Cenovus Energy (CVE) Stock Forecast & Price Target

$24.64 -0.01 (-0.04%)

Closing price 07/2/2026 03:59 PM Eastern

Extended Trading

$24.67 +0.03 (+0.11%)

As of 07/2/2026 06:59 PM Eastern

Compare

Cenovus Energy - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Moderate Buy

Based on 14 Analyst Ratings

Sell
0

Hold
3

Buy
11

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 "Moderate Buy." Out of the 14 analysts, 3 have given a hold rating, 9 have given a buy rating, and 2 have given a strong buy rating for CVE.

Consensus Price Target

$35.25
43.06% 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 43.06% from the current price of $24.64.

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

Type	Current Forecast 7/5/25 to 7/5/26	1 Month Ago 6/5/25 to 6/5/26	3 Months Ago 4/6/25 to 4/6/26	1 Year Ago 7/5/24 to 7/5/25
Strong Buy	2 Strong Buy rating(s)	2 Strong Buy rating(s)	3 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	9 Buy rating(s)	11 Buy rating(s)	8 Buy rating(s)	4 Buy rating(s)
Hold	3 Hold rating(s)	1 Hold rating(s)	3 Hold rating(s)	3 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$35.25	$35.25	$29.67	$25.75
Forecasted Upside	43.06% Upside	24.79% Upside	10.37% Upside	82.11% Upside
Consensus Rating	Moderate Buy	Buy	Buy	Moderate 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.

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.

Cenovus Energy Stock vs. The Competition

Type	Cenovus Energy	Energy Companies	Broader Market
Consensus Rating Score	2.93	2.39	2.52
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	43.06% Upside	59.14% Upside	13.30% Upside
News Sentiment Rating	Positive News See Recent CVE News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export

Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
6/26/2026	Scotiabank 4 of 5 stars		Upgrade	Strong-Buy
6/18/2026	Weiss Ratings 5 of 5 stars		Downgrade	Buy (B-) ➝ Hold (C+)
6/16/2026	Zacks Research Not Rated		Downgrade	Strong-Buy ➝ Hold
5/19/2026	Royal Bank Of Canada Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Greg Pardy Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Outperform	$45.00 ➝ $47.00	+50.19%
5/13/2026	Lake Street Capital Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Set Target		$36.00	+20.02%
5/13/2026	The Goldman Sachs Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Buy
5/6/2026	Raymond James Financial Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Strong-Buy ➝ Outperform
4/9/2026	UBS Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Buy
3/10/2026	Veritas Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Strong Sell ➝ Strong-Buy
2/20/2026	TD Securities Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Buy
Get the Latest News and Ratings for CVE and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Cenovus Energy and its competitors with MarketBeat's FREE daily newsletter.
2/20/2026	BMO Capital Markets Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Outperform
1/20/2026	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 Rating	Overweight ➝ Neutral
11/20/2025	Morgan Stanley Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Overweight
9/10/2025	National Bank Financial Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Outperform
9/2/2025	Jefferies Financial Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Buy

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 04:08 AM 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 Wednesday, July 1, 2026. 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 current stock price is around $32, which is significantly higher than its one-year low of $12.88, indicating strong growth potential.
Cenovus Energy Inc. recently increased its quarterly dividend to $0.22 per share, reflecting a commitment to returning value to shareholders. This translates to an annualized yield of approximately 3.5%.
The company reported a quarterly revenue increase of 1.0% year-over-year, showcasing its ability to maintain stable financial performance in a competitive market.
Analysts have a consensus rating of "Buy" for Cenovus Energy Inc., with a target price averaging around $35.25, suggesting potential for further price appreciation.
With a return on equity of 15.29%, Cenovus Energy Inc. demonstrates effective management and profitability, which can be attractive to investors looking for solid financial health.

Cenovus Energy
Bear Case

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

The company's net margin of 9.53% indicates that while it is profitable, there may be concerns about cost management and overall profitability compared to industry peers.
Despite recent growth, the stock has experienced volatility, with a one-year high of $32.07, suggesting potential risks associated with market fluctuations.
The dividend payout ratio is currently at 35.16%, which, while sustainable, may limit the company's ability to reinvest in growth opportunities.
Analysts have mixed opinions, with one rating as "Hold," indicating that not all experts are confident in the stock's future performance.
As an integrated energy company, Cenovus Energy Inc. is subject to fluctuations in oil and gas prices, which can impact its revenue and profitability significantly.

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 analysts have issued "buy," "hold," and "sell" ratings for Cenovus Energy in the last twelve months. There are currently 3 hold ratings, 9 buy ratings and 2 strong buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" CVE shares.

According to analysts, Cenovus Energy's stock has a predicted upside of 43.06% based on their 12-month stock forecasts.

Over the previous 90 days, Cenovus Energy's stock had 4 upgrades and 3 downgrades 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, 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 Moderate 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 7/5/2026 by MarketBeat.com Staff.

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Cenovus Energy (CVE) Stock Forecast & Price Target

Cenovus Energy - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Consensus Price Target

CVE Analyst Ratings Over Time

CVE Analyst Recommendations By Month

CVE Price Targets by Month

Cenovus Energy Stock vs. The Competition

Recent Analyst Forecasts and Stock Ratings

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

Cenovus Energy
Bull Case

Cenovus Energy
Bear Case

CVE Forecast - Frequently Asked Questions

Stock Forecasts and Research Tools

Today's Analyst Ratings

Top-Rated Stocks

More Ratings Tools

Brokerages With Cenovus Energy Recommendations

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

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Cenovus Energy (CVE) Stock Forecast & Price Target

Cenovus Energy - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Consensus Price Target

CVE Analyst Ratings Over Time

CVE Analyst Recommendations By Month

CVE Price Targets by Month

Cenovus Energy Stock vs. The Competition

Recent Analyst Forecasts and Stock Ratings

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

Cenovus Energy Bull Case

Cenovus Energy Bear Case

CVE Forecast - Frequently Asked Questions

What is Cenovus Energy's forecast for 2026?

Should I buy or sell Cenovus Energy stock right now?

Does Cenovus Energy's stock price have much upside?

Has Cenovus Energy been upgraded or downgraded by Wall Street analysts recently?

What analysts cover Cenovus Energy?

Do Wall Street analysts like Cenovus Energy more than its competitors?

Stock Forecasts and Research Tools

Today's Analyst Ratings

Top-Rated Stocks

More Ratings Tools

Brokerages With Cenovus Energy Recommendations

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

Cenovus Energy
Bull Case

Cenovus Energy
Bear Case