Analyst Price Target is C$29.89
▲ +68.58% Upside Potential
This price target is based on 9 analysts offering 12 month price targets for Cenovus Energy in the last 3 months. The average price target is C$29.89, with a high forecast of C$35.00 and a low forecast of C$25.00. The average price target represents a 68.58% upside from the last price of C$17.73.
Current Consensus is
Moderate Buy
The current consensus among 9 investment analysts is to moderate buy stock in Cenovus Energy. This rating changed within the last month from a Buy consensus rating.
Cenovus Energy is an integrated oil company, focused on creating value through the development of its oil sands assets. The company also engages in production of conventional crude oil, natural gas liquids, and natural gas in Alberta, Canada, with refining operations in the U.S. Net upstream production averaged 472 thousand barrels of oil equivalent per day in 2020, and the company estimates that it holds 6.7 billion boe of proven and probable reserves.
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