Cenovus Energy (NYSE:CVE) Rating Lowered to Hold at Wall Street Zen

Cenovus Energy (NYSE:CVE) (TSE:CVE) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday.

Several other research firms have also recently weighed in on CVE. Morgan Stanley reaffirmed an “overweight” rating on shares of Cenovus Energy in a research note on Thursday, November 20th. The Goldman Sachs Group reissued a “buy” rating and set a $22.00 price objective on shares of Cenovus Energy in a report on Monday, February 2nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cenovus Energy in a report on Tuesday, January 27th. TD Securities reiterated a “buy” rating on shares of Cenovus Energy in a research report on Friday. Finally, JPMorgan Chase & Co. restated a “neutral” rating on shares of Cenovus Energy in a report on Tuesday, January 20th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $27.33.

Cenovus Energy Stock Performance

NYSE:CVE opened at $22.35 on Monday. The stock has a 50-day moving average price of $18.86 and a 200 day moving average price of $17.70. The stock has a market capitalization of $42.02 billion, a P/E ratio of 14.61 and a beta of 0.48. Cenovus Energy has a 12-month low of $10.23 and a 12-month high of $23.39. The company has a current ratio of 1.57, a quick ratio of 1.04 and a debt-to-equity ratio of 0.35.

Cenovus Energy (NYSE:CVE) (TSE:CVE) last posted its quarterly earnings results on Thursday, February 19th. The oil and gas company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.08. Cenovus Energy had a return on equity of 13.25% and a net margin of 7.92%.The business had revenue of $9.44 billion during the quarter, compared to the consensus estimate of $10.89 billion. During the same period in the prior year, the company posted $0.07 EPS. Equities research analysts forecast that Cenovus Energy will post 1.49 EPS for the current fiscal year.

Institutional Investors Weigh In On Cenovus Energy

Several institutional investors have recently made changes to their positions in CVE. Jones Financial Companies Lllp grew its holdings in Cenovus Energy by 574.8% during the 1st quarter. Jones Financial Companies Lllp now owns 21,607 shares of the oil and gas company’s stock valued at $301,000 after purchasing an additional 18,405 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Cenovus Energy by 6.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 747,472 shares of the oil and gas company’s stock valued at $10,397,000 after buying an additional 44,125 shares during the period. Y Intercept Hong Kong Ltd lifted its stake in shares of Cenovus Energy by 378.5% during the 2nd quarter. Y Intercept Hong Kong Ltd now owns 183,464 shares of the oil and gas company’s stock worth $2,495,000 after acquiring an additional 145,124 shares during the last quarter. Atria Investments Inc lifted its stake in shares of Cenovus Energy by 32.7% during the 2nd quarter. Atria Investments Inc now owns 130,668 shares of the oil and gas company’s stock worth $1,777,000 after acquiring an additional 32,196 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Cenovus Energy by 2.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,217,726 shares of the oil and gas company’s stock valued at $16,561,000 after acquiring an additional 33,446 shares during the period. Institutional investors own 51.19% of the company’s stock.

Cenovus Energy News Summary

Here are the key news stories impacting Cenovus Energy this week:

• Positive Sentiment: Q4 earnings beat and higher upstream production — Cenovus reported Q4 EPS above estimates driven by stronger oil sands output; that operational beat and confirmed dividends are a direct near-term positive for valuation and investor sentiment. Cenovus Energy Q4 Earnings Top Estimates
• Positive Sentiment: ATB Cormark raised target and issued a Buy — ATB Cormark upgraded its view on Cenovus and raised its target (reported twice in press releases), which supports further upside as investors track analyst price-target momentum. ATB Cormark Raised its Target Price by 15%
• Positive Sentiment: RBC Capital raised its price target and reiterated Outperform — another institutional upgrade that reinforces the buy-side narrative around Cenovus’s asset mix and dividend profile. RBC Capital Increases Cenovus Target
• Positive Sentiment: Scotiabank upgrade — a separate bank upgrade adds to the analyst momentum supporting the stock. Cenovus Upgraded at Scotiabank
• Neutral Sentiment: Sector consolidation: $38B wave in Canada’s oil patch — a large 2025 consolidation among oil-sands players could reshape asset ownership and competitive dynamics; impact on Cenovus depends on whether it gains, sells or is diluted by larger peers. Canada’s Oil Patch Consolidation Wave
• Neutral Sentiment: Suncor’s strong performance highlighted — Suncor’s record production and cost improvements spotlight competitive strength in the peer group; this can draw rotation within the sector even as it validates resilience across majors. Suncor’s Record Run
• Negative Sentiment: Wall Street Zen lowered its rating — an isolated downgrade introduces some sell-side friction and may prompt short-term profit-taking by investors watching analyst crowding. Cenovus Stock Rating Lowered

Cenovus Energy Company Profile

Cenovus Energy Inc is a Canadian integrated energy company engaged in the exploration, development and production of crude oil, natural gas liquids and natural gas, together with downstream refining and marketing activities. Headquartered in Calgary, Alberta, Cenovus operates a mix of oil sands thermal and dilbit assets, conventional oil and gas properties, and owns refining and midstream assets designed to move and process hydrocarbons into finished petroleum products for commercial markets.

The company was originally formed as a spin‑off from Encana Corporation in 2009 and has grown through organic development and strategic acquisitions.