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

A number of firms have modified their ratings and price targets on shares of Cenovus Energy (TSE: CVE) recently:

• 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 company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 30th were issued a dividend of $0.22 per share. This is a positive change from Cenovus Energy’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Monday, June 15th. This represents a $0.88 annualized dividend and a dividend yield of 2.1%. Cenovus Energy’s payout ratio is presently 31.87%.

Insider Activity at Cenovus Energy

In related news, insider Jonathan Michael Mckenzie sold 69,387 shares of the stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of C$39.51, for a total transaction of C$2,741,480.37. Following the sale, the insider directly owned 1,143,824 shares of the company’s stock, valued at approximately C$45,192,486.24. This represents a 5.72% decrease in their ownership of the stock. Also, insider Susan Mary Anderson-Olney sold 37,072 shares of the firm’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of C$39.85, for a total transaction of C$1,477,319.20. Following the sale, the insider owned 33,275 shares in the company, valued at approximately C$1,326,008.75. This represents a 52.70% decrease in their position. Over the last ninety days, insiders have sold 225,897 shares of company stock valued at $8,990,614. Insiders own 32.03% of the company’s stock.

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.