Cenovus Energy Inc (CVE) Stock Forecast & Predictions

Cenovus Energy Inc CVE: $9.905

650 Georgia St W Suite 1710, Vancouver, British Columbia, Canada. | Sector: Mining, Quarrying, and Oil and Gas Extraction | Exchange: NEW YORK STOCK EXCHANGE INC. | Web: www.cenovus.com

  • Market Cap$19.31B
  • Change (52 Weeks)147.17%
  • Low (52 Weeks)$3.14
  • Cenovus Energy Inc (CVE) Forecast Based on Technical Analysis


    Neutral
    Based on 16 Technical Indicators where 31.25% are on Buy, 18.75% on Sell, and 50.00% Neutral.

    According to the market data, Cenovus Energy Inc (CVE) stock price is $9.905 and the 52 weeks low is $3.14, which means the Cenovus Energy Inc stock price is up 147.17% in the last 12 months.

    Cenovus Energy Inc (CVE) Stock Price is not Trending currently as per the Weekly Chart, which means the price may range between specific high and low levels for the next few months, unless some significant changes take place in the market performance or news.

    Technical Indicators are algorithms that are used mostly by Technical traders to predict the price action of a stock.

    Based on our analysis of 16 technical indicators, 31.25% are indicating that CVE Stock price might rise further, 18.75% indicating that CVE Stock price might fall, and 50.00% are in a neutral position.

    Based on these technical algorithms, overall CVE stock price has a Neutral Signal, which means the stock price has the potential to move either up or down, depending on the nature of consolidating market phase, since majority of indicators are providing a neutral signal.

    Cenovus Energy Inc (CVE) Stock Forecast By Analysts


    Strong Buy
    Analysts Recommendations for Cenovus Energy Inc (CVE) is based on 23 Institutional Analyst Ratings where 65.22% are on Strong Buy, 21.74% on Moderate Buy, 13.04% remains on Hold, 0.00% are on Moderate Sell and 0.00% are on Strong Sell.

    Out of 23 Institutional Analysts, majority recommended CVE stock as Strong Buy. Since most investors and traders follow analyst ratings closely, this can be a potentially driving factor for the future stock price of Cenovus Energy Inc.

    Cenovus Energy Inc (CVE) Stock Price Prediction By Analysts


    HighLowAverage
    $18.16$9.53$12.76
    $12.7628.8% Upside
    Updated: 2021-09-19 00:00:00

    The Average Price target for CVE set by the institutional analysts is $12.76 where High Estimate is $18.16, Median $12.527481867633727 and Low $9.53.

    The average price target for CVE by Institutional Analysts is $12.76, which is 28.8% Upside from the current price. So according to the Institutional Analysts, CVE Stock might be a bit undervalued at this stage and there’s potential for upside.

    However, although Institutional Analysts set their price targets after extensive research, they’re not always correct. After all, the market is mostly driven by investors speculation and emotion than just concrete numbers.

    Cenovus Energy Inc (CVE) Stock Forecasts By Institutional Analysts


    Analyst
    Recommendation
    Action
    RBC CapitalOutperformMaintained
    JPMorgan ChaseBuyMaintained
    JPMorgan ChaseUpgraded
    Raymond James FinancialMarket PerformInitiated
    Goldman SachsBuyInitiated
    Tudor PickeringBuyInitiated
    RBC CapitalOutperformUpgraded
    Raymond James FinancialMarket PerformUpgraded
    JPMorgan ChaseUpgraded
    CIBC World MarketsOutperformMaintained
    Raymond James FinancialMarket PerformInitiated
    National Bank FinancialUpgraded
    Credit SuisseUpgraded
    BarclaysUpgraded
    SbankUpgraded
    CitigroupUpgraded
    CIBC World MarketsUpgraded
    UBSBuyMaintained
    RBC CapitalOutperformUpgraded
    BMO Capital MarketsUpgraded
    National Bank FinancialOutperformUpgraded
    UBSBuyUpgraded
    SbankOutperformUpgraded
    JPMorgan ChaseUpgraded
    Credit SuisseUpgraded
    Tudor PickeringBuyMaintained
    CitigroupDowngraded
    Tudor PickeringBuyInitiated
    ATB CapitalOutperformDowngraded
    Raymond James FinancialOutperformInitiated
    Tudor PickeringBuyUpgraded
    CIBC World MarketsOutperformMaintained
    Raymond James FinancialOutperformDowngraded
    SbankOutperformUpgraded
    CitigroupOutperformUpgraded
    Tudor PickeringBuyInitiated
    Raymond James FinancialOutperformUpgraded
    RBC CapitalOutperformInitiated
    BMO Capital MarketsUpgraded
    National Bank FinancialOutperformReiterated
    Eight CapitalUpgraded
    RBC CapitalBuyInitiated
    Raymond James FinancialMarket PerformMaintained
    JPMorgan ChaseUpgraded
    TD SecuritiesBuyDowngraded
    RBC CapitalOutperformInitiated
    National Bank FinancialOutperformDowngraded
    Tudor PickeringBuyInitiated
    CitigroupUpgraded
    ATB CapitalOutperformInitiated
    SbankSector PerformMaintained
    Raymond James FinancialMarket PerformUpgraded
    CIBC World MarketsOutperformInitiated
    SbankUpgraded
    UBSMarket PerformMaintained
    UBSUpgraded
    TD SecuritiesBuyUpgraded
    Tudor PickeringBuyMaintained
    Tudor PickeringBuyUpgraded
    RBC CapitalOutperformUpgraded
    Tudor PickeringHoldInitiated
    TD SecuritiesHoldUpgraded
    BMO Capital MarketsDowngraded
    CitigroupDowngraded
    Morgan StanleyDowngraded
    JP MorganUnderweightDowngraded
    TD SecuritiesBuyUpgraded
    Raymond James FinancialMarket PerformUpgraded
    Raymond James FinancialMarket PerformUpgraded
    Morgan StanleyUpgraded
    BMO Capital MarketsUpgraded
    National Bank FinancialOutperformUpgraded
    CitigroupUpgraded
    SbankSector PerformDowngraded
    Tudor PickeringHoldInitiated
    Goldman SachsBuyInitiated
    CitigroupDowngraded
    National Bank FinancialOutperformUpgraded
    Raymond James FinancialMarket PerformUpgraded
    CIBC World MarketsDowngraded
    Goldman SachsBuyInitiated
    SbankDowngraded
    Raymond James FinancialMarket PerformInitiated
    National Bank FinancialOutperformDowngraded
    Credit SuisseDowngraded
    Tudor PickeringHoldDowngraded
    RBC CapitalDowngraded
    Morgan StanleyDowngraded
    TD SecuritiesBuyDowngraded
    Raymond James FinancialMarket PerformDowngraded
    JPMorgan ChaseDowngraded
    National Bank FinancialOutperformDowngraded
    Canaccord GenuityDowngraded
    JPMorgan ChaseNeutralDowngraded
    TD SecuritiesBuyDowngraded
    Raymond James FinancialMarket PerformInitiated
    National Bank FinancialOutperformDowngraded
    Tudor PickeringBuyInitiated
    National Bank FinancialOutperformDowngraded
    SbankDowngraded
    Canaccord GenuityUpgraded
    Tudor PickeringBuyInitiated
    Raymond James FinancialMarket PerformInitiated
    Raymond James FinancialMarket PerformReiterated
    Morgan StanleyUnderweightDowngraded
    RBC CapitalDowngraded
    CIBC World MarketsDowngraded
    CitigroupUpgraded
    AltaCorp CapitalOutperformUpgraded
    UBSNeutralMaintained
    Tudor PickeringBuyReiterated
    Raymond James FinancialMarket PerformInitiated
    National Bank FinancialOutperformUpgraded
    Goldman SachsBuyUpgraded
    RBC CapitalOutperformUpgraded
    Credit SuisseDowngraded
    Raymond James FinancialMarket PerformInitiated
    National Bank FinancialOutperformUpgraded
    GMP SecuritiesDowngraded
    BMO Capital MarketsUpgraded
    RBC CapitalDowngraded
    CIBC World MarketsOutperformUpgraded
    National Bank FinancialOutperformDowngraded
    Canaccord GenuityDowngraded
    GMP SecuritiesDowngraded
    National Bank FinancialOutperformDowngraded
    UBSDowngraded
    CitigroupDowngraded
    BMO Capital MarketsDowngraded
    Raymond James FinancialUpgraded
    JPMorgan ChaseUpgraded
    Goldman SachsNeutralUpgraded
    National Bank FinancialUpgraded
    Raymond James FinancialMarket PerformDowngraded
    National Bank FinancialOutperformUpgraded
    BMO Capital MarketsOutperformUpgraded
    Morgan StanleyDowngraded
    Credit SuisseOutperformInitiated
    Canaccord GenuityDowngraded
    BarclaysDowngraded
    GMP SecuritiesDowngraded
    Raymond James FinancialMarket PerformInitiated
    JPMorgan ChaseDowngraded
    National Bank FinancialOutperformDowngraded
    CIBC World MarketsDowngraded
    Morgan StanleyDowngraded
    Canaccord GenuityDowngraded
    TD SecuritiesBuyUpgraded
    Raymond James FinancialMarket PerformInitiated
    Canaccord GenuityDowngraded
    TD SecuritiesBuyUpgraded
    Canaccord GenuityDowngraded
    Morgan StanleyDowngraded
    Morgan StanleyEqual-WeightMaintained
    Raymond James FinancialUpgraded
    CIBC World MarketsOutperformInitiated
    CIBCOutperformerInitiated
    JPMorgan ChaseOutperformUpgraded
    Goldman SachsSellDowngraded
    Canaccord GenuityHoldDowngraded
    MacquarieNeutralUpgraded
    TD SecuritiesHoldUpgraded
    RBC CapitalOutperformDowngraded
    National Bank FinancialOutperformDowngraded
    Credit SuisseUpgraded
    Canaccord GenuityUpgraded
    Raymond James FinancialUpgraded
    National Bank FinancialOutperform OverweightUpgraded
    Morgan StanleyEqual-WeightMaintained
    CitigroupUpgraded
    BMO Capital MarketsOutperformUpgraded
    BMO CapitalOutperformUpgraded
    Canaccord GenuityUpgraded
    National Bank FinancialSector PerformDowngraded
    BMO Capital MarketsMarket PerformUpgraded
    Raymond James FinancialMarket PerformUpgraded
    Raymond JamesMarket PerformUpgraded
    Morgan StanleyEqual-WeightMaintained
    Credit SuisseUpgraded
    Canaccord GenuityDowngraded
    National Bank FinancialSector PerformDowngraded
    UBSNeutralInitiated
    TD SecuritiesHoldDowngraded
    Eight CapitalNeutralInitiated
    National Bank FinancialSector PerformUpgraded
    TD SecuritiesHoldUpgraded
    CitigroupUpgraded
    SbankSector PerformDowngraded
    CIBC World MarketsUpgraded
    TD SecuritiesHoldUpgraded
    JPMorgan ChaseUpgraded
    BMO Capital MarketsUpgraded
    National Bank FinancialSector PerformUpgraded
    Morgan StanleyOverweightMaintained
    CIBC World MarketsUpgraded
    National Bank FinancialSector PerformUpgraded
    Canaccord GenuityUpgraded
    BarclaysOverweightUpgraded
    JPMorgan ChaseUpgraded
    National Bank FinancialSector PerformDowngraded
    Canaccord GenuityUpgraded
    Credit SuisseOutperformDowngraded
    Raymond James FinancialUnderperformUpgraded
    National Bank FinancialUpgraded
    CIBC World MarketsDowngraded
    TD SecuritiesHoldMaintained
    National Bank FinancialSector PerformInitiated
    TD SecuritiesBuyMaintained
    Desjardins SecuritiesBuyMaintained
    CIBC World MarketsMaintained
    BMO Capital MarketsMarket PerformMaintained
    Credit SuisseOutperformMaintained
    RBC CapitalOutperformMaintained
    TD SecuritiesBuyMaintained
    BarclaysMaintained
    Desjardins SecuritiesMaintained
    BMO Capital MarketsMarket PerformMaintained
    RBC CapitalMaintained
    InstinetMaintained
    Raymond James FinancialMarket PerformMaintained
    Canaccord GenuityHoldMaintained
    SbankOutperformMaintained
    Raymond James FinancialMarket PerformMaintained
    CIBC World MarketsMaintained
    MacquarieUnderperformDowngraded
    Goldman SachsSellDowngraded
    Edward JonesHoldDowngraded
    CIBC World MarketsMaintained
    UBSMaintained
    SbankOutperformMaintained
    Raymond James FinancialMaintained
    Raymond James FinancialMaintained
    Bank of AmericaNeutralInitiated
    TD SecuritiesHoldMaintained
    TD SecuritiesBuyMaintained
    SbankOutperformMaintained
    JP MorganNeutralMaintained
    JPMorgan ChaseMaintained
    Desjardins SecuritiesMaintained
    Morgan StanleyOverweightUpgraded
    Raymond James FinancialMaintained
    UBSNeutralMaintained
    National Bank FinancialOutperformMaintained
    CIBC World MarketsMaintained
    BarclaysUnderweightMaintained
    BarclaysMaintained
    CIBC World MarketsMaintained
    BarclaysMaintained
    Goldman SachsBuyMaintained
    TD SecuritiesBuyMaintained
    CitigroupMaintained
    BMO Capital MarketsAt Market PerformMaintained
    UBSNeutralDowngraded
    Goldman SachsBuyUpgraded
    NomuraNeutralUpgraded
    RBC CapitalOutperformMaintained
    Raymond James FinancialMaintained
    BarclaysMaintained
    JP MorganNeutralMaintained
    First EnergyOutperformMaintained
    RBC CapitalOutperformMaintained
    BMO Capital MarketsAt Market PerformMaintained
    Goldman SachsNeutralUpgraded
    SbankSector OutperformMaintained
    BMO Capital MarketsMaintained
    BarclaysUnderweightDowngraded
    CitigroupNeutralMaintained
    Raymond James FinancialOutperformMaintained
    JPMorgan ChaseMaintained
    BarclaysMaintained
    CitigroupNeutralMaintained
    RBC CapitalMaintained
    JPMorgan ChaseNeutralMaintained
    JP MorganNeutralMaintained
    National Bank FinancialMaintained
    UBSBuyInitiated
    NomuraInitiated
    GMP SecuritiesHoldInitiated
    Credit SuisseNeutralMaintained
    Raymond James FinancialMaintained
    TD SecuritiesBuyUpgraded
    CIBC World MarketsSector PerformMaintained
    RBC CapitalOutperformMaintained
    National Bank FinancialSector PerformMaintained
    SbankMaintained
    Bank of AmericaNeutralDowngraded
    First EnergyMaintained
    TD SecuritiesHoldMaintained
    Societe GeneraleHoldMaintained
    National Bank FinancialSector PerformMaintained
    CIBC World MarketsSector PerformMaintained
    Raymond James FinancialOutperformMaintained
    CIBC World MarketsSector PerformMaintained
    Societe GeneraleHoldMaintained
    National Bank FinancialSector PerformMaintained
    TD SecuritiesMaintained
    CIBC World MarketsMaintained
    National Bank FinancialSector PerformMaintained
    CitigroupBuyMaintained
    Societe GeneraleHoldMaintained
    AltaCorp CapitalSector PerformInitiated
    TD SecuritiesHoldMaintained
    National Bank FinancialMaintained
    BarclaysEqual WeightMaintained
    CIBC World MarketsSector PerformMaintained
    CIBCSector PerformMaintained
    Cormark SecuritiesMarket PerformDowngraded
    Macquarie ResearchNeutralMaintained
    National Bank FinancialSector PerformMaintained
    CIBC World MarketsSector PerformMaintained
    Seaport GlobalNeutralDowngraded
    CIBC World MarketsSector PerformMaintained
    Raymond James FinancialOutperformMaintained
    Morgan StanleyEqual-WeightInitiated
    Morgan StanleyEqual-WeightInitiated
    Cormark SecuritiesBuyUpgraded
    TD SecuritiesMaintained
    First EnergyOutperformMaintained
    SbankSector OutperformMaintained
    RBC CapitalOutperformMaintained
    Canaccord GenuityHoldDowngraded
    ScotiabankOutperformMaintained
    Raymond James FinancialOutperformMaintained
    Cormark SecuritiesMarket PerformDowngraded
    TD SecuritiesMaintained
    Global HunterBuyMaintained
    Canaccord GenuityBuyMaintained
    BMO Capital MarketsMaintained
    TD SecuritiesMaintained
    RBC CapitalOutperformMaintained
    BMO Capital MarketsOutperformMaintained
    Canaccord GenuityBuyMaintained
    Global Hunter SecuritiesBuyInitiated
    TD SecuritiesBuyUpgraded
    CIBC World MarketsSector PerformMaintained
    Canaccord GenuityBuyMaintained
    BMO Capital MarketsMaintained
    RBC CapitalOutperformMaintained
    CIBC World MarketsSector OutperformMaintained
    BMO CapitalOutperformMaintained
    Canaccord GenuityMaintained
    TD SecuritiesBuyMaintained
    BarclaysOverweightUpgraded
    Societe GeneraleHoldUpgraded

    Cenovus Energy Inc (CVE) Stock Earning Per Share (EPS) Forecast / Estimate


    $0.446
    The average consensus EPS for CVE is $0.446 with a high estimate of $0.578 and Low of $0.333 for the period 2021-12-31 and based on 8 Institutional Analysts.

    Last Quarter


    Actual
    Estimate
    Date
    $0.08$0.07087172021-03-31


    Earning Per Share (EPS) History


    Actual
    Estimate
    Date
    $0.11$0.30880752021-06-30
    $0.08$0.07087172021-03-31
    $-0.45$-0.0987782020-12-31
    $-0.37$-0.06592272020-09-30
    $-0.34$-0.54200642020-06-30
    $-0.97$-0.23083552020-03-31
    $-0.13$0.10292912019-12-31
    $0.23$0.199899200000000032019-09-30
    $0.22$0.3455212019-06-30
    $0.06$0.23064362019-03-31
    $-1.36$-0.224222018-12-31
    $-0.03$0.2166452018-09-30
    $-0.24$0.02794672018-06-30
    $-0.4$-0.139382018-03-31
    $0.71$0.11856392017-12-31
    $0.28$0.144874400000000012017-09-30
    $0.31$0.02264422017-06-30
    $-0.05$-0.082739200000000012017-03-31
    $0.39$-0.05193422016-12-31
    $-0.28$-0.0899912016-09-30
    $-0.05$-0.19515222016-06-30
    $-0.51$-0.40969642016-03-31
    $-0.53$-0.22649252015-12-31
    $-0.03$-0.0418142015-09-30
    $0.18$0.10078792015-06-30
    $-0.11$-0.08793062015-03-31
    $-0.12$0.12088692014-12-31
    $0.49$0.41417072014-09-30
    $0.62$0.49468792014-06-30
    $0.5$0.488304700000000042014-03-31
    $0.28$0.36560992013-12-31
    $0.41$0.480295400000000042013-09-30
    $0.34$0.484396000000000052013-06-30
    $0.52$0.480638800000000032013-03-31
    $0.05$0.38825412012-12-31
    $0.57$0.54391532012-09-30
    $0.37$0.53010862012-06-30
    $0.45$0.54078432012-03-31
    $0.44$0.5499452011-12-31
    $0.4$0.51476669999999992011-09-30

    What is Analyst Ratings & Price Targets?

    The analysts provide Buy, Sell or Hold ratings after extensive research of a companies financial reports, listening to conference calls and some of them even get in contact with upper management of the company to get an overall picture of operation.

    Although institutional Analyst’s are not always correct, their ratings are followed by millions of traders around the world and they can heavily influence trading activities for a company.

    As a retail investor, going through analyst ratings will instantly provide you an idea if the stock is worth buying. Top Analysts also provide their price targets. It’s a prediction of where the stock price might go based on their analysis.

    The best way to analyze price targets is to combined average price targets of major analysts. If the average price target is much higher than the current price of the stock, then the probability of a stock going up is also high.

    What is Technical Analysis?

    Technical Analysis refers to analyzing a stock's price over a period of time. In the financial market, past price patterns are one of the strongest indicators of an asset's future performance.

    In easier terms, millions of traders use Live Charts to watch the stock prices, it is actually a single source of truth for most traders. When a stock's price reaches a significant price level/pattern in the chart, millions of traders take buy/sell positions from those levels.

    As a regular investor, one of the easiest ways to check technical analysis of a stock is through Technical Indicators. Technical Indicators are programmed algorithms that monitor price changes in the Charts and indicate Buy/Sell based on market conditions.

    Some Technical Indicators can be very powerful (e.g SMA) and some can be pretty useless. Stock research tools like iTradely heavily simplify the technical analysis process for the investors by showing Buy/Sell/Neutral ratings combined from 17 powerful technical indicators, all in one page.

    What is Earnings Per Share (EPS) and Why is it Important?

    EPS, or Earning Per Share, can tell a lot about a stock’s performance. It’s calculated by dividing a company’s profit by the number of outstanding shares of its common stocks.

    In layman’s term, earnings is an indicator of a company’s profitability. Higher the earnings, the more profitable a company is.
    Some traders pick stocks solely based on EPS or earnings Analysis, it is a very powerful indicator of a stock’s price.

    Before you buy a stock, check the company’s earnings History and Surprises. A Surprise happens when a company reports a much higher or lower actual earnings/EPS than the forecasted earnings/EPS.

    If a company reports higher EPS surprises consistently, analysts keep raising their estimates, traders become more confident in the company, driving the share price higher.

    What is Stock Sentiment?

    Stock Sentiment refers to how people speculating about the stock or what kind of trading position investors are often taking.

    There are different kinds of sentiments you can find online for a company, this includes Investor Sentiment (Percentage of investors buying or selling), News Sentiment (Is the company getting positive or negative impressions from the Press?), Social Sentiment (The overall trends about the company in social media, is it negative or positive?).