CVE

Cenovus Energy Inc

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15.020

+0.56(3.873%)1D

Overview
Forecast
Valuation
Earnings

High

15.050

Open

14.570

VWAP

Vol

12.82M

Mkt Cap

27.12B

Low

14.550

Amount

EV/EBITDA(TTM)

4.55

Total Shares

1.87B

44.08B

EV/OCF(TTM)

5.11

P/S(TTM)

0.67

Cenovus Energy Inc. is a Canada-based integrated energy company. The Company has oil and natural gas production operations in Canada and the Asia Pacific region, and upgrading, refining and marketing operations in Canada and the United States. The Company's segments include Upstream, Downstream, and Corporate and Eliminations. Its Upstream segment includes Oil Sands, Conventional, and Offshore. Its Downstream segment consists of Canadian Manufacturing and the United States Manufacturing. The Company's upstream operations include oil sands projects in northern Alberta, thermal and conventional crude oil, natural gas and natural gas liquids (NGLs) projects across Western Canada, crude oil production offshore Newfoundland and Labrador and natural gas and NGLs production offshore China and Indonesia. The Company's downstream operations include upgrading and refining operations in Canada and the United States, and commercial fuel operations across Canada.

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2025Q2

FY2025Q3

FY2025Q4

9.72B

-45.29%

0.207

-49.94%

10.13B

-33.25%

0.248

-17.46%

11.28B

-11.95%

0.262

+39.32%

Estimates Revision

The market is revising Upward the revenue expectations for Cenovus Energy Inc. (CVE) for FY2025, with the revenue forecasts being adjusted by 7.46% over the past three months. During the same period, the stock price has changed by 23.93%.

Revenue Estimates for FY2025

Revise Upward

+7.46%

In Past 3 Month

EPS Estimates for FY2025

Revise Downward

-22.81%

In Past 3 Month

Stock Price

Go Up

+23.93%

In Past 3 Month

7 Analyst Rating

21.17% Upside

Wall Street analysts forecast CVE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CVE is 18.20 USD with a low forecast of 13.84 USD and a high forecast of 21.85 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

5 Buy

1 Hold

1 Sell

Moderate Buy

21.17% Upside

Current: 15.020

Low

13.84

Averages

18.20

High

21.85

21.17% Upside

Current: 15.020

Low

13.84

Averages

18.20

High

21.85

CIBC

Dennis Fong

maintain

$28 -> $30

2025-07-18

Reason

CIBC

Dennis Fong

Price Target

$28 -> $30

2025-07-18

maintain

Reason

CIBC analyst Dennis Fong raised the firm's price target on Cenovus Energy to C$30 from C$28 and keeps an Outperformer rating on the shares.

National Bank

Travis Wood

Sector Perform

maintain

$23 -> $24

2025-07-17

Reason

National Bank

Travis Wood

Price Target

$23 -> $24

2025-07-17

maintain

Sector Perform

Reason

National Bank analyst Travis Wood raised the firm's price target on Cenovus Energy to C$24 from C$23 and keeps a Sector Perform rating on the shares.

JPMorgan

Arun Jayaram

downgrade

2025-07-07

Reason

JPMorgan

Arun Jayaram

Price Target

2025-07-07

downgrade

Reason

JPMorgan analyst Arun Jayaram removed Cenovus Energy from the firm's U.S. Equity Analyst Focus List following a change in analyst coverage.

Veritas

Darryl McCoubrey

Buy

Reduce

downgrade

$19

2025-05-14

Reason

Veritas

Darryl McCoubrey

Price Target

$19

2025-05-14

downgrade

Buy

Reduce

Reason

Veritas analyst Darryl McCoubrey downgraded Cenovus Energy to Reduce from Buy with a C$19 price target.

Raymond James

NULL -> Outperform

maintain

$27 -> $29

2025-05-09

Reason

Raymond James

Price Target

$27 -> $29

2025-05-09

maintain

NULL -> Outperform

Reason

Raymond James raised the firm's price target on Cenovus Energy to C$29 from C$27 and keeps an Outperform rating on the shares.

National Bank

Travis Wood

Sector Perform

downgrade

$25 -> $23

2025-04-25

Reason

National Bank

Travis Wood

Price Target

$25 -> $23

2025-04-25

downgrade

Sector Perform

Reason

National Bank analyst Travis Wood lowered the firm's price target on Cenovus Energy to C$23 from C$25 and keeps a Sector Perform rating on the shares.

See All Ratings

Valuation Metrics

The current forward P/E ratio for Cenovus Energy Inc (CVE.N) is 25.51, compared to its 5-year average forward P/E of 7.02. For a more detailed relative valuation and DCF analysis to assess Cenovus Energy Inc 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

N/A

5Y Average PE

7.02

Current PE

25.51

Overvalued PE

16.00

Undervalued PE

-1.96

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

Overvalued

5Y Average EV/EBITDA

4.48

Current EV/EBITDA

5.66

Overvalued EV/EBITDA

5.57

Undervalued EV/EBITDA

3.38

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

Fair

5Y Average PS

0.64

Current PS

0.77

Overvalued PS

0.84

Undervalued PS

0.45