Cenovus Energy Inc. (CVE)
NYSE: CVE · Real-Time Price · USD
26.40
+0.42 (1.62%)
At close: Jul 10, 2026, 4:00 PM EDT
26.36
-0.04 (-0.15%)
After-hours: Jul 10, 2026, 7:58 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 $34.41. The average 1-year stock price forecast is 30.34% higher than the current stock price, while the lowest is $32.82 (+24.32%) and the highest is $36 (+36.36%).
Price Target: $34.41 (+30.34%)
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 |
|---|---|---|---|---|---|---|---|
| Desjardins | Desjardins | Buy Initiates $33 | Buy | Initiates | $33 | +25.25% | Jun 26, 2026 |
| Jefferies | Jefferies | Buy Maintains $34 | Buy | Maintains | $34 | +30.58% | Jun 14, 2026 |
| Goldman Sachs | Goldman Sachs | Buy Maintains $36 | Buy | Maintains | $36 | +36.36% | May 29, 2026 |
| Scotiabank | Scotiabank | Buy Maintains $31 → $33 | Buy | Maintains | $31 → $33 | +25.25% | May 20, 2026 |
| RBC Capital | RBC Capital | Buy Maintains $32 → $33 | Buy | Maintains | $32 → $33 | +25.25% | May 19, 2026 |
Financial Forecast
Revenue This Year
59.43B
from 49.70B
Increased by 19.59%
Revenue Next Year
53.56B
from 59.43B
Decreased by -9.87%
EPS This Year
4.08
from 2.06
Increased by 98.48%
EPS Next Year
3.33
from 4.08
Decreased by -18.37%
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 | 59.4B | ||
| Low | 51.0B |
Revenue Growth
| Revenue Growth | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | 32.5% | ||
| Avg | 19.6% | ||
| Low | 2.7% |
EPS Forecast
| EPS | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | 4.60 | ||
| Avg | 4.08 | ||
| Low | 3.47 |
EPS Growth
| EPS Growth | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | 123.7% | ||
| Avg | 98.5% | ||
| Low | 68.6% |