Analysts’ Weekly Ratings Changes for Cenovus Energy (CVE)

by · The Cerbat Gem

Several brokerages have updated their recommendations and price targets on shares of Cenovus Energy (TSE: CVE) in the last few weeks:

  • 10/20/2026 – Cenovus Energy had its price target raised by Desjardins from C$52.00 to C$53.00. They now have a “buy” rating on the stock.
  • 10/20/2026 – Cenovus Energy had its price target raised by National Bank Financial from C$57.00 to C$58.00. They now have an “outperform” rating on the stock.
  • 10/13/2026 – Cenovus Energy had its price target raised by TD from C$49.00 to C$50.00. They now have a “buy” rating on the stock.
  • 10/6/2026 – Cenovus Energy had its price target raised by Raymond James Financial, Inc. from C$51.00 to C$53.00. They now have an “outperform” rating on the stock.
  • 10/6/2026 – Cenovus Energy had its price target raised by ATB Cormark Capital Markets from C$42.50 to C$49.00. They now have an “outperform” rating on the stock.
  • 10/6/2026 – Cenovus Energy had its price target lowered by National Bank Financial from C$60.00 to C$57.00. They now have an “outperform” rating on the stock.
  • 9/30/2026 – Cenovus Energy was given a new C$60.00 price target by National Bank Financial. They now have an “outperform” rating on the stock.
  • 9/16/2026 – Cenovus Energy had its price target raised by Raymond James Financial, Inc. from C$46.00 to C$51.00. They now have an “outperform” rating on the stock.
  • 9/8/2026 – Cenovus Energy was upgraded by JPMorgan Chase & Co. from “neutral” to “overweight”. They now have a C$58.00 price target on the stock, up from C$51.00.
  • 9/2/2026 – Cenovus Energy was downgraded by UBS Group AG from “strong-buy” to “hold”.
  • 8/27/2026 – Cenovus Energy had its price target raised by Canadian Imperial Bank of Commerce from C$48.00 to C$52.00.
  • 8/25/2026 – Cenovus Energy was given a new C$60.00 price target by National Bank Financial. They now have an “outperform” rating on the stock.

Cenovus Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 29th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Tuesday, September 15th. Cenovus Energy’s dividend payout ratio is 22.78%.

Insider Transactions at Cenovus Energy

In related news, Director Alex Pourbaix sold 30,186 shares of Cenovus Energy stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of C$42.17, for a total value of C$1,272,943.62. Following the transaction, the director directly owned 1,455,996 shares in the company, valued at C$61,399,351.32. The trade was a 2.03% decrease in their position. Also, insider Jonathan Michael Mckenzie sold 104,974 shares of the business’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of C$43.49, for a total value of C$4,565,319.26. Following the sale, the insider directly owned 843,824 shares in the company, valued at C$36,697,905.76. This trade represents a 11.06% decrease in their ownership of the stock. Insiders sold a total of 601,524 shares of company stock valued at $25,546,211 in the last three months. 32.03% of the stock is currently owned by corporate insiders.

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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