Cenovus Energy (TSE:CVE) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

Posted by Stanley Muller on Jul 30th, 2026

Cenovus Energy (TSE:CVE – Get Free Report) (NYSE:CVE) had its target price lifted by equities researchers at Royal Bank Of Canada from C$47.00 to C$51.00 in a research note issued on Thursday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price suggests a potential upside of 21.86% from the stock’s current price.

CVE has been the topic of a number of other reports. JPMorgan Chase & Co. lowered their price target on shares of Cenovus Energy from C$47.00 to C$45.00 in a research note on Thursday, July 9th. Desjardins set a C$50.00 price objective on shares of Cenovus Energy and gave the stock a “buy” rating in a report on Friday, July 17th. Scotia upped their target price on shares of Cenovus Energy from C$38.00 to C$44.00 and gave the stock a “sector outperform” rating in a research report on Thursday, May 7th. Raymond James Financial increased their target price on shares of Cenovus Energy from C$41.00 to C$46.00 and gave the company an “outperform” rating in a report on Thursday. Finally, TD lifted their price target on shares of Cenovus Energy from C$45.00 to C$46.00 and gave the company a “buy” rating in a research report on Wednesday, July 22nd. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of C$43.73.

View Our Latest Analysis on Cenovus Energy

Cenovus Energy Price Performance

CVE stock traded up C$1.02 on Thursday, reaching C$41.85. 2,223,963 shares of the company’s stock were exchanged, compared to its average volume of 7,872,472. The stock has a fifty day moving average of C$38.28 and a 200-day moving average of C$34.71. Cenovus Energy has a twelve month low of C$19.97 and a twelve month high of C$44.13. The firm has a market cap of C$78.04 billion, a PE ratio of 16.67, a P/E/G ratio of 0.09 and a beta of 0.17. The company has a quick ratio of 1.00, a current ratio of 1.57 and a debt-to-equity ratio of 42.29.

Cenovus Energy (TSE:CVE – Get Free Report) (NYSE:CVE) last released its quarterly earnings data on Wednesday, July 29th. The company reported C$1.53 earnings per share (EPS) for the quarter. Cenovus Energy had a return on equity of 15.23% and a net margin of 9.52%.The firm had revenue of C$17.43 billion during the quarter. As a group, equities analysts predict that Cenovus Energy will post 2.2619279 EPS for the current fiscal year.

Insider Buying and Selling at Cenovus Energy

In other news, insider Susan Mary Anderson-Olney sold 19,379 shares of the company’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of C$41.84, for a total value of C$810,817.36. Following the sale, the insider directly owned 33,275 shares in the company, valued at C$1,392,226. This represents a 36.80% decrease in their ownership of the stock. Also, insider Jonathan Michael Mckenzie sold 69,387 shares of the stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of C$39.51, for a total value of C$2,741,480.37. Following the sale, the insider directly owned 1,143,824 shares in the company, valued at approximately C$45,192,486.24. The trade was a 5.72% decrease in their position. Insiders sold 225,897 shares of company stock worth $8,990,614 over the last 90 days. Company insiders own 32.03% of the company’s stock.

Cenovus Energy Company Profile

(Get Free Report)

Cenovus Energy is an integrated oil company, focused on creating value through the development of its oil sands assets. The company also engages in production of conventional crude oil, natural gas liquids, and natural gas in Alberta, Canada, with refining operations in the U.S. Net upstream production averaged 472 thousand barrels of oil equivalent per day in 2020, and the company estimates that it holds 6.7 billion boe of proven and probable reserves.