Investment Analysts’ Weekly Ratings Updates for Cenovus Energy (CVE)

Several brokerages have updated their recommendations and price targets on shares of Cenovus Energy (TSE: CVE) in the last few weeks:

• 5/19/2026 – Cenovus Energy had its price target raised by Royal Bank Of Canada from C$45.00 to C$47.00. They now have an “outperform” rating on the stock.
• 5/7/2026 – Cenovus Energy had its price target raised by Royal Bank Of Canada from C$42.00 to C$45.00. They now have an “outperform” rating on the stock.
• 5/7/2026 – Cenovus Energy had its price target raised by Scotia from C$38.00 to C$44.00. They now have a “sector outperform” rating on the stock.
• 5/6/2026 – Cenovus Energy was downgraded by Raymond James Financial, Inc. from “strong-buy” to “moderate buy”. They now have a C$42.00 price target on the stock, up from C$41.00.
• 4/21/2026 – Cenovus Energy was given a new C$38.00 price target by Scotia. They now have a “sector outperform” rating on the stock.
• 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.

Cenovus Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 31st were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Friday, March 13th. Cenovus Energy’s dividend payout ratio (DPR) is currently 31.87%.

Insider Activity at Cenovus Energy

In related news, insider John F. Soini sold 10,275 shares of the business’s stock in a transaction on Wednesday, March 25th. The stock was sold at an average price of C$35.13, for a total transaction of C$360,960.75. Following the completion of the transaction, the insider owned 2,114 shares in the company, valued at C$74,264.82. The trade was a 82.94% decrease in their position. Also, insider Jonathan Michael Mckenzie sold 60,000 shares of the business’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of C$38.72, for a total value of C$2,323,200.00. Following the transaction, the insider owned 1,212,836 shares of the company’s stock, valued at approximately C$46,961,009.92. The trade was a 4.71% decrease in their position. Insiders sold a total of 166,785 shares of company stock worth $6,610,095 in the last quarter. 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.