Cenovus Energy Inc. (CVE)
NYSE: CVE · Real-Time Price · USD
23.20
-0.25 (-1.08%)
At close: Mar 13, 2026, 4:00 PM EDT
23.44
+0.24 (1.03%)
After-hours: Mar 13, 2026, 7:59 PM EDT
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 $30.5, which forecasts a 31.47% increase in the stock price over the next year. The lowest target is $29 and the highest is $32.
Price Target: $30.5 (+31.47%)
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 | Oct '25 | Nov '25 | Dec '25 | Jan '26 | Feb '26 | Mar '26 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Buy | 2 | 1 | 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 | 2 | 2 | 2 | 2 | 2 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Goldman Sachs | Goldman Sachs | Strong Buy Maintains $22 → $29 | Strong Buy | Maintains | $22 → $29 | +25.00% | Mar 12, 2026 |
| RBC Capital | RBC Capital | Buy Maintains $31 → $32 | Buy | Maintains | $31 → $32 | +37.93% | Feb 20, 2026 |
| RBC Capital | RBC Capital | Buy Maintains $29 → $31 | Buy | Maintains | $29 → $31 | +33.62% | Feb 18, 2026 |
| Goldman Sachs | Goldman Sachs | Strong Buy Initiates $20 | Strong Buy | Initiates | $20 | -13.79% | Jan 2, 2026 |
| RBC Capital | RBC Capital | Buy Maintains $30 → $32 | Buy | Maintains | $30 → $32 | +37.93% | Nov 17, 2025 |
Financial Forecast
Revenue This Year
42.33B
from 49.70B
Decreased by -14.81%
Revenue Next Year
44.74B
from 42.33B
Increased by 5.69%
EPS This Year
1.34
from 2.15
Decreased by -37.70%
EPS Next Year
1.80
from 1.34
Increased by 34.50%
Financial currency is CAD. Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.
Revenue Forecast
| Revenue | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | 49.9B | 55.6B | |
| Avg | 42.3B | 44.7B | |
| Low | 37.7B | 39.6B |
Revenue Growth
| Revenue Growth | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | 0.4% | 31.4% | |
| Avg | -14.8% | 5.7% | |
| Low | -24.0% | -6.4% |
EPS Forecast
| EPS | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | 1.94 | 2.49 | |
| Avg | 1.34 | 1.80 | |
| Low | 0.99 | 1.36 |
EPS Growth
| EPS Growth | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | -9.7% | 85.7% | |
| Avg | -37.7% | 34.5% | |
| Low | -54.0% | 1.6% |
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.