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Cenovus Energy Inc. (NYSE:CVE) is included among The $200 Oil Playbook: 10 Energy Stocks Positioned to Outperform as the Strait Remains Closed.
Cenovus Energy Inc. (NYSE:CVE) is an integrated energy company that operates across the full oil and natural gas value chain in exploration, production, refining, transportation, and retail.
On March 12, Goldman Sachs bumped its price target on Cenovus Energy Inc. (NYSE:CVE) from $22 to $29, while keeping a ‘Buy’ rating on the shares. The revised target, which reflects an upside of over 24% from the current levels, comes as the analyst firm updated its estimates across the major US and Canadian oil producers to reflect the recent supply disruptions in the Middle East.
Cenovus Energy Inc. (NYSE:CVE) also received a lift earlier on March 10 when Veritas upgraded the stock from ‘Sell’ to ‘Buy’, while assigning it a price target of C$35.
Cenovus Energy Inc. (NYSE:CVE) has also benefited from the sharp surge in crude oil prices amid the supply disruptions caused by the US-Iran war. With Brent crude oil price currently hovering above the $100 per barrel mark, the Canadian producer is expected to receive a significant financial cushion in the ongoing quarter.
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READ NEXT: 40 Most Popular Stocks Among Hedge Funds Heading into 2026 and 12 Best Large Cap Energy Stocks to Buy Now
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