Free Trial
Final Hours! Save $100 on MarketBeat All Access Before 11:59 PM
  • 0Days
  • 0Hours
  • 0Minutes
  • 0Seconds
Lock In $149 Tonight
Claim MarketBeat All Access Sale Promotion

Cenovus Energy (CVE) Stock Forecast & Price Target

Cenovus Energy logo
$30.04 -0.01 (-0.05%)
Closing price 05/22/2026 03:59 PM Eastern
Extended Trading
$30.28 +0.24 (+0.80%)
As of 05/22/2026 08:00 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 Massive. Learn more.
Compare

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, 10 have given a buy rating, and 2 have given a strong buy rating for CVE.

Consensus Price Target

$35.25
17.36% Upside
According to the 14 analysts' twelve-month price targets for Cenovus Energy, the average price target is $35.25. The highest price target for CVE is $47.00, while the lowest price target for CVE is $29.00. The average price target represents a forecasted upside of 17.36% from the current price of $30.04.
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.

Sign Up
SMS is currently available in Australia, Belgium, Canada, France, Germany, Ireland, Italy, New Zealand, the Netherlands, Singapore, South Africa, Spain, Switzerland, the United Kingdom, and the United States. By entering your phone number and clicking the sign-up button, you agree to receive periodic text messages from MarketBeat at the phone number you submitted, including texts that may be sent using an automatic telephone dialing system. Message and data rates may apply. Message frequency will vary. Messages will consist of stock alerts, news stories, and partner advertisements/offers. Consent is not a condition of the purchase of any goods or services. Text HELP for help/customer support. Unsubscribe at any time by replying "STOP" to any text message that you receive from MarketBeat or by visiting our mailing preferences page. Read our full terms of service and privacy policy.

CVE Analyst Ratings Over Time

TypeCurrent Forecast
5/25/25 to 5/25/26		1 Month Ago
4/25/25 to 4/25/26		3 Months Ago
2/24/25 to 2/24/26		1 Year Ago
5/25/24 to 5/25/25
Strong Buy
2 Strong Buy rating(s)
4 Strong Buy rating(s)
2 Strong Buy rating(s)
1 Strong Buy rating(s)
Buy
10 Buy rating(s)
8 Buy rating(s)
8 Buy rating(s)
4 Buy rating(s)
Hold
2 Hold rating(s)
2 Hold rating(s)
2 Hold rating(s)
3 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
2 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$35.25$29.67$27.33$25.75
Forecasted Upside17.36% Upside12.75% Upside22.30% Upside88.78% 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.
Skip Chart & View Analyst Rating History

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 CompaniesBroader Market
Consensus Rating Score
3.00
2.40
2.52
Consensus RatingBuyHoldModerate Buy
Predicted Upside17.36% Upside31.93% Upside15.09% Upside
News Sentiment Rating
Positive News

See Recent CVE News
Positive News
Positive News
Export
DateBrokerageAnalystActionRatingPrice TargetReport Date
Upside/Downside		Details
5/19/2026
Royal Bank Of Canada logo
Royal Bank Of Canada
3 of 5 stars
Greg Pardy
5 of 5 stars
Boost TargetOutperform$45.00 ➝ $47.00+50.19%
5/13/2026
Lake Street Capital logo
Lake Street Capital
2 of 5 stars
 Set Target$36.00+20.02%
5/13/2026
The Goldman Sachs Group, Inc. logo
The Goldman Sachs Group
3 of 5 stars
 Reiterated RatingBuy
5/8/2026
Weiss Ratings logo
Weiss Ratings
Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating
 UpgradeHold (C) ➝ Hold (C+)
5/7/2026
Scotiabank logo
Scotiabank
Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating
 Reiterated RatingOutperform
5/6/2026
Raymond James Financial, Inc. logo
Raymond James Financial
Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating
 DowngradeStrong-Buy ➝ Outperform
4/22/2026
Zacks Research logo
Zacks Research
Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating
 UpgradeHold ➝ Strong-Buy
4/9/2026
UBS Group AG logo
UBS Group
Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating
 Reiterated RatingBuy
3/10/2026
Veritas Corp logo
Veritas
Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating
 UpgradeStrong Sell ➝ Strong-Buy
2/20/2026
TD Securities logo
TD Securities
Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating
 Reiterated RatingBuy
2/20/2026
BMO Capital Markets logo
BMO Capital Markets
Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating
 Reiterated RatingOutperform
1/20/2026
JPMorgan Chase & Co. logo
JPMorgan Chase & Co.
Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating
Arun Jayaram
Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating
Reiterated RatingOverweight ➝ Neutral
11/20/2025
Morgan Stanley logo
Morgan Stanley
Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating
 Reiterated RatingOverweight
9/10/2025
National Bank Financial logo
National Bank Financial
Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating
 Reiterated RatingOutperform
9/2/2025
Jefferies Financial Group Inc. logo
Jefferies Financial Group
Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating
 Reiterated RatingBuy

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 10:05 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 Thursday, May 21, 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, which reflects a significant increase from its twelve-month low, indicating positive market sentiment.
  • Cenovus Energy Inc. has recently reported earnings per share of $0.36, surpassing analysts' expectations, which suggests strong operational performance.
  • The company has a solid dividend yield of approximately 3.1%, providing investors with a steady income stream, which is attractive in the energy sector.
  • Analysts have a consensus rating of "Buy" for Cenovus Energy Inc., with a target price of $29.67, indicating potential for price appreciation.
  • The company maintains a manageable debt-to-equity ratio of 0.35, suggesting financial stability and lower risk for investors.

Cenovus Energy
Bear Case

red Wall Street bear icon

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

  • The revenue for the latest quarter was $9.44 billion, falling short of the $10.89 billion expected, which may raise concerns about future growth.
  • Despite a positive earnings report, the net margin of 7.92% indicates that profit generation may be under pressure, which could affect long-term profitability.
  • With a beta of 0.34, the stock is less volatile than the market, which may limit potential gains during bullish market conditions.
  • Three analysts have assigned a Hold rating, suggesting that some market participants may not see immediate upside potential.
  • The company operates in a highly competitive and fluctuating energy market, which can pose risks to its operational performance and stock price stability.

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 $35.25, with a high forecast of $47.00 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, 10 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 17.36% based on their 12-month stock forecasts.

Over the previous 90 days, Cenovus Energy's stock had 4 upgrades and 1 downgrade by analysts.

Cenovus Energy has been rated by research analysts at Lake Street Capital, Raymond James Financial, Royal Bank Of Canada, Scotiabank, 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.

Related Companies

Today's Analyst Ratings

Top-Rated Stocks

More Ratings Tools

Brokerages With Cenovus Energy Recommendations


This page (NYSE:CVE) was last updated on 5/25/2026 by MarketBeat.com Staff.
From Our Partners
SpaceX eyes a 1.75 trillion valuation - here's what to know
Elon Musk's team has quietly filed confidential paperwork with the SEC for what Bloomberg estimates could be a...
Brownstone Research | Sponsoredtc pixel
$30 stock to buy before Starlink goes public (WATCH NOW!)
In the next 3 minutes… James Altucher – legendary investor and venture capitalist… And someone who’s kno...
Paradigm Press | Sponsoredtc pixel
Your book attached
Bill Poulos is giving away his 'Safe Trade Options Formula' book for free - but only for a limited time throug...
Profits Run | Sponsoredtc pixel
My feud with Zohran Mamdani
Emmy-winning analyst releases his next big story Whitney Tilson shocked the nation on 60 Minutes when he ac...
Stansberry Research | Sponsoredtc pixel
SpaceX IPO hides a much bigger story
The SpaceX IPO could be the biggest in history at $1.75 trillion - but the real story isn't the IPO itself. ...
Weiss Ratings | Sponsoredtc pixel
SpaceX will mint billionaires. You won't be one of them.
By the time a company goes public, 95% of profits have already been made. Insiders bought SpaceX at $20 billio...
Behind the Markets | Sponsoredtc pixel
Satellite Images Spot Potential $10 Trillion Discovery
'Dark Energy': Elon Musk's Next Potential $10 Trillion Move A highly secure site in West Texas now houses a...
Altimetry | Sponsoredtc pixel
Hey, it's Jon Najarian. The SpaceX IPO is right around the corner. But I discovered Elon may have something BIGGER planned. Check this out before June 9th...
After being invited to the SpaceX launch headquarters in Cape Canaveral from one of Elon's top lobbyists… Hall...
Banyan Hill Publishing | Sponsoredtc pixel