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Cenovus Energy (CVE) Stock Forecast & Price Target

Cenovus Energy logo
$30.48 +0.50 (+1.65%)
Closing price 03:59 PM Eastern
Extended Trading
$30.49 +0.01 (+0.05%)
As of 04:25 PM Eastern
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Cenovus Energy - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Buy
Based on 14 Analyst Ratings
Sell
0
Hold
2
Buy
12

Based on 14 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 14 analysts, 2 have given a hold rating, 8 have given a buy rating, and 4 have given a strong buy rating for CVE.

Consensus Price Target

$29.67
-2.65% Downside
According to the 14 analysts' twelve-month price targets for Cenovus Energy, the average price target is $29.67. The highest price target for CVE is $31.00, while the lowest price target for CVE is $29.00. The average price target represents a forecasted downside of -2.65% from the current price of $30.48.
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
5/5/25 to 5/5/26		1 Month Ago
4/5/25 to 4/5/26		3 Months Ago
2/4/25 to 2/4/26		1 Year Ago
5/5/24 to 5/5/25
Strong Buy
4 Strong Buy rating(s)
3 Strong Buy rating(s)
1 Strong Buy rating(s)
1 Strong Buy rating(s)
Buy
8 Buy rating(s)
8 Buy rating(s)
7 Buy rating(s)
4 Buy rating(s)
Hold
2 Hold rating(s)
3 Hold rating(s)
5 Hold rating(s)
2 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$29.67$29.67$27.67$25.75
Forecasted Upside-2.65% Downside11.97% Upside36.63% Upside121.03% Upside
Consensus RatingBuyBuyModerate BuyModerate Buy

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.
Skip Chart and View Analyst Price Target HistorySkip Chart & View Price History Table

Cenovus Energy Stock vs. The Competition

TypeCenovus EnergyEnergy CompaniesS&P 500
Consensus Rating Score
3.14
2.40
2.52
Consensus RatingBuyHoldModerate Buy
Predicted Upside-0.96% Downside31.39% Upside15.38% Upside
News Sentiment Rating
Positive News

See Recent CVE News
Positive News
Positive News
Export
DateBrokerageAnalystActionRatingPrice TargetReport Date
Upside/Downside		Details
4/24/2026
Weiss Ratings logo
Weiss Ratings
Not Rated
 Reiterated RatingHold (C)
4/22/2026
Zacks Research logo
Zacks Research
Not Rated
 UpgradeHold ➝ Strong-Buy
4/9/2026
UBS Group AG logo
UBS Group
4 of 5 stars
 Reiterated RatingBuy
3/12/2026
The Goldman Sachs Group, Inc. logo
The Goldman Sachs Group
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Neil Mehta
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Boost TargetBuy$22.00 ➝ $29.00+21.87%
3/10/2026
Veritas Corp logo
Veritas
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 UpgradeStrong Sell ➝ Strong-Buy
2/20/2026
TD Securities logo
TD Securities
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 Reiterated RatingBuy
2/20/2026
BMO Capital Markets logo
BMO Capital Markets
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 Reiterated RatingOutperform
2/20/2026
Scotiabank logo
Scotiabank
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 UpgradeHold ➝ Strong-Buy
2/18/2026
Royal Bank Of Canada logo
Royal Bank Of Canada
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Greg Pardy
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Boost TargetOutperform$29.00 ➝ $31.00+43.58%
1/20/2026
JPMorgan Chase & Co. logo
JPMorgan Chase & Co.
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Arun Jayaram
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Reiterated RatingOverweight ➝ Neutral
11/20/2025
Morgan Stanley logo
Morgan Stanley
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 Reiterated RatingOverweight
10/9/2025
Raymond James Financial, Inc. logo
Raymond James Financial
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 UpgradeOutperform ➝ Strong-Buy
9/10/2025
National Bank Financial logo
National Bank Financial
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 Reiterated RatingOutperform
9/2/2025
Jefferies Financial Group Inc. logo
Jefferies Financial Group
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 Reiterated RatingBuy

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 04:27 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, May 3, 2026. 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 $25.97, reflecting a strong market presence and potential for growth.
  • Cenovus Energy Inc. has a solid current ratio of 1.57, indicating good short-term financial health and the ability to cover its liabilities.
  • The company recently reported earnings per share (EPS) of $0.36, surpassing analyst expectations, which demonstrates strong operational performance.
  • With a dividend yield of 3.1% and a payout ratio of 38.56%, investors can expect a reliable income stream from dividends.
  • Analysts have a consensus rating of "Buy" for Cenovus Energy Inc., suggesting positive sentiment and potential for stock appreciation.

Cenovus Energy
Bear Case

red Wall Street bear icon

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

  • The company reported revenue of $9.44 billion, which fell short of analyst estimates, indicating potential challenges in meeting market expectations.
  • Despite a positive EPS, the net margin of 7.92% suggests that profit generation may be under pressure, which could affect future earnings.
  • The stock has a beta of 0.34, indicating lower volatility compared to the market, which may limit potential high returns for aggressive investors.
  • With a debt-to-equity ratio of 0.35, while relatively low, any increase in debt could raise concerns about financial leverage and risk.
  • Market fluctuations in the energy sector can significantly impact Cenovus Energy Inc.'s performance, making it susceptible to external economic factors.

CVE Forecast - Frequently Asked Questions

According to the research reports of 14 Wall Street equities research analysts, the average twelve-month stock price forecast for Cenovus Energy is $29.67, with a high forecast of $31.00 and a low forecast of $29.00.

14 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, 8 buy ratings and 4 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 downside of -2.65% based on their 12-month stock forecasts.

Over the previous 90 days, Cenovus Energy's stock had 4 upgrades and 2 downgrades by analysts.

Cenovus Energy has been rated by research analysts at BMO Capital Markets, Royal Bank Of Canada, Scotiabank, TD Securities, The Goldman Sachs Group, UBS Group, Veritas, Weiss Ratings, and Zacks Research 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 Hold. Learn more on how CVE compares to other companies.

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This page (NYSE:CVE) was last updated on 5/5/2026 by MarketBeat.com Staff.
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