Cenovus Energy Inc. (CVE)
NYSE: CVE · Real-Time Price · USD
25.16
-0.44 (-1.72%)
At close: Jun 18, 2026, 4:00 PM EDT
25.26
+0.10 (0.42%)
After-hours: Jun 18, 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 21.58% higher than the current stock price, while the lowest is $25.17 (+0.04%) and the highest is $36 (+43.08%).
Price Target: $30.59 (+21.58%)
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 | Jan '26 | Feb '26 | Mar '26 | Apr '26 | May '26 | Jun '26 |
|---|---|---|---|---|---|---|
| Strong Buy | 11 | 10 | 11 | 11 | 10 | 10 |
| Buy | 5 | 6 | 5 | 5 | 6 | 6 |
| Hold | 1 | 1 | 1 | 1 | 1 | 1 |
| Sell | 1 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 1 | 0 | 0 | 0 | 0 |
| Total | 18 | 18 | 17 | 17 | 17 | 17 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Goldman Sachs | Goldman Sachs | Buy Maintains $36 | Buy | Maintains | $36 | +43.08% | May 29, 2026 |
| Jefferies | Jefferies | Buy Maintains $30 → $35 | Buy | Maintains | $30 → $35 | +39.77% | May 27, 2026 |
| Scotiabank | Scotiabank | Buy Maintains $32 → $34 | Buy | Maintains | $32 → $34 | +34.07% | May 20, 2026 |
| RBC Capital | RBC Capital | Buy Maintains $32 → $34 | Buy | Maintains | $32 → $34 | +34.07% | May 19, 2026 |
| ATB Cormark Capital Markets | ATB Cormark Capital Markets | Buy Reiterates $31 | Buy | Reiterates | $31 | +21.23% | May 7, 2026 |
Financial Forecast
Revenue This Year
58.93B
from 49.70B
Increased by 18.59%
Revenue Next Year
53.36B
from 58.93B
Decreased by -9.45%
EPS This Year
4.15
from 2.06
Increased by 102.06%
EPS Next Year
3.49
from 4.15
Decreased by -15.92%
EPS and Forward PE are based on non-GAAP adjusted numbers. Financial currency is CAD.
Revenue Forecast
| Revenue | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | 65.9B | ||
| Avg | 58.9B | ||
| Low | 51.0B |
Revenue Growth
| Revenue Growth | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | 32.5% | ||
| Avg | 18.6% | ||
| Low | 2.7% |
EPS Forecast
| EPS | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | 4.60 | ||
| Avg | 4.15 | ||
| Low | 3.45 |
EPS Growth
| EPS Growth | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | 123.7% | ||
| Avg | 102.1% | ||
| Low | 67.8% |