Research Analysts’ Recent Ratings Updates for Cenovus Energy (CVE)

A number of research firms have changed their ratings and price targets for Cenovus Energy (TSE: CVE):

• 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.
• 2/3/2026 – Cenovus Energy had its price target raised by National Bank Financial from C$29.00 to C$34.00. They now have an “outperform” rating on the stock.
• 1/23/2026 – Cenovus Energy had its price target lowered by Morgan Stanley from C$31.00 to C$29.00.
• 1/20/2026 – Cenovus Energy had its price target raised by Scotiabank from C$29.00 to C$30.00. They now have a “hold” rating on the stock.
• 1/20/2026 – Cenovus Energy was downgraded by JPMorgan Chase & Co. from “buy” to “neutral”. They now have a C$25.00 price target on the stock.
• 1/13/2026 – Cenovus Energy had its price target lowered by Royal Bank Of Canada from C$32.00 to C$29.00. They now have an “outperform” rating on the stock.
• 1/9/2026 – Cenovus Energy had its price target raised by National Bank Financial from C$28.00 to C$29.00. They now have an “outperform” rating on the stock.

Cenovus Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 31st will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Friday, March 13th. Cenovus Energy’s dividend payout ratio is 36.28%.

Insider Activity at Cenovus Energy

In other Cenovus Energy news, Director Michael John Crothers purchased 2,000 shares of the business’s stock in a transaction on Monday, December 15th. The stock was acquired at an average price of C$24.23 per share, for a total transaction of C$48,460.00. Following the purchase, the director owned 8,000 shares of the company’s stock, valued at approximately C$193,840. This represents a 33.33% increase in their position. 32.03% of the stock is owned by company 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.