Wall Street Zen Upgrades Cenovus Energy (NYSE:CVE) to “Strong-Buy”

Posted by Stanley Muller on Oct 13th, 2026

Cenovus Energy (NYSE:CVE – Get Free Report) (TSE:CVE) was upgraded by investment analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued on Sunday, Wall Street Zen reports.

Several other research firms also recently commented on CVE. Gerdes Energy Research upgraded Cenovus Energy from a “neutral” rating to a “buy” rating and set a $50.00 price objective on the stock in a research note on Wednesday, September 2nd. JPMorgan Chase & Co. raised Cenovus Energy from a “neutral” rating to an “overweight” rating in a report on Tuesday, September 8th. UBS Group downgraded Cenovus Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, September 2nd. Raymond James Financial restated an “outperform” rating on shares of Cenovus Energy in a research note on Wednesday, September 16th. Finally, Weiss Ratings upgraded Cenovus Energy from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $39.00.

View Our Latest Report on CVE

Cenovus Energy Stock Performance

Shares of CVE stock opened at $31.82 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.04 and a current ratio of 1.63. The firm has a market cap of $57.97 billion, a price-to-earnings ratio of 12.24 and a beta of 0.46. Cenovus Energy has a 52 week low of $15.63 and a 52 week high of $34.16. The firm’s 50-day simple moving average is $31.61 and its two-hundred day simple moving average is $28.92.

Cenovus Energy (NYSE:CVE – Get Free Report) (TSE:CVE) last released its earnings results on Wednesday, July 29th. The oil and gas company reported $1.11 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.11. Cenovus Energy had a net margin of 12.37% and a return on equity of 21.08%. The firm had revenue of $14.59 billion during the quarter, compared to the consensus estimate of $11.87 billion. During the same period in the prior year, the firm earned $0.45 EPS. The company’s revenue was up 47.9% compared to the same quarter last year. As a group, equities analysts forecast that Cenovus Energy will post 4.06 earnings per share for the current year.

Hedge Funds Weigh In On Cenovus Energy

Several hedge funds have recently bought and sold shares of CVE. Orion Capital Management LLC bought a new stake in shares of Cenovus Energy in the 2nd quarter worth approximately $25,000. Versant Capital Management Inc grew its holdings in shares of Cenovus Energy by 990.9% during the 3rd quarter. Versant Capital Management Inc now owns 1,080 shares of the oil and gas company’s stock valued at $34,000 after purchasing an additional 981 shares during the last quarter. Gables Capital Management Inc. bought a new position in shares of Cenovus Energy during the 2nd quarter valued at $35,000. GK Wealth Management LLC purchased a new position in Cenovus Energy in the 3rd quarter worth $59,000. Finally, Allworth Financial LP purchased a new position in Cenovus Energy in the 2nd quarter worth $68,000. Hedge funds and other institutional investors own 51.19% of the company’s stock.

Cenovus Energy Company Profile

(Get Free Report)

Cenovus Energy Inc (NYSE:CVE) is an integrated Canadian energy company headquartered in Calgary, Alberta. The company develops and produces crude oil, natural gas and natural gas liquids, with a significant focus on oil sands operations in Alberta. Its upstream activities include oil sands mining and in situ production, conventional oil and gas production, and the upgrading of heavy crude into synthetic crude oil.

Cenovus also operates in the downstream energy sector through crude oil refining, petroleum upgrading, marketing and distribution.