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Asset logo for symbol CVE
Cenovus Energy
CVE66
$14.92arrow_drop_up0.10%$0.01
Asset logo for symbol CVE
CVE66

$14.92

arrow_drop_up0.10%

Analyst Forecast

Period: Next 12 Months

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Analyst Ratings

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Cenovus Energy (CVE) Stocklytics Forecast

Cenovus Energy Inc (CVE) is a Canadian integrated oil and gas company that operates in the upstream, midstream, and downstream sectors of the industry. As an energy producer, CVE's stock price is highly influenced by various factors, including global oil prices, production levels, and market demand. Therefore, forecasting the future stock price of CVE involves considering these variables along with other industry-specific trends and the company's financial performance.
Based on market analysis and expert predictions, Cenovus Energy Inc's stock price is expected to experience some volatility in the coming years. However, several factors contribute to a positive outlook for CVE. Firstly, the global oil market is projected to recover from the recent downturn, leading to increased demand and potentially higher prices. This would have a positive impact on CVE's revenue and stock price. Additionally, Cenovus Energy Inc has been implementing cost-cutting measures and improving operational efficiency, which is expected to enhance profitability and investor confidence.
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Frequently Asked Questions

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What is the analyst price prediction for Cenovus Energy (CVE) stock?

Analysts have set a target price of $24.69 for Cenovus Energy (CVE), based on forecasts from 13 analysts. The predicted price range extends from a high of $37 to a low of $13. This represents a potential increase of up to 147.91% and a decrease of -12.9% from the current price of $14.93. These forecasts are as of 2017 Oct 13.
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What are the analyst ratings for Cenovus Energy (CVE) stock?

The analyst ratings for Cenovus Energy (CVE) are distributed as follows: 19 analysts recommend buying, 0 have a neutral stance, and 0 suggest selling. There is a split consensus, with equal support for two of the rating categories. These ratings indicate the general sentiment among the analysts covering Cenovus Energy .
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What is the AI price prediction for Cenovus Energy (CVE) stock?

At present, there is no AI or machine-learning-based price prediction available for Cenovus Energy (CVE) stock. The lack of a forecast could stem from various factors, such as inadequate data or the necessity for model recalibration.

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