Cenovus Energy Inc. (CVE)

Cenovus Energy Stock Forecast

Stock Price Forecast

The 2 analysts that cover Cenovus Energy stock have a consensus rating of "Strong Buy" and an average price target of $26, which forecasts a 15.20% increase in the stock price over the next year. The lowest target is $20 and the highest is $32.

Price Target: $26 (+15.20%)

Analyst Consensus: Strong Buy

Target	Low	Average	Median	High
Price	$20	$26	$32	$32
Change	-11.39%	+15.20%	+41.78%	+41.78%

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	Sep '25	Oct '25	Nov '25	Dec '25	Jan '26	Feb '26
Strong Buy	1	1	1	1	1	1
Buy	2	2	1	1	1	1
Hold	0	0	0	0	0	0
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	3	3	2	2	2	2

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Greg Pardy RBC Capital	RBC Capital	Buy Maintains $31 → $32	Buy	Maintains	$31 → $32	+41.78%	Feb 20, 2026
Greg Pardy RBC Capital	RBC Capital	Buy Maintains $29 → $31	Buy	Maintains	$29 → $31	+37.35%	Feb 18, 2026
Neil Mehta Goldman Sachs	Goldman Sachs	Strong Buy Initiates $20	Strong Buy	Initiates	$20	-11.39%	Jan 2, 2026
Greg Pardy RBC Capital	RBC Capital	Buy Maintains $30 → $32	Buy	Maintains	$30 → $32	+41.78%	Nov 17, 2025
Greg Pardy RBC Capital	RBC Capital	Buy Maintains $25 → $26	Buy	Maintains	$25 → $26	+15.20%	Aug 1, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

47.75B

Decreased by -3.92%

from 49.70B

Revenue Next Year

50.27B

Increased by 5.29%

from 47.75B

EPS This Year

1.73

Decreased by -19.72%

from 2.15

EPS Next Year

2.02

Increased by 16.74%

from 1.73

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026	Dec 31, 2027
Revenue	46.36B	66.90B	52.20B	54.28B	49.70B	47.75B	50.27B
Revenue Growth	242.30%	44.31%	-21.96%	3.97%	-8.44%	-3.92%	5.29%
EPS	0.27	3.20	2.09	1.67	2.15	1.73	2.02
EPS Growth	-	1,085.19%	-34.58%	-20.29%	28.93%	-19.72%	16.74%
Forward PE	-	-	-	-	-	17.89	15.32
No. Analysts	-	-	-	-	-	12	10

Financial currency is CAD. Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2026	2027
High	60.0B	61.5B
Avg	47.7B	50.3B
Low	37.3B	39.7B

Revenue Growth

Revenue Growth	2026	2027
High	20.6%	28.8%
Avg	-3.9%	5.3%
Low	-24.9%	-16.8%

EPS Forecast

EPS	2026	2027	2028
High	2.29	2.38
Avg	1.73	2.02
Low	0.90	1.41

EPS Growth

EPS Growth	2026	2027	2028
High	6.4%	38.0%
Avg	-19.7%	16.7%
Low	-58.1%	-18.3%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.