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Cenovus Energy (CVE) Stock Forecast & Price Target

Cenovus Energy logo
$17.34 +0.25 (+1.47%)
Closing price 03:59 PM Eastern
Extended Trading
$17.54 +0.20 (+1.16%)
As of 07:55 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.
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Cenovus Energy - Analysts' Recommendations and Stock Price Forecast (2025)

Consensus Rating

Buy
Based on 11 Analyst Ratings
Sell
0
Hold
2
Buy
9

Based on 11 Wall Street analysts who have issued ratings for Cenovus Energy in the last 12 months, the stock has a consensus rating of "Buy." Out of the 11 analysts, 2 have given a hold rating, 7 have given a buy rating, and 2 have given a strong buy rating for CVE.

Consensus Price Target

$23.33
34.55% Upside
According to the 11 analysts' twelve-month price targets for Cenovus Energy, the average price target is $23.33. The highest price target for CVE is $28.00, while the lowest price target for CVE is $16.00. The average price target represents a forecasted upside of 34.55% from the current price of $17.34.
MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
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CVE Analyst Ratings Over Time

TypeCurrent Forecast
9/23/24 to 9/23/25		1 Month Ago
8/24/24 to 8/24/25		3 Months Ago
6/25/24 to 6/25/25		1 Year Ago
9/24/23 to 9/23/24
Strong Buy
2 Strong Buy rating(s)
2 Strong Buy rating(s)
1 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
7 Buy rating(s)
5 Buy rating(s)
4 Buy rating(s)
4 Buy rating(s)
Hold
2 Hold rating(s)
2 Hold rating(s)
4 Hold rating(s)
0 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$23.33$23.33$25.75$30.67
Forecasted Upside34.55% Upside42.32% Upside88.78% Upside78.24% Upside
Consensus RatingBuyBuyModerate BuyBuy

CVE Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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CVE Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Cenovus Energy Stock vs. The Competition

TypeCenovus EnergyEnergy CompaniesS&P 500
Consensus Rating Score
3.00
2.61
2.53
Consensus RatingBuyModerate BuyModerate Buy
Predicted Upside32.76% Upside39.05% Upside10.56% Upside
News Sentiment Rating
Positive News

See Recent CVE News
Positive News
Positive News
Export to Excel
DateBrokerageAnalystActionRatingPrice TargetReport Date
Upside/Downside		Details
9/10/2025National Bankshares
3 of 5 stars		 Reiterated RatingOutperform
9/2/2025Jefferies Financial Group
2 of 5 stars		 Reiterated RatingBuy
8/25/2025UBS Group
4 of 5 stars		 Reiterated RatingBuy
8/22/2025National Bank Financial
Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		 UpgradeHold ➝ Strong-Buy
8/1/2025Royal Bank Of Canada
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Greg Pardy
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Boost TargetOutperform$25.00 ➝ $26.00+74.83%
5/14/2025Veritas
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D. Mccoubrey
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DowngradeStrong-Buy ➝ Hold
4/30/2025The Goldman Sachs Group
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Neil Mehta
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Lower TargetBuy$18.00 ➝ $16.00+36.75%
4/15/2025Morgan Stanley
Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		 Reiterated RatingOverweight
3/19/2025Scotiabank
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K. Fisk
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UpgradeStrong-Buy
11/1/2024BMO Capital Markets
Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		 Lower TargetOutperform$31.00 ➝ $28.00+74.13%
10/1/2024TD Securities
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M. Hulshof
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DowngradeStrong-Buy ➝ Hold
5/28/2024Raymond James Financial
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J. Mccrea
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UpgradeModerate Buy

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 09:05 PM ET.


Should I Buy Cenovus Energy Stock? CVE Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Monday, September 22, 2025. Please send any questions or comments about these Cenovus Energy pros and cons to contact@marketbeat.com.

Cenovus Energy
Bull Case

green Wall Street bull icon

Here are some ways that investors could benefit from investing in Cenovus Energy Inc.:

  • The current stock price is around $17.73, reflecting a positive trend in recent trading sessions.
  • Cenovus Energy Inc. reported a quarterly earnings per share (EPS) of $0.33, surpassing analysts' expectations, indicating strong financial performance.
  • The company has a market capitalization of approximately $31.89 billion, suggesting a solid position in the oil and gas sector.
  • Recent upgrades from analysts, including a target price increase to C$29.00, indicate growing confidence in the company's future performance.
  • Cenovus Energy Inc. has a relatively low debt-to-equity ratio, which suggests a manageable level of debt compared to its equity, reducing financial risk.

Cenovus Energy
Bear Case

red Wall Street bear icon

Investors should be bearish about investing in Cenovus Energy Inc. for these reasons:

  • The company's quarterly revenue decreased by 12.6% year-over-year, which may raise concerns about its growth trajectory.
  • Despite recent positive earnings, the net margin of 5.18% indicates that profitability could be under pressure.
  • Analysts have mixed ratings, with some maintaining a "hold" rating, suggesting uncertainty about the stock's future performance.
  • The stock has experienced volatility, with a beta of 0.99, indicating that it may be subject to market fluctuations.
  • Recent trading volumes have been lower than average, which could signal reduced investor interest or liquidity issues.

CVE Forecast - Frequently Asked Questions

According to the research reports of 11 Wall Street equities research analysts, the average twelve-month stock price forecast for Cenovus Energy is $23.33, with a high forecast of $28.00 and a low forecast of $16.00.

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cenovus Energy in the last year. There are currently 2 hold ratings, 7 buy ratings and 2 strong buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" CVE shares.

According to analysts, Cenovus Energy's stock has a predicted upside of 34.55% based on their 12-month stock forecasts.

Over the previous 90 days, Cenovus Energy's stock had 2 upgrades by analysts.

Cenovus Energy has been rated by research analysts at Jefferies Financial Group, National Bank Financial, National Bankshares, Royal Bank Of Canada, and UBS Group in the past 90 days.

Analysts like Cenovus Energy more than other "energy" companies. The consensus rating for Cenovus Energy is Buy while the average consensus rating for "energy" companies is Moderate Buy. Learn more on how CVE compares to other companies.

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This page (NYSE:CVE) was last updated on 9/23/2025 by MarketBeat.com Staff
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