Cenovus Energy (CVE) – Analysts’ Weekly Ratings Changes

A number of firms have modified their ratings and price targets on shares of Cenovus Energy (TSE: CVE) recently:

• 4/16/2026 – Cenovus Energy had its price target raised by TD from C$35.00 to C$45.00. They now have a “buy” rating on the stock.
• 4/14/2026 – Cenovus Energy had its price target raised by JPMorgan Chase & Co. from C$25.00 to C$41.00.
• 4/9/2026 – Cenovus Energy had its price target raised by UBS Group AG from C$36.00 to C$41.00.
• 4/8/2026 – Cenovus Energy had its price target raised by Royal Bank Of Canada from C$32.00 to C$42.00. They now have an “outperform” rating on the stock.
• 3/31/2026 – Cenovus Energy had its price target raised by National Bank Financial from C$30.00 to C$57.00. They now have an “outperform” rating on the stock.
• 3/30/2026 – Cenovus Energy had its price target raised by Raymond James Financial, Inc. from C$33.00 to C$42.00.
• 3/20/2026 – Cenovus Energy was downgraded by Gerdes Energy Research from “buy” to “neutral”.
• 3/16/2026 – Cenovus Energy had its price target raised by Jefferies Financial Group Inc. from C$30.00 to C$37.00.
• 3/10/2026 – Cenovus Energy was upgraded by Veritas Corp from “strong sell” to “strong-buy”.
• 2/23/2026 – Cenovus Energy was downgraded by Veritas Corp from “hold” to “strong sell”.
• 2/23/2026 – Cenovus Energy had its price target raised by ATB Cormark Capital Markets from C$29.00 to C$34.00.
• 2/20/2026 – Cenovus Energy had its price target raised by Raymond James Financial, Inc. from C$30.00 to C$33.00. They now have a “strong-buy” rating on the stock.
• 2/20/2026 – Cenovus Energy had its price target lowered by BMO Capital Markets from C$38.00 to C$35.00. They now have an “outperform” rating on the stock.
• 2/20/2026 – Cenovus Energy had its price target raised by Desjardins from C$33.00 to C$36.00. They now have a “buy” rating on the stock.
• 2/20/2026 – Cenovus Energy had its price target raised by Scotiabank from C$30.00 to C$34.00. They now have an “outperform” rating on the stock.
• 2/20/2026 – Cenovus Energy had its price target raised by Royal Bank Of Canada from C$31.00 to C$32.00. They now have an “outperform” rating on the stock.
• 2/20/2026 – Cenovus Energy had its price target raised by TD Securities from C$28.00 to C$35.00. They now have a “buy” rating on the stock.

Cenovus Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 31st were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend was Friday, March 13th. Cenovus Energy’s dividend payout ratio is presently 36.28%.

Insider Activity

In other news, insider John F. Soini sold 10,275 shares of the company’s stock in a transaction dated Wednesday, March 25th. The shares were sold at an average price of C$35.13, for a total value of C$360,960.75. Following the sale, the insider directly owned 2,114 shares of the company’s stock, valued at approximately C$74,264.82. This represents a 82.94% decrease in their position. Insiders own 32.03% of the company’s stock.

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.