Cenovus Energy Inc. (CVE)
NYSE: CVE · Real-Time Price · USD
30.53
-1.27 (-3.99%)
At close: May 20, 2026, 4:00 PM EDT
30.96
+0.43 (1.41%)
After-hours: May 20, 2026, 7:59 PM EDT
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 $30.59. The average 1-year stock price forecast is 0.20% higher than the current stock price, while the lowest is $25.17 (-17.56%) and the highest is $36 (+17.92%).
Price Target: $30.59 (+0.20%)
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 | Dec '25 | Jan '26 | Feb '26 | Mar '26 | Apr '26 | May '26 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Buy | 1 | 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 | 2 | 2 | 2 | 2 | 2 | 2 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| RBC Capital | RBC Capital | Buy Maintains $45 → $47 | Buy | Maintains | $45 → $47 | +53.95% | May 19, 2026 |
| RBC Capital | RBC Capital | Buy Maintains $42 → $45 | Buy | Maintains | $42 → $45 | +47.40% | May 7, 2026 |
| Goldman Sachs | Goldman Sachs | Strong Buy Maintains $22 → $29 | Strong Buy | Maintains | $22 → $29 | -5.01% | Mar 12, 2026 |
| RBC Capital | RBC Capital | Buy Maintains $31 → $32 | Buy | Maintains | $31 → $32 | +4.81% | Feb 20, 2026 |
| RBC Capital | RBC Capital | Buy Maintains $29 → $31 | Buy | Maintains | $29 → $31 | +1.54% | Feb 18, 2026 |
Financial Forecast
Revenue This Year
47.30B
from 49.70B
Decreased by -4.83%
Revenue Next Year
48.65B
from 47.30B
Increased by 2.86%
EPS This Year
4.19
from 2.15
Increased by 94.94%
EPS Next Year
3.50
from 4.19
Decreased by -16.61%
Financial currency is CAD. Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.
Revenue Forecast
| Revenue | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | 63.6B | 62.8B | |
| Avg | 47.3B | 48.6B | |
| Low | 37.7B | 40.2B |
Revenue Growth
| Revenue Growth | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | 28.0% | 32.7% | |
| Avg | -4.8% | 2.9% | |
| Low | -24.0% | -15.1% |
EPS Forecast
| EPS | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | 4.86 | 4.54 | |
| Avg | 4.19 | 3.50 | |
| Low | 3.38 | 2.47 |
EPS Growth
| EPS Growth | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | 126.0% | 8.2% | |
| Avg | 94.9% | -16.6% | |
| Low | 57.2% | -41.1% |
Sources: Price targets and consensus ratings provided by S&P Global Market Intelligence. Historical ratings and analyst data provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data sources.