Cenovus Energy Stock Target Price and Analyst Consensus
| CVE Stock | USD 15.71 0.23 1.49% |
The current analyst and expert consensus on Cenovus Energy is Strong Buy with 9 buy recommendations. The current projected Cenovus Energy target price consensus is 22.07, with 19 analyst opinions. 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 1.8293. 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.
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. | Macroaxis Index Invested over 90 shares | |
 | Momentum Invested over 40 shares | |
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 | Impulse Invested over 100 shares | |
 | Dividend Beast Invested over 50 shares | |
 | Artificial Intelligence Invested few shares | |
 | FinTech Invested over 40 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 Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
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. Please utilize our Beneish M Score to check the likelihood of Cenovus Energy's management manipulating its earnings.