Cenovus Energy Inc. (TSX:CVE)
Canada · Delayed Price · Currency is CAD 42.27
-0.21 (-0.49%)
Jul 31, 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 $48.50. The average 1-year stock price forecast is 14.74% higher than the current stock price, while the lowest is $42.00 (-0.64%) and the highest is $60.00 (+41.94%).
Price Target: $48.50 (+14.74%)
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 | Feb '26 | Mar '26 | Apr '26 | May '26 | Jun '26 | Jul '26 |
|---|---|---|---|---|---|---|
| Strong Buy | 10 | 11 | 11 | 10 | 10 | 10 |
| Buy | 6 | 5 | 5 | 6 | 6 | 7 |
| Hold | 1 | 1 | 1 | 1 | 1 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 1 | 0 | 0 | 0 | 0 | 0 |
| Total | 18 | 17 | 17 | 17 | 17 | 18 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| BMO Capital | BMO Capital | Buy Maintains $42.00 → $50.00 | Buy | Maintains | $42.00 → $50.00 | +18.29% | Jul 31, 2026 |
| TD Cowen | TD Cowen | Buy Maintains $46.00 → $49.00 | Buy | Maintains | $46.00 → $49.00 | +15.92% | Jul 30, 2026 |
| Scotiabank | Scotiabank | Buy Maintains $49.00 → $51.00 | Buy | Maintains | $49.00 → $51.00 | +20.65% | Jul 30, 2026 |
| RBC Capital | RBC Capital | Buy Maintains $47.00 → $51.00 | Buy | Maintains | $47.00 → $51.00 | +20.65% | Jul 30, 2026 |
| Jefferies | Jefferies | Buy Maintains $49.00 | Buy | Maintains | $49.00 | +15.92% | Jul 29, 2026 |
Financial Forecast
Revenue This Year
59.80B
from 49.70B
Increased by 20.33%
Revenue Next Year
53.42B
from 59.80B
Decreased by -10.67%
EPS This Year
4.43
from 2.06
Increased by 115.60%
EPS Next Year
3.55
from 4.43
Decreased by -19.87%
EPS and Forward PE are based on non-GAAP adjusted numbers. Financial currency is CAD.