Companies /Energy

Cenovus Energy Inc

NYSE: CVE Oil & Gas Integrated
$31.24
▼ $0.23 (−0.73%) today
Markets closed · 1:51am ET
24/7 Rating HOLD
12-Month Price Target
$32.38 +2.8% upside

Set by 24/7 Wall St.’s proprietary analysis of professional targets, profit trajectory, sector, risk, and retail attention. How we calculate our price targets →

Current close $31.48
Street consensus $37.01
Ours vs. the Street −12.5%
$26.82Conservative$31.48Current$32.38Our Target$37.51Optimistic
12-Month Projection Historical Optimistic Target Conservative
$18$24$30$36Oct 2025Oct 2027Today$37.51$32.38$26.82
$18$24$30$36Oct 2025Oct 2027Today$37.51$32.38$26.82

Analyst Sentiment

18ANALYSTS
Buy18100%
Hold00%
Sell00%
The Bottom Line

Cenovus Energy is fairly valued at current levels. With our price target of $32.38 suggesting modest upside, the stock appears to be trading near fair value. Consider your portfolio allocation and investment timeline before making a decision.

The 24/7 Factor

Base Growth
Conservative growth baseline (reduced to avoid double-counting P/E growth)
1.05×
Analyst Consensus
Strong analyst consensus (bullish)
+6.0%
Earnings Growth
Strong earnings acceleration
+3.0%
Volatility Adjustment
Lower volatility stock
+0.8%
Price Position
Trading near 52-week high
+1.5%
Read our full methodology →

5-Year Projection

Long-Term Forecast Optimistic Target Conservative
$28$35$42$49’26’27’28’29’30’31$50.04$38.32$27.15
$28$35$42$49’26’27’28’29’30’31$50.04$38.32$27.15

Prediction History

CVE Price Target History Our Target Stock Price
$30$35$40Jul 9Oct 2$32.95$32.43
$30$35$40Jul 9Oct 2$32.95$32.43
$24$28$32$36May 28Oct 2$32.95$32.43
$24$28$32$36May 28Oct 2$32.95$32.43
Date Price Target Stock Price Rating Upside
$32.95 $32.43 HOLD +1.6%
$32.01 $30.95 HOLD +3.4%
$41.00 $32.62 BUY +25.7%
$41.51 $33.11 BUY +25.4%
$41.33 $32.37 BUY +27.7%
$38.27 $31.58 BUY +21.2%
$39.18 $32.93 BUY +19.0%
$36.81 $31.01 BUY +18.7%
Date Price Target Stock Price Rating Upside
$32.95 $32.43 HOLD +1.6%
$32.01 $30.95 HOLD +3.4%
$38.27 $31.58 BUY +21.2%
$33.96 $30.32 BUY +12.0%
$25.78 $24.68 HOLD +4.5%
$25.42 $27.47 HOLD −7.5%

Frequently Asked Questions

What is the CVE stock price prediction for 2030?

Looking ahead to 2030, our model projects CVE could trade at an average price of $36.84, with a potential range between $27.63 and $46.05. This represents a potential 17.0% return from today’s price. Long-term forecasts depend heavily on company execution, competitive dynamics, and broader market conditions.

Is CVE a buy, sell, or hold right now?

24/7 Wall St. currently rates CVE as a HOLD. Near fair value (2.8%) Among Wall Street analysts, 18 rate it Buy, 0 rate it Hold, and 0 rate it Sell.

What is the CVE stock price target in an optimistic scenario?

In our optimistic scenario for CVE, the stock could reach $37.51 over the next 12 months, representing a 19.2% gain from today’s price. This scenario assumes favorable conditions materialize, including strong earnings growth, positive market sentiment, and successful execution of company initiatives.

What is the downside risk for CVE stock?

In our conservative scenario, CVE could trade as low as $26.82 over the next 12 months, representing a 14.8% decline from current levels. This scenario accounts for potential headwinds including earnings misses, competitive pressures, or broader market weakness.

Projections are estimates based on current data, updated daily. Not investment advice. Learn how we calculate these projections →