Cenovus Energy Inc. (TSX:CVE)
Canada · Delayed Price · Currency is CAD 45.02
-0.18 (-0.40%)
Oct 29, 2026, 4:00 PM EDT
Cenovus Energy Stock Forecast
Stock Price Forecast
According to 16 analysts polled by S&P Global, Cenovus Energy stock has a consensus rating of "Buy" and an average price target of $52.60. The average 1-year stock price forecast is 16.84% higher than the current stock price, while the lowest is $47.00 (+4.40%) and the highest is $58.00 (+28.83%).
Price Target: $52.60 (+16.84%)
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 | May '26 | Jun '26 | Jul '26 | Aug '26 | Sep '26 | Oct '26 |
|---|---|---|---|---|---|---|
| Strong Buy | 10 | 10 | 10 | 10 | 10 | 8 |
| Buy | 6 | 6 | 7 | 7 | 8 | 8 |
| Hold | 1 | 1 | 1 | 1 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 17 | 17 | 18 | 18 | 18 | 16 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| ATB Cormark Capital Markets | ATB Cormark Capital Markets | Buy Maintains $49.00 → $55.00 | Buy | Maintains | $49.00 → $55.00 | +22.17% | Oct 22, 2026 |
Unknown Analyst Desjardins No rating | Desjardins | Buy Maintains $52.00 → $53.00 | Buy | Maintains | $52.00 → $53.00 | +17.73% | Oct 20, 2026 |
Unknown Analyst National Bank No rating | National Bank | Buy Maintains $57.00 → $58.00 | Buy | Maintains | $57.00 → $58.00 | +28.83% | Oct 20, 2026 |
| Scotiabank | Scotiabank | Buy Maintains $51.00 → $56.00 | Buy | Maintains | $51.00 → $56.00 | +24.39% | Oct 19, 2026 |
| Jefferies | Jefferies | Buy Maintains $51.00 → $54.00 | Buy | Maintains | $51.00 → $54.00 | +19.95% | Oct 18, 2026 |
Financial Forecast
Revenue This Year
64.13B
from 49.70B
Increased by 29.04%
Revenue Next Year
58.73B
from 64.13B
Decreased by -8.42%
EPS This Year
5.53
from 2.06
Increased by 169.01%
EPS Next Year
4.85
from 5.53
Decreased by -12.38%
EPS and Forward PE are based on non-GAAP adjusted numbers. Financial currency is CAD.