Cenovus Energy Inc. (CVE)
NYSE: CVE · Real-Time Price · USD
31.62
+0.54 (1.74%)
Oct 1, 2026, 3:07 PM EDT - Market open
Cenovus Energy Stock Forecast
Stock Price Forecast
According to 18 analysts polled by S&P Global, Cenovus Energy stock has a consensus rating of "Strong Buy" and an average price target of $37.01. The average 1-year stock price forecast is 17.05% higher than the current stock price, while the lowest is $34.02 (+7.59%) and the highest is $40 (+26.50%).
Price Target: $37.01 (+17.05%)
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 | Apr '26 | May '26 | Jun '26 | Jul '26 | Aug '26 | Sep '26 |
|---|---|---|---|---|---|---|
| Strong Buy | 11 | 10 | 10 | 10 | 10 | 10 |
| Buy | 5 | 6 | 6 | 7 | 7 | 8 |
| Hold | 1 | 1 | 1 | 1 | 1 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 17 | 17 | 17 | 18 | 18 | 18 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Raymond James | Raymond James | Buy Maintains $32 → $36 | Buy | Maintains | $32 → $36 | +13.61% | Sep 16, 2026 |
| J.P. Morgan | J.P. Morgan | Buy Upgrades $36 → $41 | Buy | Upgrades | $36 → $41 | +29.20% | Sep 8, 2026 |
| UBS | UBS | Hold Downgrades n/a | Hold | Downgrades | n/a | n/a | Sep 3, 2026 |
| CIBC | CIBC | Buy Maintains $34 → $37 | Buy | Maintains | $34 → $37 | +15.84% | Aug 27, 2026 |
Unknown Analyst National Bank No rating | National Bank | Buy Maintains $42 | Buy | Maintains | $42 | +33.66% | Aug 25, 2026 |
Financial Forecast
Revenue This Year
60.50B
from 49.70B
Increased by 21.74%
Revenue Next Year
53.42B
from 60.50B
Decreased by -11.71%
EPS This Year
4.48
from 2.06
Increased by 117.82%
EPS Next Year
3.66
from 4.48
Decreased by -18.26%
EPS and Forward PE are based on non-GAAP adjusted numbers. Financial currency is CAD.