The average one-year price target for Cenovus Energy (NYSE:CVE) has been revised to $30.12 per share, reflecting an 11.27% increase from the prior estimate of $27.07 set on April 14, 2026. This target range varies significantly among analysts, with estimates spanning from a low of $17.24 to a high of $44.10 per share. The updated average price target represents a 12.51% increase from the latest reported closing price of $26.78 per share.
Currently, 454 funds hold positions in Cenovus Energy, a decrease of 27.24% (170 owners) from the previous quarter. Institutional share ownership dropped by 17.37% to approximately 967.11 million shares. Notably, the put/call ratio for CVE stands at 0.32, indicating a bullish sentiment among investors. Capital Research Global Investors has increased its stake by 14.26%, now holding 124.31 million shares, while Capital World Investors has reduced its holdings by 38.67% to 112.50 million shares.
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