RBC Capital Sticks to Their Buy Rating for Cenovus Energy (CVE)
RBC Capital analyst Gregory Pardy maintained a Buy rating on Cenovus Energy today and set a price target of C$31.00.
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According to TipRanks, Pardy is a 5-star analyst with an average return of 22.5% and a 65.45% success rate. Pardy covers the Energy sector, focusing on stocks such as Suncor Energy, Cenovus Energy, and Canadian Natural.
In addition to RBC Capital, Cenovus Energy also received a Buy from TipRanks – Anthropic’s Anthropic Oil and Gas Integrated in a report issued on February 4. However, on the same day, TipRanks – xAI downgraded Cenovus Energy (NYSE: CVE) to a Hold.
CVE market cap is currently C$56.52B and has a P/E ratio of 17.29.
Based on the recent corporate insider activity of 47 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CVE in relation to earlier this year.
Read More on CVE:
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- Cenovus Energy Sets May 6, 2026 Virtual Annual Meeting and Record Date
- Is CVE a Buy, Before Earnings?
- Cenovus Energy price target raised to $22 from $20 at Goldman Sachs
- Cenovus Energy price target lowered to C$29 from C$31 at Morgan Stanley
- Cenovus Energy (CVE) to Sell $2 Billion Worth of Canadian Oil Assets
