Cenovus Energy Inc. (TSX:CVE)
Canada · Delayed Price · Currency is CAD 44.46
-0.40 (-0.89%)
Oct 6, 2026, 4:00 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 $51.13. The average 1-year stock price forecast is 15.00% higher than the current stock price, while the lowest is $47.00 (+5.71%) and the highest is $58.00 (+30.45%).
Price Target: $51.13 (+15.00%)
Analyst Consensus: Strong Buy
Price Target
ChartAnalyst 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 | May '26 | Jun '26 | Jul '26 | Aug '26 | Sep '26 | Oct '26 |
|---|---|---|---|---|---|---|
| Strong Buy | 10 | 10 | 10 | 10 | 10 | 9 |
| 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 | 17 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Raymond James | Raymond James | Buy Maintains $51.00 → $53.00 | Buy | Maintains | $51.00 → $53.00 | +19.21% | Oct 6, 2026 |
Unknown Analyst National Bank No rating | National Bank | Buy Maintains $60.00 → $57.00 | Buy | Maintains | $60.00 → $57.00 | +28.21% | Oct 6, 2026 |
| ATB Cormark Capital Markets | ATB Cormark Capital Markets | Buy Maintains $42.50 → $49.00 | Buy | Maintains | $42.50 → $49.00 | +10.21% | Oct 6, 2026 |
| BMO Capital | BMO Capital | Buy Reiterates $50.00 | Buy | Reiterates | $50.00 | +12.46% | Oct 6, 2026 |
| RBC Capital | RBC Capital | Buy Maintains $51.00 | Buy | Maintains | $51.00 | +14.71% | Oct 6, 2026 |
Financial Forecast
Revenue This Year
58.40B
from 49.70B
Increased by 17.51%
Revenue Next Year
50.63B
from 58.40B
Decreased by -13.30%
EPS This Year
4.68
from 2.06
Increased by 127.72%
EPS Next Year
3.85
from 4.68
Decreased by -17.81%
EPS and Forward PE are based on non-GAAP adjusted numbers. Financial currency is CAD.