Overview
Cenovus Energy Inc. is a Canadian integrated oil and natural gas company headquartered in Calgary, Alberta. The company operates within the energy sector, primarily focused on the development, production, and marketing of crude oil, natural gas liquids, and natural gas. A significant player in the Canadian oil sands, Cenovus Energy has key projects that include Foster Creek and Christina Lake, which are among the largest thermal in-situ oil sands developments in the region. Additionally, Cenovus Energy has made strategic acquisitions to enhance its footprint in both oil sands and conventional production areas. Leveraging advanced technology and sustainable practices, Cenovus aims to maximize value and efficiency in its operations while prioritizing environmental stewardship.
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Basic Stats
The share price of Cenovus Energy Inc. as of September 5, 2025 is $15.95 / share. This is a decrease of -3.97% from the prior week. The market cap (or net worth) of Cenovus Energy Inc. as of September 5, 2025 is $28,785.42 MM.
The Factor Analysis chart (below right) shows a view of Cenovus Energy Inc. from a variety of lenses. Each factor shows how well the company ranks against all other companies in the Fintel global investing universe. Factor scores range from zero to 100, with 100 being most desirable, and 50 being average.
For example, a company with a Value Score of 100 would be the most undervalued company in our database. A company with a Value Score of zero would be the most overvalued.
| Market Cap | 28,785.42 MM |
| EV | |
| Shares Out. | 1,804.16 MM |
| Earnings Date | |
| EPS (TTM) | 1.48 |
| Dividend Yield | |
| Ex-Dividend Date | 2025-09-15 |
| Borrow Rate | 0.37 |
| Short Shares Avail. | 1.30 MM |
| Short Interest | 20.48 MM |
| Short Float | 1.63 % |
| Days to Cover | 1.81 days |
| Risk Free Rate | 4.17 % |
| Price Change (1 yr) | -7.08 % |
| Volatility (1 yr) | 0.39 |
| Beta | 0.90 |
| Sharpe Ratio (1 yr) | -0.29 |
| Sortino Ratio (1 yr) | -0.46 |
| PE Ratio | |
| Price/Book | |
| Price/TBV | |
| Book/Market | |
| EBIT/EV | |
| EBIT(3yr avg)/EV | |
| ROA | 0.05 |
| ROE | 0.09 |
| ROIC | 0.07 |
| CROIC | -0.01 |
| OCROIC | 0.21 |
| Implied Volatility | 31.62 % |
| Put/Call OI Ratio | 0.64 |
Factor Scores range from 0 to 100, with 100 being most desirable. Larger circles are better. In situations where we have no data (e.g. no insider trades), we plot the score at 50 to avoid penalizing companies. However, a company that does not pay dividends will get a Dividend Score of Zero. Additionally, we inverted volatility to create a "stability" metric which is better when higher.
Price Target
The average one-year price target for Cenovus Energy Inc. is $18.95. The forecasts range from a low of $13.82 to a high of $22.69. A stock’s price target is the price at which analysts consider it fairly valued with respect to its projected earnings and historical earnings. Analysts typically set price targets that correspond to their buy or sell recommendations.
Update Frequency: Monthly
Stock Upgrades/Downgrades
This card shows analyst upgrades/downgrades for Cenovus Energy Inc.. An analyst rating is a classification that gives investors a sense of analyst sentiment about the direction and performance of an equity - usually a stock - over a period of time, typically 12 months.
The standard analyst ratings are generally as follows:
- Buy/Overweight/Outperform - Any of these ratings conveys an analyst’s belief that the stock is likely to outperform a market index (e.g. the S&P 500).
- Hold/Equal-Weight/Market Perform - Any of these ratings conveys an analyst’s belief that the stock is likely to perform in line with a market index.
- Sell/Underweight/Underperform - Any of these ratings suggest that an analyst believes the stock is likely to underperform a market index.
When an analyst upgrades a stock, they are signaling that the company’s fundamentals are being undervalued by investors. It could also mean they believe the market is underestimating the company’s potential. The opposite is true when a stock receives a downgrade.
The average rating of each individual analyst’s rating is the consensus rating for a stock. This gives investors a broader sense of the overall sentiment for that stock.
| Date | Analyst | Prior | Latest Recommendation |
Action |
|---|---|---|---|---|
| 2023-12-21 | TUDOR PICKERING & CO. SEC | Buy | Buy | Maintains |
| 2023-12-19 | DESJARDINS SECURITIES | Buy | Buy | Maintains |
| 2023-12-19 | CIBC CAPITAL MARKETS | Outperform | Outperform | Maintains |
| 2023-12-14 | NATIONAL BANK FINANCIAL | Outperform | Outperform | Maintains |
| 2023-12-14 | TD SECURITIES | Buy | Buy | Maintains |
| 2023-12-14 | ATB CAPITAL MARKETS | Outperform | Outperform | Maintains |
| 2023-12-11 | PETERS & CO., LIMITED | Outperform | Outperform | Maintains |
| 2023-11-28 | ARC INDEPENDENT RESEARCH | Buy | Buy | Maintains |
| 2023-09-08 | VERITAS INVESTMENT RESEARCH | Buy | Buy | Maintains |
| 2023-08-28 | CIBC CAPITAL MARKETS | Outperform | Outperform | Maintains |
| 2023-08-27 | CIBC CAPITAL MARKETS | Outperform | Outperform | Maintains |
| 2023-08-21 | DESJARDINS SECURITIES | Buy | Buy | Maintains |
| 2023-08-20 | DESJARDINS SECURITIES | Buy | Buy | Maintains |
| 2023-08-16 | VERITAS INVESTMENT RESEARCH | Buy | Buy | Maintains |
| 2023-08-15 | VERITAS INVESTMENT RESEARCH | Buy | Buy | Maintains |
| 2023-08-10 | TUDOR PICKERING & CO. SEC | Buy | Buy | Maintains |
| 2023-08-09 | TUDOR PICKERING & CO. SEC | Buy | Buy | Maintains |
| 2023-07-31 | ARC INDEPENDENT RESEARCH | Buy | Buy | Maintains |
| 2023-07-30 | ARC INDEPENDENT RESEARCH | Buy | Buy | Maintains |
| 2023-07-28 | TD SECURITIES | Buy | Buy | Maintains |
| 2023-07-27 | TD SECURITIES | Buy | Buy | Maintains |
| 2023-07-27 | NATIONAL BANK FINANCIAL | Outperform | Outperform | Maintains |
| 2023-07-27 | ATB CAPITAL MARKETS | Outperform | Outperform | Maintains |
| 2023-07-26 | NATIONAL BANK FINANCIAL | Outperform | Outperform | Maintains |
| 2023-07-26 | ATB CAPITAL MARKETS | Outperform | Outperform | Maintains |
| 2023-06-05 | CIBC CAPITAL MARKETS | Outperform | Outperform | Maintains |
| 2023-06-05 | TUDOR PICKERING & CO. SEC | Buy | Buy | Maintains |
| 2023-06-04 | CIBC CAPITAL MARKETS | Outperform | Outperform | Maintains |
| 2023-06-04 | TUDOR PICKERING & CO. SEC | Buy | Buy | Maintains |
| 2023-05-26 | DESJARDINS SECURITIES | Buy | Buy | Maintains |
| 2023-05-25 | DESJARDINS SECURITIES | Buy | Buy | Maintains |
| 2023-04-27 | ARC INDEPENDENT RESEARCH | Buy | Buy | Maintains |
| 2023-04-27 | VERITAS INVESTMENT RESEARCH | Buy | Buy | Maintains |
| 2023-04-26 | ARC INDEPENDENT RESEARCH | Buy | Buy | Maintains |
| 2023-04-26 | VERITAS INVESTMENT RESEARCH | Buy | Buy | Maintains |
| 2023-04-26 | NATIONAL BANK FINANCIAL | Outperform | Outperform | Maintains |
| 2023-04-26 | TD SECURITIES | Buy | Buy | Maintains |
| 2023-04-26 | ATB CAPITAL MARKETS | Outperform | Outperform | Maintains |
| 2023-04-25 | NATIONAL BANK FINANCIAL | Outperform | Outperform | Maintains |
| 2023-04-25 | TD SECURITIES | Buy | Buy | Maintains |
| 2023-04-25 | ATB CAPITAL MARKETS | Outperform | Outperform | Maintains |
| 2023-04-17 | DESJARDINS SECURITIES | Hold | Buy | Upgrade |
| 2023-04-16 | ATB CAPITAL MARKETS | Outperform | Outperform | Maintains |
| 2023-04-14 | CIBC CAPITAL MARKETS | Outperform | Outperform | Maintains |
| 2023-04-14 | TUDOR PICKERING & CO. SEC | Buy | Buy | Maintains |
| 2023-04-13 | SCOTIABANK GBM | Outperform | Outperform | Maintains |
| 2023-04-12 | SCOTIABANK GBM | Outperform | Outperform | Maintains |
| 2023-04-05 | CREDIT SUISSE | Neutral | Outperform | Upgrade |
| 2023-04-04 | CREDIT SUISSE | Neutral | Outperform | Upgrade |
| 2023-03-29 | TD SECURITIES | Buy | Buy | Maintains |
| 2023-02-16 | NATIONAL BANK FINANCIAL | Outperform | Outperform | Maintains |
| 2023-01-16 | RAYMOND JAMES LTD. | Outperform | Outperform | Maintains |
| 2023-01-15 | RAYMOND JAMES LTD. | Outperform | Outperform | Maintains |
| 2022-12-07 | Raymond James Capital | Outperform | Maintains | |
| 2022-12-07 | TD Research | Buy | Maintains | |
| 2022-12-07 | Scotiabank Capital | Outperform | Maintains | |
| 2022-11-03 | TD Research | Buy | Maintains | |
| 2022-11-03 | Scotiabank Capital | Outperform | Maintains | |
| 2022-10-19 | STA Research | Underperform | Maintains | |
| 2022-10-19 | Jefferies Financial LLC | Buy | Initiate | |
| 2022-09-07 | STA Research | Underperform | Maintains | |
| 2022-09-07 | Scotiabank Capital | Outperform | Maintains | |
| 2022-08-11 | Credit Suisse | Outperform | Initiate | |
| 2022-08-09 | ARC INDEPENDENT RESEARCH | Buy | Buy | Maintains |
| 2022-08-09 | Scotiabank Capital | Outperform | Maintains | |
| 2022-08-08 | ARC INDEPENDENT RESEARCH | Buy | Buy | Maintains |
| 2022-07-29 | JP Morgan & Company | 34 | 36 | Upgrade |
| 2022-07-29 | Scotiabank Capital | Outperform | Maintains | |
| 2022-07-28 | TD Research | Buy | Maintains | |
| 2022-07-28 | CIBC Capital Markets | Outperform | Maintains | |
| 2022-07-11 | STA Research | Underperform | Maintains | |
| 2022-07-08 | Credit Suisse | Outperform | Maintains | |
| 2022-06-13 | PETERS & CO., LIMITED | Outperform | Outperform | Maintains |
| 2022-06-12 | PETERS & CO., LIMITED | Outperform | Outperform | Maintains |
| 2022-06-09 | STA Research | Underperform | Maintains | |
| 2022-06-01 | CIBC Capital Markets | Outperform | Maintains | |
| 2022-06-01 | Scotiabank Capital | Outperform | Maintains | |
| 2022-05-18 | Raymond James Capital | Outperform | Maintains | |
| 2022-05-18 | National Bank of Canada Financial | Sector Perform | Maintains | |
| 2022-05-18 | RBC Royalbank | Outperform | Maintains | |
| 2022-04-28 | Raymond James Capital | Outperform | Initiate | |
| 2022-04-28 | Scotiabank Capital | Outperform | Maintains | |
| 2022-04-11 | CIBC Capital Markets | Outperform | Maintains | |
| 2022-04-05 | Scotiabank Capital | Outperform | Maintains | |
| 2022-03-14 | Scotiabanck Capital | Outperform | Maintains | |
| 2022-02-09 | STA Research | Undeperform | Initiate | |
| 2022-02-09 | Raymond James Financial | Outperform | Initiate | |
| 2022-02-09 | BMO Financial | Outperform | Initiate | |
| 2022-02-09 | Scotiabank Capital | Outperform | Maintains | |
| 2022-02-08 | Tudor Pickering | Buy | Initiate | |
| 2022-01-21 | BMO Financial | Outperform | Initiate | |
| 2022-01-17 | RBC Royalbank | Buy | Initiate | |
| 2021-12-23 | RBC Royal Bank | Outperform | Initiate | |
| 2021-12-20 | RBC Capital | Outperform | Initiate | |
| 2021-12-20 | Credit Suisse | Outperform | Initiate | |
| 2021-12-20 | Scotiabank Capital | Outperform | Maintains | |
| 2021-12-17 | Tudor Pickering | Buy | Initiate | |
| 2021-12-17 | Raymond James Financial | Outperform | Initiate | |
| 2021-12-09 | CIBC WM | Outperform | Maintains | |
| 2021-12-02 | VERITAS INVESTMENT RESEARCH | Buy | Buy | Maintains |
| 2021-12-02 | ScotiaBankFinancial | Outperform | Maintains | |
| 2021-12-01 | VERITAS INVESTMENT RESEARCH | Buy | Buy | Maintains |
| 2021-12-01 | RaymondJamesFinancial | Outperform | Initiate | |
| 2021-12-01 | RBCRoyalBank | Outperform | Maintains | |
| 2021-12-01 | CIBC WM | Outperform | Maintains | |
| 2021-11-03 | Tudor Pickering | Hold | Initiate | |
| 2021-11-03 | CM Bank | Outperform | Maintains | |
| 2021-11-03 | RY Bank | Outperform | Maintains | |
| 2021-10-27 | ATB Capital | Outperform | Initiate | |
| 2021-10-18 | CIBC World Markets | Outperform | Maintains | |
| 2021-10-15 | Sbank | Outperform | Maintains | |
| 2021-10-14 | Sbank | 14 | 16.5 | Upgrade |
| 2021-10-12 | Goldman Sachs | Buy | Initiate | |
| 2021-10-07 | Morgan Stanley | Buy | Initiate | |
| 2021-09-29 | BMO Capital Markets | Outperform | Maintains | |
| 2021-09-28 | Raymond James Financial | Market Perform | Initiate | |
| 2021-09-17 | RBC Capital | Outperform | Maintains | |
| 2021-09-16 | JPMorgan Chase | Buy | Maintains | |
| 2021-09-09 | Raymond James Financial | Market Perform | Initiate | |
| 2021-08-20 | VERITAS INVESTMENT RESEARCH | Sell | Buy | Upgrade |
| 2021-08-19 | VERITAS INVESTMENT RESEARCH | Sell | Buy | Upgrade |
| 2021-08-17 | Goldman Sachs | Buy | Initiate | |
| 2021-07-30 | Tudor Pickering | Buy | Initiate | |
| 2021-07-29 | CIBC World Markets | Outperform | Maintains | |
| 2021-07-20 | Raymond James Financial | Market Perform | Initiate | |
| 2021-07-11 | CREDIT SUISSE | Neutral | Neutral | Maintains |
| 2021-07-10 | CREDIT SUISSE | Neutral | Neutral | Maintains |
| 2021-06-30 | UBS | Buy | Maintains | |
| 2021-06-15 | UBS | Neutral | Buy | Upgrade |
| 2021-06-09 | RAYMOND JAMES LTD. | Outperform | Outperform | Maintains |
| 2021-06-09 | ATB CAPITAL MARKETS | Outperform | Outperform | Maintains |
| 2021-06-08 | RAYMOND JAMES LTD. | Outperform | Outperform | Maintains |
| 2021-06-08 | ATB CAPITAL MARKETS | Outperform | Outperform | Maintains |
| 2021-05-28 | Tudor Pickering | Buy | Maintains | |
| 2021-05-19 | Tudor Pickering | Buy | Initiate | |
| 2021-05-10 | VERITAS INVESTMENT RESEARCH | Sell | Sell | Maintains |
| 2021-05-10 | Raymond James Financial | Outperform | Initiate | |
| 2021-05-09 | VERITAS INVESTMENT RESEARCH | Sell | Sell | Maintains |
| 2021-05-07 | CIBC World Markets | Outperform | Maintains | |
| 2021-04-13 | Tudor Pickering | Buy | Initiate | |
| 2021-03-15 | RBC Capital | Outperform | Initiate | |
| 2021-02-20 | National Bank Financial | Outperform | Reiterate | |
| 2021-02-10 | RBC Capital | Buy | Initiate | |
| 2021-02-10 | Raymond James Financial | Market Perform | Maintains | |
| 2021-02-09 | DESJARDINS SECURITIES | Hold | Hold | Maintains |
| 2021-01-29 | RBC Capital | Outperform | Initiate | |
| 2021-01-28 | Tudor Pickering | Buy | Initiate | |
| 2021-01-25 | Citigroup | 8 | 11 | Upgrade |
| 2021-01-25 | ATB Capital | Outperform | Initiate | |
| 2021-01-15 | CIBC World Markets | Outperform | Initiate | |
| 2021-01-15 | Sbank | Sector Perform | Maintains | |
| 2021-01-14 | Sbank | 7 | 9.25 | Upgrade |
| 2021-01-08 | UBS | Market Perform | Maintains | |
| 2021-01-07 | UBS | 5 | 9 | Upgrade |
| 2021-01-05 | Tudor Pickering | Buy | Maintains | |
| 2020-12-07 | Tudor Pickering | Hold | Buy | Upgrade |
| 2020-11-10 | Tudor Pickering | Hold | Initiate | |
| 2020-10-30 | BMO Capital Markets | 7.5 | 6 | Downgrade |
| 2020-10-29 | Citigroup | 9 | 8 | Downgrade |
| 2020-10-20 | Morgan Stanley | 8 | 6 | Downgrade |
| 2020-10-01 | JP Morgan | Neutral | Underweight | Downgrade |
| 2020-07-27 | PETERS & CO., LIMITED | Outperform | Outperform | Maintains |
| 2020-07-08 | Morgan Stanley | 5 | 7 | Upgrade |
| 2020-06-29 | BMO Capital Markets | 6.5 | 7.5 | Upgrade |
| 2020-06-24 | Citigroup | 7 | 9 | Upgrade |
| 2020-06-11 | Sbank | Outperform | Sector Perform | Downgrade |
| 2020-06-08 | Tudor Pickering | Hold | Initiate | |
| 2020-06-05 | Goldman Sachs | Buy | Initiate | |
| 2020-04-29 | Citigroup | 15 | 7 | Downgrade |
| 2020-04-22 | CIBC World Markets | 8 | 6 | Downgrade |
| 2020-04-09 | Goldman Sachs | Buy | Initiate | |
| 2020-04-08 | Sbank | 14.5 | 5 | Downgrade |
| 2020-04-03 | Raymond James Financial | Market Perform | Initiate | |
| 2020-04-02 | Credit Suisse | 9 | 6.5 | Downgrade |
| 2020-03-25 | Tudor Pickering | Buy | Hold | Downgrade |
| 2020-03-16 | Morgan Stanley | 14 | 5 | Downgrade |
| 2020-03-16 | RBC Capital | 15 | 7 | Downgrade |
| 2020-03-11 | JPMorgan Chase | 12 | 5.5 | Downgrade |
| 2020-03-10 | Canaccord Genuity | 14 | 6.5 | Downgrade |
| 2020-03-04 | JPMorgan Chase | Overweight | Neutral | Downgrade |
| 2020-02-13 | Raymond James Financial | Market Perform | Initiate | |
| 2020-02-12 | Tudor Pickering | Buy | Initiate | |
| 2020-01-14 | Sbank | 15 | 14.5 | Downgrade |
| 2020-01-14 | Canaccord Genuity | 13 | 14 | Upgrade |
| 2019-12-10 | Tudor Pickering | Buy | Initiate | |
| 2019-11-02 | Raymond James Financial | Market Perform | Initiate | |
| 2019-11-01 | Raymond James Financial | Market Perform | Reiterate | |
| 2019-10-23 | Morgan Stanley | Equal Weight | Underweight | Downgrade |
| 2019-10-18 | RBC Capital | 17 | 15 | Downgrade |
| 2019-10-15 | CIBC World Markets | 16.5 | 16 | Downgrade |
| 2019-10-08 | Citigroup | 13 | 15 | Upgrade |
| 2019-10-07 | AltaCorp Capital | Sector Perform | Outperform | Upgrade |
| 2019-10-03 | Raymond James Financial | Market Perform | Initiate | |
| 2019-10-03 | Tudor Pickering | Buy | Reiterate | |
| 2019-10-03 | UBS | Neutral | Maintains | |
| 2019-09-26 | Goldman Sachs | Neutral | Buy | Upgrade |
| 2019-08-29 | Credit Suisse | 17 | 16 | Downgrade |
| 2019-07-26 | Raymond James Financial | Market Perform | Initiate | |
| 2019-07-26 | BMO Capital Markets | 15 | 16 | Upgrade |
| 2019-07-26 | GMP Securities | 15 | 14.5 | Downgrade |
| 2019-07-18 | CIBC World Markets | Neutral | Outperform | Upgrade |
| 2019-07-18 | RBC Capital | 15 | 14 | Downgrade |
| 2019-07-09 | Canaccord Genuity | 15 | 13.5 | Downgrade |
| 2019-06-28 | GMP Securities | 15.75 | 15 | Downgrade |
| 2019-06-20 | Citigroup | 15 | 13 | Downgrade |
| 2019-06-20 | UBS | 13 | 12.5 | Downgrade |
| 2019-06-14 | BMO Capital Markets | 16 | 15 | Downgrade |
| 2019-04-25 | Raymond James Financial | 13 | 14 | Upgrade |
| 2019-04-25 | JPMorgan Chase | 15 | 16 | Upgrade |
| 2019-04-16 | Goldman Sachs | Sell | Neutral | Upgrade |
| 2019-04-08 | National Bank Financial | 14.5 | 17.5 | Upgrade |
| 2019-01-30 | Morgan Stanley | 15 | 12 | Downgrade |
| 2019-01-28 | Credit Suisse | Outperform | Initiate | |
| 2019-01-10 | Barclays | 17 | 16 | Downgrade |
| 2019-01-10 | Canaccord Genuity | 12.5 | 12 | Downgrade |
| 2018-12-13 | GMP Securities | 17 | 14 | Downgrade |
| 2018-12-12 | Raymond James Financial | Market Perform | Initiate | |
| 2018-12-11 | JPMorgan Chase | 17 | 15 | Downgrade |
| 2018-11-22 | CIBC World Markets | 17 | 14.5 | Downgrade |
| 2018-11-20 | Canaccord Genuity | 13.5 | 12.5 | Downgrade |
| 2018-11-20 | Morgan Stanley | 17 | 15 | Downgrade |
| 2018-11-01 | Raymond James Financial | Market Perform | Initiate | |
| 2018-10-24 | Canaccord Genuity | 14 | 13.5 | Downgrade |
| 2018-10-22 | TD Securities | Hold | Buy | Upgrade |
| 2018-10-16 | Canaccord Genuity | 15 | 14 | Downgrade |
| 2018-10-14 | Morgan Stanley | 18 | 17 | Downgrade |
| 2018-10-12 | Morgan Stanley | Equal-Weight | Equal-Weight | Maintains |
| 2018-10-05 | CIBC World Markets | Outperform | Initiate | |
| 2018-10-05 | Raymond James Financial | 16 | 17 | Upgrade |
| 2018-10-05 | CIBC | Outperformer | Initiate | |
| 2018-09-10 | JPMorgan Chase | Neutral | Outperform | Upgrade |
| 2018-09-07 | Goldman Sachs | Neutral | Sell | Downgrade |
| 2018-08-16 | Canaccord Genuity | Buy | Hold | Downgrade |
| 2018-08-02 | Macquarie | Underperform | Neutral | Upgrade |
| 2018-07-11 | Credit Suisse | 17 | 19 | Upgrade |
| 2018-07-10 | Canaccord Genuity | 16 | 18 | Upgrade |
| 2018-07-05 | Raymond James Financial | 14 | 16 | Upgrade |
| 2018-05-31 | National Bank Financial | Sector Perform Overweight | Outperform Overweight | Upgrade |
| 2018-05-23 | Citigroup | 11 | 15 | Upgrade |
| 2018-05-23 | Morgan Stanley | Equal-Weight | Equal-Weight | Maintains |
| 2018-05-17 | BMO Capital Markets | Market Perform | Outperform | Upgrade |
| 2018-05-17 | BMO Capital | Market Perform | Outperform | Upgrade |
| 2018-05-14 | Canaccord Genuity | 14.5 | 16 | Upgrade |
| 2018-04-24 | Raymond James Financial | Underperform | Market Perform | Upgrade |
| 2018-04-24 | Raymond James | Underperform | Market Perform | Upgrade |
| 2018-04-16 | Morgan Stanley | Equal-Weight | Equal-Weight | Maintains |
| 2018-04-13 | Credit Suisse | 15 | 17 | Upgrade |
| 2018-04-11 | Canaccord Genuity | 16 | 14.5 | Downgrade |
| 2018-03-07 | UBS | Neutral | Initiate | |
| 2018-01-11 | Eight Capital | Neutral | Initiate | |
| 2017-12-11 | Citigroup | 10 | 13 | Upgrade |
| 2017-11-15 | Sbank | Outperform | Sector Perform | Downgrade |
| 2017-11-14 | CIBC World Markets | 14.5 | 16 | Upgrade |
| 2017-11-03 | BMO Capital Markets | 12 | 14 | Upgrade |
| 2017-11-03 | JPMorgan Chase | 12.5 | 14 | Upgrade |
| 2017-10-13 | Morgan Stanley | Overweight | Maintains | |
| 2017-10-02 | CIBC World Markets | 12.5 | 14.5 | Upgrade |
| 2017-09-26 | Canaccord Genuity | 14.5 | 15 | Upgrade |
| 2017-09-14 | JPMorgan Chase | 11 | 11.5 | Upgrade |
| 2017-09-06 | Canaccord Genuity | 14 | 14.5 | Upgrade |
| 2017-07-20 | CIBC World Markets | 13 | 11 | Downgrade |
| 2017-06-30 | TD Securities | Buy | Hold | Maintains |
| 2017-06-27 | National Bank Financial | Sector Perform | Initiate | |
| 2017-06-21 | TD Securities | Buy | Maintains | |
| 2017-06-21 | Desjardins Securities | Buy | Maintains | |
| 2017-06-21 | BMO Capital Markets | Market Perform | Maintains | |
| 2017-05-26 | Credit Suisse | Outperform | Maintains | |
| 2017-05-24 | RBC Capital | Outperform | Maintains | |
| 2017-04-27 | TD Securities | Buy | Maintains | |
| 2017-04-07 | BMO Capital Markets | Market Perform | Maintains | |
| 2017-03-30 | Raymond James Financial | Market Perform | Maintains | |
| 2017-03-09 | Canaccord Genuity | Hold | Maintains | |
| 2017-02-17 | Sbank | Outperform | Maintains | |
| 2017-02-16 | Raymond James Financial | Market Perform | Maintains | |
| 2017-01-24 | Macquarie | Neutral | Underperform | Downgrade |
| 2017-01-23 | Goldman Sachs | Buy | Sell | Downgrade |
| 2016-12-13 | Edward Jones | Buy | Hold | Downgrade |
| 2016-10-28 | Sbank | Outperform | Maintains | |
| 2016-08-19 | Bank of America | Neutral | Initiate | |
| 2016-08-11 | TD Securities | Buy | Hold | Maintains |
| 2016-07-29 | TD Securities | Buy | Maintains | |
| 2016-07-29 | Sbank | Outperform | Maintains | |
| 2016-07-29 | JP Morgan | Neutral | Maintains | |
| 2016-06-13 | Morgan Stanley | Equal-Weight | Overweight | Upgrade |
| 2016-04-28 | UBS | Neutral | Maintains | |
| 2016-04-28 | National Bank Financial | Outperform | Maintains | |
| 2016-04-28 | Barclays | Underweight | Maintains | |
| 2016-03-11 | Goldman Sachs | Buy | Maintains | |
| 2016-02-16 | TD Securities | Buy | Maintains | |
| 2016-02-12 | BMO Capital Markets | At Market Perform | Maintains | |
| 2016-01-26 | Goldman Sachs | Neutral | Buy | Upgrade |
| 2016-01-26 | UBS | Buy | Neutral | Downgrade |
| 2016-01-21 | Nomura | Reduce | Neutral | Upgrade |
| 2016-01-18 | RBC Capital | Outperform | Maintains | |
| 2015-12-15 | JP Morgan | Neutral | Maintains | |
| 2015-12-14 | First Energy | Outperform | Maintains | |
| 2015-12-11 | RBC Capital | Outperform | Maintains | |
| 2015-12-11 | BMO Capital Markets | At Market Perform | Maintains | |
| 2015-12-01 | Goldman Sachs | Sell | Neutral | Upgrade |
| 2015-10-30 | Sbank | Sector Outperform | Maintains | |
| 2015-10-12 | Barclays | Equal-Weight | Underweight | Downgrade |
| 2015-09-15 | Citigroup | Neutral | Maintains | |
| 2015-09-08 | Raymond James Financial | Outperform | Maintains | |
| 2015-07-06 | Citigroup | Neutral | Maintains | |
| 2015-05-29 | JPMorgan Chase | Neutral | Maintains | |
| 2015-05-28 | JP Morgan | Neutral | Maintains | |
| 2015-04-24 | UBS | Buy | Initiate | |
| 2015-04-14 | GMP Securities | Hold | Initiate | |
| 2015-04-09 | Credit Suisse | Neutral | Maintains | |
| 2015-03-04 | CIBC World Markets | Sector Perform | Maintains | |
| 2015-03-04 | TD Securities | Hold | Buy | Upgrade |
| 2015-02-13 | RBC Capital | Outperform | Outperform | Maintains |
| 2015-02-13 | National Bank Financial | Sector Perform | Maintains | |
| 2015-01-26 | Bank of America | Buy | Neutral | Downgrade |
| 2014-12-12 | TD Securities | Hold | Maintains | |
| 2014-12-12 | CIBC World Markets | Sector Perform | Maintains | |
| 2014-12-12 | National Bank Financial | Sector Perform | Maintains | |
| 2014-12-12 | Societe Generale | Hold | Maintains | |
| 2014-12-05 | Raymond James Financial | Outperform | Maintains | |
| 2014-12-04 | CIBC World Markets | Sector Perform | Maintains | |
| 2014-10-30 | Societe Generale | Hold | Maintains | |
| 2014-10-29 | National Bank Financial | Sector Perform | Maintains | |
| 2014-10-06 | National Bank Financial | Sector Perform | Maintains | |
| 2014-10-01 | Citigroup | Buy | Maintains | |
| 2014-09-26 | Societe Generale | Buy | Hold | Maintains |
| 2014-09-16 | AltaCorp Capital | Sector Perform | Initiate | |
| 2014-07-31 | TD Securities | Hold | Maintains | |
| 2014-07-25 | Barclays | Outperform | Equal Weight | Maintains |
| 2014-07-17 | CIBC World Markets | Sector Perform | Maintains | |
| 2014-07-17 | CIBC | Sector Perform | Maintains | |
| 2014-07-08 | Cormark Securities | Buy | Market Perform | Downgrade |
| 2014-05-02 | Macquarie Research | Outperform | Neutral | Maintains |
| 2014-05-01 | National Bank Financial | Outperform | Sector Perform | Maintains |
| 2014-05-01 | CIBC World Markets | Sector Perform | Maintains | |
| 2014-04-29 | Seaport Global | Buy | Neutral | Downgrade |
| 2014-04-15 | CIBC World Markets | Sector Perform | Maintains | |
| 2014-04-11 | Raymond James Financial | Outperform | Maintains | |
| 2014-03-25 | Morgan Stanley | Equal-Weight | Initiate | |
| 2014-03-19 | Morgan Stanley | Equal-Weight | Initiate | |
| 2014-03-12 | Cormark Securities | Market Perform | Buy | Upgrade |
| 2014-02-18 | First Energy | Outperform | Maintains | |
| 2014-02-14 | Sbank | Sector Outperform | Maintains | |
| 2014-02-14 | RBC Capital | Outperform | Maintains | |
| 2014-02-14 | Canaccord Genuity | Buy | Hold | Downgrade |
| 2014-02-03 | Scotiabank | Outperform | Maintains | |
| 2014-01-27 | Raymond James Financial | Outperform | Maintains | |
| 2014-01-06 | Cormark Securities | Buy | Market Perform | Downgrade |
| 2013-10-25 | Global Hunter | Buy | Maintains | |
| 2013-10-25 | Canaccord Genuity | Buy | Maintains | |
| 2013-07-25 | RBC Capital | Outperform | Maintains | |
| 2013-07-25 | BMO Capital Markets | Outperform | Maintains | |
| 2013-07-22 | Canaccord Genuity | Buy | Maintains | |
| 2013-06-06 | Global Hunter Securities | Buy | Initiate | |
| 2013-04-25 | TD Securities | Hold | Buy | Upgrade |
| 2013-04-22 | CIBC World Markets | Sector Perform | Maintains | |
| 2013-04-22 | Canaccord Genuity | Buy | Maintains | |
| 2013-02-15 | CIBC World Markets | Sector Outperform | Maintains | |
| 2013-02-15 | RBC Capital | Outperform | Maintains | |
| 2013-02-15 | BMO Capital | Outperform | Maintains | |
| 2013-01-08 | TD Securities | Buy | Maintains | |
| 2012-08-30 | Barclays | Equal-Weight | Overweight | Upgrade |
| 2025-04-02 | RBC Capital | Outperform | Outperform | Reiterate |
| 2025-08-01 | RBC Capital | Outperform | Outperform | Maintains |
| 2024-08-04 | CIBC CAPITAL MARKETS | Outperform | Outperform | Maintains |
| 2024-08-01 | DESJARDINS SECURITIES | Buy | Buy | Maintains |
| 2024-08-01 | VERITAS INVESTMENT RESEARCH | Buy | Buy | Maintains |
| 2024-07-31 | TD COWEN | Buy | Buy | Maintains |
| 2024-07-31 | NATIONAL BANK FINANCIAL | Outperform | Outperform | Maintains |
| 2024-07-31 | RAYMOND JAMES LTD. | Outperform | Outperform | Maintains |
| 2024-07-31 | ATB CAPITAL MARKETS | Outperform | Outperform | Maintains |
| 2024-07-25 | TUDOR PICKERING & CO. SEC | Buy | Buy | Maintains |
| 2024-07-01 | PETERS & CO., LIMITED | Outperform | Outperform | Maintains |
| 2024-06-12 | ARC INDEPENDENT RESEARCH | Buy | Buy | Maintains |
| 2024-03-20 | EQUISIGHTS | Outperform | Outperform | Maintains |
| 2024-03-19 | TD SECURITIES | Buy | Buy | Maintains |
| 2023-12-20 | TUDOR PICKERING & CO. SEC | Buy | Buy | Maintains |
| 2023-12-18 | DESJARDINS SECURITIES | Buy | Buy | Maintains |
| 2023-12-18 | CIBC CAPITAL MARKETS | Outperform | Outperform | Maintains |
| 2023-12-13 | NATIONAL BANK FINANCIAL | Outperform | Outperform | Maintains |
| 2023-12-13 | TD SECURITIES | Buy | Buy | Maintains |
| 2023-12-13 | ATB CAPITAL MARKETS | Outperform | Outperform | Maintains |
| 2023-12-10 | PETERS & CO., LIMITED | Outperform | Outperform | Maintains |
| 2023-11-27 | ARC INDEPENDENT RESEARCH | Buy | Buy | Maintains |
| 2023-09-07 | VERITAS INVESTMENT RESEARCH | Buy | Buy | Maintains |
| 2025-04-11 | RBC Capital | Outperform | Outperform | Reiterate |
| 2025-04-30 | Goldman Sachs | Buy | Buy | Maintains |
| 2025-01-06 | RBC Capital | Outperform | Outperform | Reiterate |
| 2025-02-21 | RBC Capital | Outperform | Outperform | Maintains |
| 2025-04-06 | SCOTIABANK GBM | Outperform | Outperform | Maintains |
| 2025-04-05 | CIBC CAPITAL MARKETS | Outperform | Outperform | Maintains |
| 2025-04-02 | TD COWEN | Buy | Buy | Maintains |
| 2025-04-02 | RAYMOND JAMES LTD. | Outperform | Outperform | Maintains |
| 2025-03-30 | VERITAS INVESTMENT RESEARCH | Buy | Buy | Maintains |
| 2025-03-24 | EQUISIGHTS | Outperform | Outperform | Maintains |
| 2025-03-24 | TUDOR PICKERING & CO. SEC | Buy | Buy | Maintains |
| 2025-03-20 | DESJARDINS SECURITIES | Buy | Buy | Maintains |
| 2025-02-23 | JEFFERIES | Buy | Buy | Maintains |
| 2025-02-19 | NATIONAL BANK FINANCIAL | Outperform | Outperform | Maintains |
| 2025-02-19 | ATB CAPITAL MARKETS | Outperform | Outperform | Maintains |
| 2025-01-06 | EQUISIGHTS | Outperform | Outperform | Maintains |
| 2025-01-04 | CIBC CAPITAL MARKETS | Outperform | Outperform | Maintains |
| 2024-12-23 | NATIONAL BANK FINANCIAL | Outperform | Outperform | Maintains |
| 2024-12-22 | SCOTIABANK GBM | Outperform | Outperform | Maintains |
| 2024-12-17 | ARC INDEPENDENT RESEARCH | Buy | Buy | Maintains |
| 2024-12-17 | ATB CAPITAL MARKETS | Outperform | Outperform | Maintains |
| 2024-12-12 | DESJARDINS SECURITIES | Buy | Buy | Maintains |
| 2024-12-11 | EIGHT CAPITAL | Buy | Buy | Maintains |
| 2024-12-11 | TD COWEN | Buy | Buy | Maintains |
| 2024-12-11 | RAYMOND JAMES LTD. | Outperform | Outperform | Maintains |
| 2024-11-19 | VERITAS INVESTMENT RESEARCH | Buy | Buy | Maintains |
| 2024-10-29 | TUDOR PICKERING & CO. SEC | Buy | Buy | Maintains |
| 2025-07-17 | DESJARDINS SECURITIES | Buy | Buy | Maintains |
| 2025-07-15 | TUDOR PICKERING & CO. SEC | Buy | Buy | Maintains |
| 2025-07-12 | JEFFERIES | Buy | Buy | Maintains |
| 2025-07-09 | SCOTIABANK GBM | Outperform | Outperform | Maintains |
| 2025-07-09 | CIBC CAPITAL MARKETS | Outperform | Outperform | Maintains |
| 2025-07-08 | TD COWEN | Buy | Buy | Maintains |
| 2025-07-08 | ATB CAPITAL MARKETS | Outperform | Outperform | Maintains |
| 2025-07-02 | RAYMOND JAMES LTD. | Outperform | Outperform | Maintains |
| 2025-05-25 | ARC INDEPENDENT RESEARCH | Buy | Buy | Maintains |
| 2025-04-29 | VERITAS INVESTMENT RESEARCH | Buy | Buy | Maintains |
