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Cenovus Energy (CVE) Stock Forecast & Price Target

Cenovus Energy logo
C$23.67 +0.33 (+1.41%)
As of 10/3/2025 04:17 PM Eastern

Cenovus Energy - Analysts' Recommendations and Stock Price Forecast (2025)

Consensus Rating

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$27.90
17.87% Upside
According to the 12 analysts' twelve-month price targets for Cenovus Energy, the average price target is C$27.90. The highest price target for CVE is C$30.00, while the lowest price target for CVE is C$25.00. The average price target represents a forecasted upside of 17.87% from the current price of C$23.67.
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
10/4/24 to 10/4/25
1 Month Ago
9/4/24 to 9/4/25
3 Months Ago
7/6/24 to 7/6/25
1 Year Ago
10/5/23 to 10/4/24
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$27.90C$28.10C$28.15C$32.77
Forecasted Upside17.87% Upside23.25% Upside46.92% Upside32.13% 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.
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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.
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Cenovus Energy Stock vs. The Competition

TypeCenovus EnergyEnergy Companies
Consensus Rating Score
3.08
2.41
Consensus RatingBuyHold
News Sentiment Rating
Positive News

See Recent CVE News
Positive News
DateBrokerageAnalystActionRatingPrice TargetReport Date
Upside/Downside
Details
9/11/2025JPMorgan Chase & Co.
2 of 5 stars
 Lower TargetOverweightC$32.00 ➝ C$29.00+23.88%
9/10/2025National Bankshares
3 of 5 stars
 Boost TargetOutperformC$28.00 ➝ C$29.00+23.61%
9/2/2025Jefferies Financial Group
2 of 5 stars
 Boost TargetBuyC$25.00 ➝ C$29.00+24.62%
8/25/2025Desjardins
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 Boost TargetC$27.50 ➝ C$29.00+26.25%
8/25/2025ATB Capital
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 Boost TargetOutperformC$25.00 ➝ C$28.00+21.90%
8/22/2025National Bank Financial
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 UpgradeHoldStrong-Buy
8/1/2025Royal Bank Of Canada
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 Boost TargetOutperformC$25.00 ➝ C$26.00+26.46%
8/1/2025Raymond James Financial
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 Boost TargetOutperformC$29.00 ➝ C$30.00+45.91%
5/14/2025Veritas
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DowngradeStrong-BuyHold
5/9/2025TD Securities
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 Boost TargetBuyC$25.00 ➝ C$26.00+42.47%
4/10/2025CIBC
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 Lower TargetC$32.00 ➝ C$28.00+83.01%
3/19/2025Scotiabank
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UpgradeStrong-Buy
12/13/2024BMO Capital Markets
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 Lower TargetC$28.00 ➝ C$25.00+15.31%
10/11/2023UBS Group
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 Boost TargetC$30.00 ➝ C$31.00+11.31%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 06:34 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 Tuesday, September 30, 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 current stock price is around C$25.09, reflecting a recent increase and indicating positive market sentiment.
  • Analysts have recently upgraded their target prices for Cenovus Energy Inc., with several firms projecting prices above C$29.00, suggesting strong growth potential.
  • The company has a solid dividend yield of approximately 3.2%, providing investors with a steady income stream alongside potential capital appreciation.
  • Cenovus Energy Inc. has demonstrated resilience with a low debt-to-equity ratio, indicating a strong balance sheet and reduced financial risk.
  • Recent trading activity shows that the stock has crossed above its 200-day moving average, a technical indicator often viewed as a bullish sign by investors.

Cenovus Energy
Bear Case

red Wall Street bear icon

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

  • Despite recent upgrades, some analysts have lowered their price targets, indicating potential volatility and uncertainty in future performance.
  • The company operates in the oil and gas sector, which can be highly sensitive to fluctuations in commodity prices, posing risks to profitability.
  • Cenovus Energy Inc. has a relatively high price-to-earnings (P/E) ratio compared to industry averages, which may suggest that the stock is overvalued.
  • Market conditions can change rapidly, and the company's performance may be impacted by regulatory changes or shifts in energy policy.
  • While the dividend payout ratio is manageable, any future cuts to dividends could negatively affect investor sentiment and stock price.

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$27.90, with a high forecast of C$30.00 and a low forecast of C$25.00.

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cenovus Energy in the last twelve months. There is currently 1 hold rating, 9 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 17.87% based on their 12-month stock forecasts.

Over the previous 90 days, Cenovus Energy's stock had 2 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.


This page (TSE:CVE) was last updated on 10/4/2025 by MarketBeat.com Staff
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