Cenovus Energy (CVE) Stock Forecast & Price Target

$29.76 +0.28 (+0.95%)

Closing price 06/4/2026 03:59 PM Eastern

Extended Trading

$29.82 +0.06 (+0.19%)

As of 07:38 AM 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
1

Buy
13

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, 1 has given a hold rating, 11 have given a buy rating, and 2 have given a strong buy rating for CVE.

Consensus Price Target

$35.25
18.45% 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 18.45% from the current price of $29.76.

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 6/5/25 to 6/5/26	1 Month Ago 5/6/25 to 5/6/26	3 Months Ago 3/7/25 to 3/7/26	1 Year Ago 6/5/24 to 6/5/25
Strong Buy	2 Strong Buy rating(s)	3 Strong Buy rating(s)	2 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	11 Buy rating(s)	9 Buy rating(s)	8 Buy rating(s)	4 Buy rating(s)
Hold	1 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 Upside	18.45% Upside	2.18% Upside	20.15% Upside	95.25% Upside
Consensus Rating	Buy	Buy	Moderate 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	3.07	2.40	2.52
Consensus Rating	Buy	Hold	Moderate Buy
Predicted Upside	18.45% Upside	34.13% Upside	14.84% 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
6/1/2026	Weiss Ratings Not Rated		Upgrade	Hold (C+) ➝ Buy (B-)
5/19/2026	Royal Bank Of Canada 3 of 5 stars	Greg Pardy 5 of 5 stars	Boost Target	Outperform	$45.00 ➝ $47.00	+50.19%
5/13/2026	Lake Street Capital 2 of 5 stars		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
5/7/2026	Scotiabank Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Outperform
5/6/2026	Raymond James Financial Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Strong-Buy ➝ Outperform
4/22/2026	Zacks Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Hold ➝ Strong-Buy
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 Friday at 07:54 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 Saturday, May 30, 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 company reported strong quarterly earnings, with earnings per share exceeding analysts' expectations, indicating robust financial performance.
Cenovus Energy Inc. has a solid return on equity, showcasing effective management and profitability, which can attract investors looking for reliable returns.
The current stock price is around $28.40, reflecting a significant increase from its twelve-month low, suggesting positive market sentiment.
Recent acquisitions, such as MEG Energy, are expected to generate substantial annual operating synergies, enhancing future profitability.
The company has a strong commitment to returning value to shareholders, having returned over CAD 3.8 billion through dividends and buybacks recently.

Cenovus Energy
Bear Case

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

The company’s revenue for the latest quarter fell short of analyst estimates, which may raise concerns about future growth potential.
Despite a strong performance, the stock has shown volatility, with a beta of 0.37, indicating it may not be as stable as some investors prefer.
The debt-to-equity ratio is relatively low, which could suggest limited leverage for growth opportunities compared to competitors.
Market conditions for oil and gas can be unpredictable, and fluctuations in commodity prices may impact future earnings.
While the company has plans for growth, the timeline for achieving production targets may be uncertain, which could affect investor confidence.

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 year. There is currently 1 hold rating, 11 buy ratings and 2 strong buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" CVE shares.

According to analysts, Cenovus Energy's stock has a predicted upside of 18.45% based on their 12-month stock forecasts.

Over the previous 90 days, Cenovus Energy's stock had 5 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.

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This page (NYSE:CVE) was last updated on 6/5/2026 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

Advanced Stock Screeners and Research Tools

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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