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

Cenovus Energy (TSE: CVE) has recently received a number of price target changes and ratings updates:

• 7/30/2026 – Cenovus Energy had its price target raised by JPMorgan Chase & Co. from C$45.00 to C$51.00.
• 7/30/2026 – Cenovus Energy had its price target raised by TD from C$46.00 to C$49.00. They now have a “buy” rating on the stock.
• 7/30/2026 – Cenovus Energy had its price target raised by Scotiabank from C$49.00 to C$51.00. They now have a “sector outperform” rating on the stock.
• 7/30/2026 – Cenovus Energy had its price target raised by Royal Bank Of Canada from C$47.00 to C$51.00. They now have an “outperform” rating on the stock.
• 7/30/2026 – Cenovus Energy had its price target raised by Raymond James Financial, Inc. from C$41.00 to C$46.00. They now have an “outperform” rating on the stock.
• 7/22/2026 – Cenovus Energy had its price target raised by TD from C$45.00 to C$46.00. They now have a “buy” rating on the stock.
• 7/17/2026 – Cenovus Energy was given a new C$50.00 price target by Desjardins. They now have a “buy” rating on the stock.
• 7/16/2026 – Cenovus Energy was upgraded by Desjardins to “moderate buy”.
• 7/9/2026 – Cenovus Energy had its price target lowered by JPMorgan Chase & Co. from C$47.00 to C$45.00.
• 6/29/2026 – Cenovus Energy was upgraded by Gerdes Energy Research from “neutral” to “buy”. They now have a C$46.00 price target on the stock, up from C$42.00.
• 6/26/2026 – Cenovus Energy was upgraded by Scotiabank to “strong-buy”.

Cenovus Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th were given a dividend of $0.22 per share. The ex-dividend date was Monday, June 15th. This is an increase from Cenovus Energy’s previous quarterly dividend of $0.20. This represents a $0.88 dividend on an annualized basis and a yield of 2.0%. Cenovus Energy’s dividend payout ratio (DPR) is presently 22.78%.

Insider Transactions at Cenovus Energy

In other news, Director Alex Pourbaix sold 432,731 shares of the stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of C$42.05, for a total value of C$18,196,338.55. Following the sale, the director directly owned 1,455,996 shares in the company, valued at C$61,224,631.80. This represents a 22.91% decrease in their ownership of the stock. Also, insider Jonathan Michael Mckenzie sold 104,974 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of C$43.49, for a total transaction of C$4,565,319.26. Following the transaction, the insider directly owned 843,824 shares of the company’s stock, valued at approximately C$36,697,905.76. This trade represents a 11.06% decrease in their ownership of the stock. In the last 90 days, insiders have sold 637,278 shares of company stock valued at $26,776,082. 32.03% of the stock is currently 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.