Cenovus Energy (CVE) Stock Forecast & Price Target $17.26 -0.15 (-0.87%) Closing price 03:59 PM EasternExtended Trading$17.25 -0.01 (-0.05%) As of 07:48 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. Add Compare Share Share Analyst Forecasts Stock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrendsBuy This Stock Cenovus Energy - Analysts' Recommendations and Stock Price Forecast (2025) How MarketBeat Calculates Price Target and Consensus Rating Consensus Rating BuyBased on 13 Analyst RatingsSell0Hold2Buy11 Based on 13 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 13 analysts, 2 have given a hold rating, 8 have given a buy rating, and 3 have given a strong buy rating for CVE. Consensus Price Target $23.3335.20% Upside According to the 13 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 35.20% from the current price of $17.26. 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. Get the Latest News and Ratings for CVE and Related Stocks Enter your email address to receive the latest news and analysts' ratings for Cenovus Energy and its competitors. 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CVE Analyst Ratings Over TimeTypeCurrent Forecast10/14/24 to 10/14/251 Month Ago9/14/24 to 9/14/253 Months Ago7/16/24 to 7/16/251 Year Ago10/15/23 to 10/14/24Strong Buy3 Strong Buy rating(s)2 Strong Buy rating(s)1 Strong Buy rating(s)0 Strong Buy rating(s)Buy8 Buy rating(s)7 Buy rating(s)4 Buy rating(s)5 Buy rating(s)Hold2 Hold rating(s)2 Hold rating(s)4 Hold rating(s)1 Hold rating(s)Sell0 Sell rating(s)0 Sell rating(s)0 Sell rating(s)0 Sell rating(s)Consensus Price Target$23.33$23.33$23.00$30.75Forecasted Upside35.20% Upside38.15% Upside64.56% Upside74.82% UpsideConsensus RatingBuyBuyModerate BuyModerate Buy CVE Analyst Recommendations By MonthAnalyst Ratings Chart DescriptionThe 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.Skip Chart & View Analyst Rating History CVE Price Targets by MonthAverage Share Price and Price Target by Month Chart DescriptionThe 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.Skip Chart and View Analyst Price Target HistorySkip Chart & View Price History Table Cenovus Energy Stock vs. The CompetitionTypeCenovus EnergyEnergy CompaniesS&P 500Consensus Rating Score 3.08 2.40 2.52Consensus RatingBuyHoldModerate BuyPredicted Upside35.20% Upside41.39% Upside12.87% UpsideNews Sentiment RatingPositive NewsSee Recent CVE NewsPositive NewsPositive News Recent Analyst Forecasts and Stock Ratings All Ratings Strong Buy Buy Hold Sell Rating Show All Upside > 100% Upside 50% - 100% Upside 20% - 50% Upside 10% - 20% Upside 0% - 10% Downside 0% - 10% Downside 10% - 20% Downside 20% - 50% Downside 50% - 100% Downside > 100% Upside/Downside All Actions Upgrades Downgrades Initiates Coverage Raises Target Lowers Target Reiterates Rating Action Custom Range 1 Month 3 Months 6 Months Year-to-Date 1 Year 3 Years 5 Years Time Frame Start Date End Date Most Recent from Each Brokerage All Show Export to Excel DateBrokerageAnalystActionRatingPrice TargetReport Date Upside/DownsideDetails10/9/2025Raymond James Financial4 of 5 stars UpgradeOutperform ➝ Strong-Buy10/8/2025Weiss Ratings0 of 5 stars Reiterated RatingHold (C-)9/30/2025TD Securities4 of 5 stars Reiterated RatingBuy9/10/2025National BanksharesSubscribe to MarketBeat All Access for the firm's recommendation accuracy rating Reiterated RatingOutperform9/2/2025Jefferies Financial GroupSubscribe to MarketBeat All Access for the firm's recommendation accuracy rating Reiterated RatingBuy8/25/2025UBS GroupSubscribe to MarketBeat All Access for the firm's recommendation accuracy rating Reiterated RatingBuy8/22/2025National Bank FinancialSubscribe to MarketBeat All Access for the firm's recommendation accuracy rating UpgradeHold ➝ Strong-Buy8/1/2025Royal Bank Of CanadaSubscribe to MarketBeat All Access for the firm's recommendation accuracy ratingGreg PardySubscribe to MarketBeat All Access for the analyst's recommendation accuracy ratingBoost TargetOutperform$25.00 ➝ $26.00+74.83%5/14/2025VeritasSubscribe to MarketBeat All Access for the firm's recommendation accuracy ratingD. MccoubreySubscribe to MarketBeat All Access for the analyst's recommendation accuracy ratingDowngradeStrong-Buy ➝ Hold4/30/2025The Goldman Sachs GroupSubscribe to MarketBeat All Access for the firm's recommendation accuracy ratingNeil MehtaSubscribe to MarketBeat All Access for the analyst's recommendation accuracy ratingLower TargetBuy$18.00 ➝ $16.00+36.75% Get the Latest News and Ratings for CVE and Related StocksEnter your email address below to receive the latest news and analysts' ratings for Cenovus Energy and its competitors with MarketBeat's FREE daily newsletter. 4/15/2025Morgan StanleySubscribe to MarketBeat All Access for the firm's recommendation accuracy rating Reiterated RatingOverweight3/19/2025ScotiabankSubscribe to MarketBeat All Access for the firm's recommendation accuracy ratingK. FiskSubscribe to MarketBeat All Access for the analyst's recommendation accuracy ratingUpgradeStrong-Buy11/1/2024BMO Capital MarketsSubscribe to MarketBeat All Access for the firm's recommendation accuracy rating Lower TargetOutperform$31.00 ➝ $28.00+74.13%Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 11:29 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 Sunday, October 12, 2025. Please send any questions or comments about these Cenovus Energy pros and cons to contact@marketbeat.com. Cenovus Energy Bull Case Here are some ways that investors could benefit from investing in Cenovus Energy Inc.: The stock recently reached a new 52-week high, indicating strong market performance and investor confidence. Current stock price is around C$25.22, reflecting a positive trend following an upgrade from analysts. Multiple research firms have upgraded their ratings, with a consensus rating of "Buy" and an average price target of C$28.10, suggesting potential for further price appreciation. The company has announced a quarterly dividend of $0.20 per share, providing a yield of approximately 3.2%, which can be attractive for income-focused investors. Cenovus Energy Inc. has a solid market capitalization of C$45.57 billion, indicating a stable and established presence in the energy sector. Cenovus Energy Bear Case Investors should be bearish about investing in Cenovus Energy Inc. for these reasons: The stock has a relatively high debt-to-equity ratio of 33.59, which may indicate financial risk if the company faces downturns in the market. Despite recent upgrades, some analysts have set target prices below the current stock price, suggesting potential volatility and uncertainty in future performance. The company operates in a highly competitive and fluctuating energy market, which can impact profitability and stock performance. While the dividend payout ratio is currently at 51.39%, this could limit the company's ability to reinvest in growth opportunities. The beta of 0.66 indicates lower volatility compared to the market, but it also suggests that the stock may not perform as strongly during market upswings. CVE Forecast - Frequently Asked Questions What is Cenovus Energy's forecast for 2025? According to the research reports of 13 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. Should I buy or sell Cenovus Energy stock right now? 13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cenovus Energy in the last year. There are currently 2 hold ratings, 8 buy ratings and 3 strong buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" CVE shares. Does Cenovus Energy's stock price have much upside? According to analysts, Cenovus Energy's stock has a predicted upside of 35.20% based on their 12-month stock forecasts. Has Cenovus Energy been upgraded by Wall Street analysts recently? Over the previous 90 days, Cenovus Energy's stock had 3 upgrades by analysts. What analysts cover Cenovus Energy? Cenovus Energy has been rated by research analysts at Jefferies Financial Group, National Bank Financial, National Bankshares, Raymond James Financial, Royal Bank Of Canada, TD Securities, UBS Group, and Weiss Ratings in the past 90 days. Do Wall Street analysts like Cenovus Energy more than its competitors? 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 Hold. Learn more on how CVE compares to other companies. 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