffirmed an “outperform” rating on shares of Cenovus Energy in a research note on Friday, February 20th. The Goldman Sachs Group reiterated a “buy” rating on shares of Cenovus Energy in a report on Wednesday, May 13th. Scotiabank reaffirmed an “outperform” rating on shares of Cenovus Energy in a research report on Thursday, May 7th. Wall Street Zen raised shares of Cenovus Energy from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 9th. Finally, Raymond James Financial lowered shares of Cenovus Energy from a “strong-buy” rating to an “outperform” rating in a research note on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $35.25.

View Our Latest Research Report on CVE

Cenovus Energy Stock Performance

NYSE CVE opened at $25.57 on Tuesday. Cenovus Energy has a 1-year low of $13.47 and a 1-year high of $32.07. The company has a current ratio of 1.57, a quick ratio of 1.00 and a debt-to-equity ratio of 0.33. The company has a 50 day moving average of $28.05 and a 200-day moving average of $23.11. The firm has a market cap of $47.82 billion, a price-to-earnings ratio of 14.05 and a beta of 0.34.

Cenovus Energy (NYSE:CVE – Get Free Report) (TSE:CVE) last released its quarterly earnings results 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. Cenovus Energy had a net margin of 9.53% and a return on equity of 15.29%. The business had revenue of $10.79 billion for the quarter, compared to analysts’ expectations of $9.47 billion. During the same period in the prior year, the firm earned $0.47 earnings per share. Cenovus Energy’s revenue was up 1.0% compared to the same quarter last year. On average, equities analysts forecast that Cenovus Energy will post 3.15 earnings per share for the current fiscal year.

Institutional Trading of Cenovus Energy

Large investors have recently made changes to their positions in the company. Ninepoint Partners LP boosted its position in shares of Cenovus Energy by 490.0% during the 3rd quarter. Ninepoint Partners LP now owns 3,540,000 shares of the oil and gas company’s stock worth $60,145,000 after acquiring an additional 2,940,000 shares in the last quarter. Lighthouse Investment Partners LLC lifted its stake in Cenovus Energy by 29.1% in the 3rd quarter. Lighthouse Investment Partners LLC now owns 484,000 shares of the oil and gas company’s stock valued at $8,216,000 after purchasing an additional 109,000 shares during the last quarter. Canoe Financial LP bought a new position in Cenovus Energy in the 4th quarter valued at approximately $102,662,000. Massachusetts Financial Services Co. MA raised its stake in shares of Cenovus Energy by 24.3% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 17,935,599 shares of the oil and gas company’s stock valued at $303,470,000 after acquiring an additional 3,507,525 shares during the last quarter. Finally, TD Asset Management Inc raised its stake in shares of Cenovus Energy by 3.6% during the fourth quarter. TD Asset Management Inc now owns 16,995,459 shares of the oil and gas company’s stock valued at $287,897,000 after acquiring an additional 595,518 shares during the last quarter. Institutional investors and hedge funds own 51.19% of the company’s stock.

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.