Cenovus Energy Inc. (TSX:CVE)
Canada · Delayed Price · Currency is CAD 45.37
+0.51 (1.14%)
Aug 21, 2026, 4:00 PM EST
Cenovus Energy Stock Forecast
Stock Price Forecast
According to 18 analysts polled by S&P Global, Cenovus Energy stock has a consensus rating of "Buy" and an average price target of $49.74. The average 1-year stock price forecast is 9.63% higher than the current stock price, while the lowest is $42.50 (-6.33%) and the highest is $60.00 (+32.25%).
Price Target: $49.74 (+9.63%)
Analyst Consensus: Buy
Price Target
ChartAnalyst Ratings
The average analyst rating for Cenovus Energy stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Mar '26 | Apr '26 | May '26 | Jun '26 | Jul '26 | Aug '26 |
|---|---|---|---|---|---|---|
| Strong Buy | 11 | 11 | 10 | 10 | 10 | 10 |
| Buy | 5 | 5 | 6 | 6 | 7 | 7 |
| Hold | 1 | 1 | 1 | 1 | 1 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 17 | 17 | 17 | 17 | 18 | 18 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Goldman Sachs | Goldman Sachs | Buy Maintains $55.21 | Buy | Maintains | $55.21 | +21.69% | Aug 20, 2026 |
| Morgan Stanley | Morgan Stanley | Buy Maintains $43.00 → $50.00 | Buy | Maintains | $43.00 → $50.00 | +10.20% | Aug 19, 2026 |
| UBS | UBS | Buy Reiterates $46.00 → $52.00 | Buy | Reiterates | $46.00 → $52.00 | +14.61% | Aug 18, 2026 |
| Jefferies | Jefferies | Buy Maintains $49.00 → $51.00 | Buy | Maintains | $49.00 → $51.00 | +12.41% | Aug 17, 2026 |
| J.P. Morgan | J.P. Morgan | Hold Maintains $45.00 → $51.00 | Hold | Maintains | $45.00 → $51.00 | +12.41% | Aug 5, 2026 |
Financial Forecast
Revenue This Year
60.85B
from 49.70B
Increased by 22.45%
Revenue Next Year
52.92B
from 60.85B
Decreased by -13.03%
EPS This Year
4.51
from 2.06
Increased by 119.44%
EPS Next Year
3.64
from 4.51
Decreased by -19.33%
EPS and Forward PE are based on non-GAAP adjusted numbers. Financial currency is CAD.