What Does Wall Street Think About Cenovus Energy Inc. (CVE)?

1 week ago 5

Noor Ul Ain Rehman

Fri, January 2, 2026 astatine 8:44 AM CST 2 min read

Cenovus Energy Inc. (NYSE:CVE) is 1 of the apical cheap stocks nether $20 to bargain now. RBC Capital expert Gregory Pardy reiterated a Buy standing connected Cenovus Energy Inc. (NYSE:CVE) connected December 15 and acceptable a terms people of C$32.00. Cenovus Energy Inc. (NYSE:CVE) besides received a standing update from Jefferies expert Lloyd Byrne connected December 12, who reiterated a Buy standing with a C$30.00 terms target. Similarly, TD Cowen besides maintained a Buy standing connected the banal connected December 11 and acceptable a C$29.00 terms target.

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The standing updates came aft Cenovus Energy Inc. (NYSE:CVE) announced its 2026 superior fund and firm guidance connected December 11, reporting a superior concern of betwixt $5.0 cardinal and $5.3 cardinal successful its 2026 guidance highlights. The superior concern includes astir $350 cardinal of capitalized turnaround costs, and is expected to beryllium betwixt $4.7 cardinal and $5.0 billion, excluding turnaround costs. The institution further reported an upstream accumulation of betwixt 945,000 barrels of lipid equivalent per time (BOE/d) and 985,000 BOE/d, reflecting a year-over-year maturation complaint of astir 4%, which is adjusted for the acquisition of MEG Energy Corp.

Cenovus Energy Inc. (NYSE:CVE) anticipates wide and administrative (G&A) costs, excluding stock-based compensation, to stay level compared to 2025 successful the scope of $625 cardinal to $675 million. Cost reductions and synergies are expected to offset the effect of the MEG acquisition.

Based successful Canada, Cenovus Energy Inc. (NYSE:CVE) is an integrated vigor institution that provides state and oil. Its operations are divided into the Upstream, Downstream, and Corporate and Eliminations segments.

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Disclosure: None. This nonfiction is primitively published at Insider Monkey.