CVE · NYSE · STOCK
Cenovus Energy (CVE) Stock Analysis
$31.38
52W $15.63 – $34.16
61/100
$57.89B
12.4
0.50
⚠
Buy rating, but near-term risk/reward is unfavorable
The long-term recommendation is based on the composite investment score. The near-term risk/reward is based on nearby support and resistance levels. These can differ when a strong company trades close to resistance with support further below.
Is CVE Bullish or Bearish?
Bullish.
Innellis AI committee rates Cenovus Energy Inc. (CVE) Buy with a composite score of 61/100
, based on 5 analysts with 60% agreement.
Last updated October 10, 2026.
What Would Change This View
- Upgrade to Strong Buy
- Requires a committee score of 75.0 — +13.62 from today. Applies on the first day at or above the line; upgrades are never dampened.
- Downgrade to Watch
- Requires the score to fall below 55.0 — -6.38 from today. The band boundary is 60.0, but a one-step downgrade must clear a further margin first. A score oscillating around the line should not change the rating every night.
Executive Summary
The committee is genuinely divided. Value Analyst sees a compelling case — p/e of 12.4 is inexpensive for the broad market. Portfolio Manager remains cautious — sector concentration is already high (hhi 2796.97). This disagreement is itself the signal — the setup is not clean in either direction.
Bull & Bear Case
Bull Case
- P/E of 12.4 is inexpensive for the broad market — Value
- Price-to-book of 1.4x is a discount to asset value — Value
- ROE of 21.0% shows genuine earnings power backing the valuation — Value
- EPS growing 146.7% YoY — Growth
- News sentiment is positive (+0.20 across 46 articles, 14d) — News
Bear Case
- Growth rate is decelerating quarter over quarter -- the trend line matters more than the level — Growth
- MACD histogram negative -- bearish momentum — Technical
Both cases are generated from quantitative data signals, not qualitative or
forward-looking judgement. They summarise what the numbers say today.
Price History (6M)
AI Investment Committee
Committee Consensus
As of October 10, 2026
Overall Committee Score
61/100
Agreement
60%
Analysts
5
Conviction
Moderate
Sector Rank
Top 30%
of 93 Energy peers
Value Analyst
bullish
76
/ 100 · High confidence
Classic value case: cheap on multiples with earnings power to back it up
+ P/E of 12.4 is inexpensive for the broad market
Growth Analyst
neutral
53
/ 100 · High confidence
Moderate growth -- present but not remarkable
+ EPS growing 146.7% YoY
− Growth rate is decelerating quarter over quarter -- the trend line matters more than the level
Technical Analyst
neutral
48
/ 100 · High confidence
Mixed or range-bound price action
− MACD histogram negative -- bearish momentum
Macro Analyst
bullish
65
/ 100 · Low confidence
Macro backdrop is supportive of risk assets generally, and this name's beta works in its favor
News Analyst
bullish
64
/ 100 · Low confidence
News flow and recent filings/analyst actions are net positive
+ News sentiment is positive (+0.20 across 46 articles, 14d)
Portfolio Manager
bearish
30
/ 100 · Moderate confidence
The existing book itself argues for caution here, independent of how good this specific stock looks
− Sector concentration is already high (HHI 2796.97)
Investment Thesis Evolution
Committee score moved marginally from 61.8 to 61.4.
- Bullish support removed: 2 signal(s) disappeared.
- New bullish signals: 2 appeared.
Analyst-level changes:
- News Analyst: +1 bullish signal(s).
- Value Analyst: +1 bullish signal(s).
Comparing 2026-10-09 to 2026-10-10 (1 day apart).
Technical Analysis
RSI (14)
48.1
Neutral
MACD Histogram
-0.087
Bearish Momentum
Trend Direction
Sideways
Weekly: Uptrend
Market Structure
Hh Hl
Support
$24.25
Resistance
$32.07
Bollinger %B
0.40
Inside Bands
Price vs Moving Averages
EMA 9
$31.39
Below
EMA 21
$31.59
Below
EMA 50
$31.12
Above
EMA 200
$26.79
Above
Fundamental Analysis
Valuation
95
Growth
63
Profitability
47
Financial Health
85
Cash Flow
70
Valuation
P/E Ratio
12.4×
P/B Ratio
2.43×
PEG Ratio
0.08
Dividend Yield
1.88%
52W High
$34.16
52W Low
$15.63
Quality & Growth
ROE
1242.8%
ROA
619.6%
Gross Margin
2137.9%
Operating Margin
1935.2%
Revenue Growth YoY
—
Debt / Equity
0.34
AI Fundamental Assessment
P/E ratio of 12.4 (inexpensive relative to a 15-40x range); Price-to-book of 2.4x; PEG ratio of 0.1 (under 1.0 suggests growth is undervalued relative to price); Return on equity of 12.4%; Return on assets of 6.2%; Net margin of 12.4%; Gross margin of 21.4%; Current ratio of 1.63 (healthy short-term liquidity); Debt-to-equity of 0.34; Free cash flow per share is positive (4.06); Most recent quarter missed estimates by 6.3%; EPS growth decelerating (+76.0% -> +73.9% QoQ); Analyst estimates rising over recent quarters
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