Cenovus Energy Inc. (CVE)
NYSE: CVE · Real-Time Price · USD
33.13
-0.04 (-0.12%)
At close: Oct 21, 2026, 4:00 PM EDT
32.80
-0.33 (-1.00%)
After-hours: Oct 21, 2026, 4:10 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 $36.48. The average 1-year stock price forecast is 10.11% higher than the current stock price, while the lowest is $32.95 (-0.54%) and the highest is $40 (+20.74%).
Price Target: $36.48 (+10.11%)
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 |
|---|---|---|---|---|---|---|---|
| Jefferies | Jefferies | Buy Maintains $36 → $38 | Buy | Maintains | $36 → $38 | +15.41% | Oct 18, 2026 |
| BMO Capital | BMO Capital | Buy Maintains $35 | Buy | Maintains | $35 | +6.87% | Oct 16, 2026 |
| Raymond James | Raymond James | Buy Maintains $38 → $36 | Buy | Maintains | $38 → $36 | +9.00% | Oct 14, 2026 |
| RBC Capital | RBC Capital | Buy Maintains $36 → $38 | Buy | Maintains | $36 → $38 | +13.28% | Oct 14, 2026 |
| TD Cowen | TD Cowen | Buy Reiterates $35 → $35 | Buy | Reiterates | $35 → $35 | +6.87% | Oct 13, 2026 |
Financial Forecast
Revenue This Year
63.55B
from 49.70B
Increased by 27.88%
Revenue Next Year
57.46B
from 63.55B
Decreased by -9.58%
EPS This Year
5.23
from 2.06
Increased by 154.55%
EPS Next Year
4.35
from 5.23
Decreased by -16.85%
EPS and Forward PE are based on non-GAAP adjusted numbers. Financial currency is CAD.