Cenovus Energy Stock Target Price and Analyst Consensus
| CVE Stock | USD 21.46 0.18 0.85% |
The current analyst and expert consensus on Cenovus Energy is Strong Buy with 10 buy recommendations. The current projected Cenovus Energy target price consensus is 22.07, with 19 analyst opinions. The most common way Cenovus Energy analysts use to provide public buy-or-sell recommendation is financial statements analysis. They also talk to Cenovus Energy executives, vendors, and/or customers. Cenovus Energy buy-or-sell recommendation module provides average expert sentiment on the projected Cenovus Energy target price to derive its highest and lowest estimates based on target price estimated volatility of 0.0. Check out Macroaxis Advice on Cenovus Energy to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon. For information on how to trade Cenovus Stock refer to our How to Trade Cenovus Stock guide.
Lowest Forecast 20.08 | Highest Forecast 24.5 | Target Price 22.07 |
Cenovus |
It's important to approach Cenovus Energy's target price projections with caution. While they can be useful as part of a broader investment strategy, they are inherently speculative and subject to various kinds of risk, including market volatility and unforeseen external factors. Always consider multiple aspects and do your own research when making investment decisions.
Cenovus Energy Target Price Consensus
We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Cenovus target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysts' performance other than comparing it to past results via a very sophisticated attribution analysis. Cenovus Energy's target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, investor sentiment analysis, technical analysis, earnings estimate, and various momentum models.
| 19 | Strong Buy |
Most Cenovus analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to help potential investors understand Cenovus stock's fair price compared to its market value. Analysts arrive at stock ratings after researching the public financial statements of Cenovus Energy, talking to its executives and customers, or listening to those companies' conference calls.
Macroaxis Advice Exposure ValuationCenovus Energy Target Price Projection
Cenovus Energy's current and average target prices are 21.46 and 22.07, respectively. The current price of Cenovus Energy is the price at which Cenovus Energy is currently trading. On the other hand, Cenovus Energy's target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.Current Price
Cenovus Energy Market Quote on 28th of April 2024
Target Price
Analyst Consensus On Cenovus Energy Target Price
Cenovus Energy Analyst Ratings
Cenovus Energy's analyst stock recommendations are determined by taking an average estimate of all analysts we track and classifying them as Strong Buy, Buy, Hold, Strong Sell, or Sell. Ratings generally communicate what analysts sense about Cenovus Energy stock, and they use a lot of effort and time to analyze it and arrive at a rating. That suggests that analyst recommendations are the outcome of an objective and thorough examination of Cenovus Energy's financials, market performance, and future outlook by experienced professionals. Cenovus Energy's historical ratings below, therefore, can serve as a valuable tool for investors.Analyst Consensus Breakdown
Average Consensus Estimates
Analysts determine stock price targets through various methods, including financial modeling, peer comparison, and company analysis. The stock price target is the analyst's best estimate of the future price of a stock and is used by investors to make investment decisions. However, it is important to note that stock price targets are not guaranteed, and the actual price of a stock can differ significantly from the target due to various factors such as market conditions, economic events, and company developments.
Steps to utilize Cenovus Energy price targets
Cenovus Energy's stock target price is an estimate of its future price, usually made by analysts. Using Cenovus Energy's target price to determine if it is a suitable investment can be done through the following steps:- Look at Cenovus Energy's target prices provided by various analysts and compare them. This can help you gain a more balanced view of the Stock's potential.
- Look at the analyst's track record to determine if they have a history of accurately predicting stock prices.
- Look at the Company's financials, including revenue, earnings, and debt, to determine if it is in good financial health.
- Consider market conditions. For example, take into account the state of the economy, competition, and regulatory environment, to determine if Cenovus Energy's stock is likely to perform well.
- Diversify your portfolio and do not rely solely on stock target prices to make investment decisions. Invest in a mix of stocks, bonds, and other assets to manage risk.
Additional Cenovus Energy Value Projection Modules
Most investment researchers agree that the mispricing and readjustment of any Stock value happens often and is sometimes even predictable, but there is no strong theory explaining why it happens. The current price of Cenovus Energy is a key component of Cenovus Energy valuation and have some predictive power on the future returns of a Cenovus Energy.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Cenovus Energy's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Trending Themes
If you are a self-driven investor, you will appreciate our idea-generating investing themes. Our themes help you align your investments inspirations with your core values and are essential building blocks of your portfolios. A typical investing theme is an unweighted collection of up to 20 funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of equities with common characteristics such as industry and growth potential, volatility, or market segment. | Automobiles and Trucks Invested over 60 shares | |
 | Hedge Favorites Invested over 100 shares | |
 | Blockchain Invested few shares | |
 | Banking Invested over 40 shares | |
 | Driverless Cars Invested over 200 shares | |
Check out Macroaxis Advice on Cenovus Energy to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon. For information on how to trade Cenovus Stock refer to our How to Trade Cenovus Stock guide.You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
Complementary Tools for Cenovus Stock analysis
When running Cenovus Energy's price analysis, check to measure Cenovus Energy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Cenovus Energy is operating at the current time. Most of Cenovus Energy's value examination focuses on studying past and present price action to predict the probability of Cenovus Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cenovus Energy's price. Additionally, you may evaluate how the addition of Cenovus Energy to your portfolios can decrease your overall portfolio volatility.
| Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Money Managers Screen money managers from public funds and ETFs managed around the world | |
| Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. | |
| Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets | |
| FinTech Suite Use AI to screen and filter profitable investment opportunities | |
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
| Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital | |
| Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. | |
| Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities | |
| Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope |
The data published in Cenovus Energy's official financial statements usually reflect Cenovus Energy's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Cenovus Energy. For example, before you start analyzing numbers published by Cenovus accountants, it's critical to develop an understanding of what Cenovus Energy's liquidity, profitability, and earnings quality are in the context of the Oil, Gas & Consumable Fuels space in which it operates.
Please note, the presentation of Cenovus Energy's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Cenovus Energy's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Cenovus Energy's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Cenovus Energy. Please utilize our Beneish M Score to check the likelihood of Cenovus Energy's management manipulating its earnings.