CVE Should I Buy
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Cenovus Energy Inc (CVE) is not a strong buy at the moment for a beginner, long-term investor with $50,000-$100,000 to invest. While the company has shown strong financial performance in the latest quarter, the technical indicators and options data suggest a neutral to slightly bearish sentiment. Additionally, the lack of recent positive news or strong trading signals from Intellectia Proprietary Trading Signals further supports a hold recommendation.
The technical indicators show mixed signals. The MACD is positive but contracting, RSI is neutral at 64.189, and moving averages are bullish (SMA_5 > SMA_20 > SMA_200). However, the stock has recently dropped -3.13% in regular market trading, and the pre-market change is also negative (-0.27%). The stock is trading near its pivot level (20.549), with resistance at 21.802 and support at 19.296.
Strong financial performance in Q3 2025 with a 58.32% YoY increase in net income and a 71.43% YoY increase in EPS.
Bullish moving averages and positive MACD histogram.
Analysts from Goldman Sachs and RBC Capital maintain Buy/Outperform ratings with price targets above the current price.
Recent price decline of -3.13% in regular market trading and negative pre-market movement.
Mixed analyst ratings, with JPMorgan downgrading the stock to Neutral.
Options data indicates bearish sentiment with a high Put-Call Ratio.
Revenue dropped -4.52% YoY in Q3
Stock trend analysis suggests a 40% chance of further declines in the short term.
In Q3 2025, Cenovus Energy reported revenue of $13.195 billion, down -4.52% YoY. However, net income increased significantly to $1.284 billion (+58.32% YoY), and EPS rose to 0.72 (+71.43% YoY). Gross margin also improved to 25.21%, up 18.41% YoY, indicating better profitability despite lower revenue.
Analyst ratings are mixed. Goldman Sachs recently raised its price target to $22 and reiterated a Buy rating, citing strong free cash flow growth. RBC Capital and TD Securities also maintain positive ratings with higher price targets. However, JPMorgan downgraded the stock to Neutral, citing relative valuation concerns and supply-side risks in the oil sector.
