This is What Analysts Are Saying About Cenovus Energy Inc. (CVE)

Core Viewpoint - Cenovus Energy Inc. (NYSE:CVE) is recognized as an affordable stock under $30, with multiple analysts reaffirming Buy ratings and setting price targets indicating potential upside [1][2]. Group 1: Analyst Ratings and Price Targets - National Bank reaffirmed a Buy rating on Cenovus Energy Inc. with a price target of C$29.00 [1]. - Goldman Sachs reinstated coverage with a Buy rating and a price target of $20, citing expectations of strong long-term free cash flow growth [1]. - RBC Capital reiterated a Buy rating with a price target of C$32.00, while Jefferies and TD Cowen maintained Buy ratings with targets of C$30.00 and C$29.00, respectively [2]. Group 2: Financial Guidance and Capital Investment - Cenovus Energy announced a capital budget for 2026, projecting capital investments between $5.0 billion and $5.3 billion, which includes approximately $350 million in capitalized turnaround costs [3]. - The expected capital investment, excluding turnaround costs, is estimated to be between $4.7 billion and $5.0 billion [3]. Group 3: Company Overview - Cenovus Energy Inc. is an integrated energy company based in Canada, involved in the production of gas and oil, with operations segmented into Upstream, Downstream, and Corporate and Eliminations [4].