$15.57
1.74% today
NYSE, Nov 26, 05:20 pm CET
ISIN
CA15135U1093
Symbol
CVE
Sector
Industry

Cenovus Energy Inc. Target price 2024 - Analyst rating & recommendation

Cenovus Energy Inc. Classifications & Recommendation:

Buy
100%

Cenovus Energy Inc. Price Target

Target Price $22.45
Price $15.84
Potential
Number of Estimates 18
18 Analysts have issued a price target Cenovus Energy Inc. 2025 . The average Cenovus Energy Inc. target price is $22.45. This is higher than the current stock price. The highest price target is , the lowest is .
A rating was issued by 20 analysts: 20 Analysts recommend Cenovus Energy Inc. to buy, 0 to hold and 0 to sell.
Analysts don't have a crystal ball either, but they do represent the opinion of the market quite well. You should not take the price potential and the ratings as a recommendation to act. Rather, they serve as an additional building block for your own opinion or stock analysis.
Analyst Estimates: Analysts believe that the Cenovus Energy Inc. stock has an average upside potential 2025 of . Most analysts recommend the Cenovus Energy Inc. stock at Purchase.

Sales and Margin forecast 2024, 2025 to 2028

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Quarter Annually
Dec '23 2024
Estimates
Revenue Billion $ 38.68 41.99
24.73% 8.55%
EBITDA Margin 19.67% 18.05%
12.48% 8.21%
Net Margin 7.52% 6.45%
16.51% 14.24%

7 Analysts have issued a sales forecast Cenovus Energy Inc. 2024 . The average Cenovus Energy Inc. sales estimate is

$42.0b
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. This is
2.65% higher
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than the revenue of the last 12 months(TTM). The highest sales forecast is
$43.8b 7.09%
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, the lowest is
$40.4b 1.22%
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.

This results in the following potential growth metrics:

Revenue Estimates

2023 $38.7b 24.73%
2024
$42.0b 8.55%
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2025
$40.4b 3.89%
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2026
$42.2b 4.58%
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2027
$36.7b 13.07%
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2028
$36.9b 0.62%
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8 Analysts have issued an Cenovus Energy Inc. EBITDA forecast 2024. The average Cenovus Energy Inc. EBITDA estimate is

$7.6b
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. This is
1.93% higher
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
$7.9b 5.67%
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, the lowest is
$7.4b 0.10%
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.

This results in the following potential growth metrics and future EBITDA Margins:

EBITDA Estimates

2023 $7.6b 34.12%
2024
$7.6b 0.36%
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2025
$7.9b 3.76%
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2026
$8.7b 10.49%
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EBITDA Margin

2023 19.67% 12.48%
2024
18.05% 8.21%
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2025
19.49% 7.98%
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2026
20.59% 5.64%
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3 Cenovus Energy Inc. Analysts have issued a net profit forecast 2024. The average Cenovus Energy Inc. net profit estimate is

$2.7b
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. This is
1.39% higher
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
$2.9b 7.51%
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, the lowest is
$2.6b 2.59%
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.

This results in the following potential growth metrics and future Net Margins:

Net Profit Estimates

2023 $2.9b 37.15%
2024
$2.7b 6.90%
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2025
$2.2b 19.80%
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2026
$3.2b 47.49%
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Net Margin

2023 7.52% 16.51%
2024
6.45% 14.24%
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2025
5.38% 16.59%
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2026
7.59% 41.08%
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Earnings per share, P/E ratio and EV/sales Estimates 2024, 2025 to 2028

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Quarter Annually
Dec '23 2024
Estimates
Earnings Per Share $ 1.59 1.48
37.15% 6.92%
P/E 10.70
EV/Sales 0.82

3 Analysts have issued a Cenovus Energy Inc. forecast for earnings per share. The average Cenovus Energy Inc. <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS is

$1.48
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. This is
1.37% higher
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than earnings per share in the financial year 2023. The highest <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS forecast is
$1.57 7.53%
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, the lowest is
$1.42 2.74%
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.

This results in the following potential growth metrics and future valuations:

Earnings Per Share

2023 $1.59 37.15%
2024
$1.48 6.92%
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2025
$1.19 19.59%
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2026
$1.75 47.06%
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P/E ratio

Current 10.84 1.36%
2024
10.70 1.29%
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2025
13.34 24.67%
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2026
9.05 32.16%
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Based on analysts' sales estimates for 2024, the Cenovus Energy Inc. stock is valued at an <a href=https://blog.stocksguide.com/knowledge/enterprise-value-sales-simply-explained>EV/Sales of

and an <a href=https://blog.stocksguide.com/knowledge/price-sales-ratio-simply-explained>P/S ratio of .

This results in the following potential growth metrics and future valuations:

EV/Sales

Current 0.84 17.65%
2024
0.82 2.50%
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2025
0.85 4.05%
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2026
0.81 4.39%
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2027
0.94 15.05%
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2028
0.93 0.62%
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P/S ratio

Current 0.71 16.83%
2024
0.69 2.59%
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2025
0.72 4.05%
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2026
0.69 4.38%
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2027
0.79 15.04%
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2028
0.78 0.62%
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