Cenovus Energy Inc. (TSX:CVE)
Canada · Delayed Price · Currency is CAD 38.97
-0.04 (-0.09%)
May 28, 2026, 12:40 PM EST
Cenovus Energy Stock Forecast
Stock Price Forecast
According to 17 analysts polled by S&P Global, Cenovus Energy stock has a consensus rating of "Strong Buy" and an average price target of $45.47. The average 1-year stock price forecast is 16.69% higher than the current stock price, while the lowest is $39.00 (+0.09%) and the highest is $57.00 (+46.29%).
Price Target: $45.47 (+16.69%)
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for Cenovus Energy stock is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Dec '25 | Jan '26 | Feb '26 | Mar '26 | Apr '26 | May '26 |
|---|---|---|---|---|---|---|
| Strong Buy | 10 | 11 | 10 | 11 | 11 | 10 |
| Buy | 6 | 5 | 6 | 5 | 5 | 6 |
| Hold | 0 | 1 | 1 | 1 | 1 | 1 |
| Sell | 1 | 1 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 1 | 0 | 0 | 0 |
| Total | 17 | 18 | 18 | 17 | 17 | 17 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Scotiabank | Scotiabank | Buy Maintains $44.00 → $47.00 | Buy | Maintains | $44.00 → $47.00 | +20.62% | May 20, 2026 |
| RBC Capital | RBC Capital | Buy Maintains $45.00 → $47.00 | Buy | Maintains | $45.00 → $47.00 | +20.62% | May 19, 2026 |
| Goldman Sachs | Goldman Sachs | Buy Reiterates $44.19 → $49.71 | Buy | Reiterates | $44.19 → $49.71 | +27.57% | May 13, 2026 |
| ATB Cormark Capital Markets | ATB Cormark Capital Markets | Buy Reiterates $42.50 | Buy | Reiterates | $42.50 | +9.07% | May 7, 2026 |
| TD Cowen | TD Cowen | Buy Maintains $45.00 | Buy | Maintains | $45.00 | +15.49% | May 7, 2026 |
Sources: Price targets and consensus ratings provided by S&P Global Market Intelligence. Historical ratings and analyst data provided by TipRanks. The data is sourced from Wall Street analysts. Data sources.