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Cenovus Energy (CVE) Stock Forecast & Price Target

Cenovus Energy logo
C$23.91 -0.27 (-1.12%)
As of 10/24/2025 04:00 PM Eastern
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Cenovus Energy - Analysts' Recommendations and Stock Price Forecast (2025)

Consensus Rating

Buy
Based on 12 Analyst Ratings
Sell
0
Hold
1
Buy
11

Based on 12 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 12 analysts, 1 has given a hold rating, 9 have given a buy rating, and 2 have given a strong buy rating for CVE.

Consensus Price Target

C$28.09
17.49% Upside
According to the 12 analysts' twelve-month price targets for Cenovus Energy, the average price target is C$28.09. The highest price target for CVE is C$32.00, while the lowest price target for CVE is C$25.00. The average price target represents a forecasted upside of 17.49% from the current price of C$23.91.
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
10/25/24 to 10/25/25		1 Month Ago
9/25/24 to 9/25/25		3 Months Ago
7/27/24 to 7/27/25		1 Year Ago
10/26/23 to 10/25/24
Strong Buy
2 Strong Buy rating(s)
2 Strong Buy rating(s)
1 Strong Buy rating(s)
1 Strong Buy rating(s)
Buy
9 Buy rating(s)
9 Buy rating(s)
6 Buy rating(s)
8 Buy rating(s)
Hold
1 Hold rating(s)
1 Hold rating(s)
3 Hold rating(s)
0 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price TargetC$28.09C$27.90C$27.50C$32.30
Forecasted Upside17.49% Upside13.18% Upside38.54% Upside37.56% Upside
Consensus RatingBuyBuyModerate BuyBuy

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 Companies
Consensus Rating Score
3.08
2.39
Consensus RatingBuyHold
News Sentiment Rating
Neutral News

See Recent CVE News
Positive News
Export to Excel
DateBrokerageAnalystActionRatingPrice TargetReport Date
Upside/Downside		Details
10/22/2025National Bankshares
3 of 5 stars		 Lower TargetOutperformC$29.00 ➝ C$28.00+20.64%
10/14/2025Scotiabank
4 of 5 stars		 Boost TargetOutperformC$27.00 ➝ C$29.00+18.95%
10/9/2025Raymond James Financial
4 of 5 stars		 UpgradeOutperform ➝ Strong-BuyC$30.00 ➝ C$32.00+26.68%
9/11/2025JPMorgan Chase & Co.
Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		 Lower TargetOverweightC$32.00 ➝ C$29.00+23.88%
9/2/2025Jefferies Financial Group
Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		 Boost TargetBuyC$25.00 ➝ C$29.00+24.62%
8/25/2025Desjardins
Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		 Boost TargetC$27.50 ➝ C$29.00+26.25%
8/25/2025ATB Capital
Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		 Boost TargetOutperformC$25.00 ➝ C$28.00+21.90%
8/22/2025National Bank Financial
Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		 UpgradeHold ➝ Strong-Buy
8/1/2025Royal Bank Of Canada
Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		 Boost TargetOutperformC$25.00 ➝ C$26.00+26.46%
5/14/2025Veritas
Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating
D. Mccoubrey
Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating
DowngradeStrong-Buy ➝ Hold
5/9/2025TD Securities
Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		 Boost TargetBuyC$25.00 ➝ C$26.00+42.47%
4/10/2025CIBC
Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		 Lower TargetC$32.00 ➝ C$28.00+83.01%
12/13/2024BMO Capital Markets
Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		 Lower TargetC$28.00 ➝ C$25.00+15.31%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 09:44 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 Friday, October 24, 2025. 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 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 on Cenovus Energy Inc., 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

red Wall Street bear icon

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

According to the research reports of 12 Wall Street equities research analysts, the average twelve-month stock price forecast for Cenovus Energy is C$28.09, with a high forecast of C$32.00 and a low forecast of C$25.00.

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Cenovus Energy in the last year. There is currently 1 hold rating, 9 buy ratings and 2 strong buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" CVE shares.

According to analysts, Cenovus Energy's stock has a predicted upside of 17.49% based on their 12-month stock forecasts.

Over the previous 90 days, Cenovus Energy's stock had 3 upgrades by analysts.

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 (TSE:CVE) was last updated on 10/25/2025 by MarketBeat.com Staff
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