Analysts’ Recent Ratings Updates for Cenovus Energy (CVE)

Cenovus Energy (NYSE: CVE) recently received a number of ratings updates from brokerages and research firms:

• 5/19/2026 – Cenovus Energy had its price target raised by Royal Bank Of Canada from $45.00 to $47.00. They now have an “outperform” rating on the stock.
• 5/13/2026 – Cenovus Energy was given a new $36.00 price target by Lake Street Capital.
• 5/13/2026 – Cenovus Energy had its “buy” rating reaffirmed by The Goldman Sachs Group, Inc..
• 5/9/2026 – Cenovus Energy was upgraded by Wall Street Zen from “buy” to “strong-buy”.
• 5/8/2026 – Cenovus Energy was upgraded by Weiss Ratings from “hold (c)” to “hold (c+)”.
• 5/7/2026 – Cenovus Energy had its “outperform” rating reaffirmed by Scotiabank.
• 5/6/2026 – Cenovus Energy was downgraded by Raymond James Financial, Inc. from “strong-buy” to “outperform”.
• 4/24/2026 – Cenovus Energy had its “hold (c)” rating reaffirmed by Weiss Ratings.
• 4/22/2026 – Cenovus Energy was upgraded by Zacks Research from “hold” to “strong-buy”.
• 4/18/2026 – Cenovus Energy was upgraded by Wall Street Zen from “hold” to “buy”.
• 4/9/2026 – Cenovus Energy had its “buy” rating reaffirmed by UBS Group AG.

Cenovus Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a $0.22 dividend. The ex-dividend date is Monday, June 15th. This is a positive change from Cenovus Energy’s previous quarterly dividend of $0.20. This represents a $0.88 dividend on an annualized basis and a yield of 2.9%. Cenovus Energy’s dividend payout ratio is 32.42%.

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.