Cenovus Energy (CVE) Stock Forecast & Price Target

C$39.38 -0.23 (-0.58%)

As of 08/7/2026 04:00 PM Eastern

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

Consensus Rating

Buy

Based on 15 Analyst Ratings

Sell
0

Hold
1

Buy
14

Based on 15 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 15 analysts, 1 has given a hold rating, 12 have given a buy rating, and 2 have given a strong buy rating for CVE.

Consensus Price Target

C$43.73
11.05% Upside

According to the 15 analysts' twelve-month price targets for Cenovus Energy, the average price target is C$43.73. The highest price target for CVE is C$57.00, while the lowest price target for CVE is C$29.00. The average price target represents a forecasted upside of 11.05% from the current price of C$39.38.

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 8/9/25 to 8/9/26	1 Month Ago 7/10/25 to 7/10/26	3 Months Ago 5/11/25 to 5/11/26	1 Year Ago 8/9/24 to 8/9/25
Strong Buy	2 Strong Buy rating(s)	3 Strong Buy rating(s)	2 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	12 Buy rating(s)	11 Buy rating(s)	11 Buy rating(s)	7 Buy rating(s)
Hold	1 Hold rating(s)	1 Hold rating(s)	2 Hold rating(s)	2 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	C$43.73	C$40.47	C$39.64	C$27.72
Forecasted Upside	11.05% Upside	8.32% Upside	-0.47% Downside	35.43% Upside
Consensus Rating	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
Consensus Rating Score	3.07	2.41
Consensus Rating	Buy	Hold
News Sentiment Rating	Positive News See Recent CVE News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export

Date	Brokerage	Action	Rating	Price Target	Report Date Upside/Downside
7/30/2026	JPMorgan Chase & Co. 3 of 5 stars	Boost Target		C$45.00 ➝ C$51.00	+21.86%
7/30/2026	TD Not Rated	Boost Target	Buy	C$46.00 ➝ C$49.00	+17.08%
7/30/2026	Scotiabank 4 of 5 stars	Boost Target	Sector Outperform	C$49.00 ➝ C$51.00	+21.86%
7/30/2026	Royal Bank Of Canada Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Boost Target	Outperform	C$47.00 ➝ C$51.00	+21.86%
7/30/2026	Raymond James Financial Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Boost Target	Outperform	C$41.00 ➝ C$46.00	+9.92%
7/17/2026	Desjardins Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Set Target	Buy	C$50.00	+28.17%
6/29/2026	Gerdes Energy Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Upgrade	Neutral ➝ Buy	C$42.00 ➝ C$46.00	+28.71%
5/7/2026	Scotia Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Boost Target	Sector Outperform	C$38.00 ➝ C$44.00	+12.91%
4/9/2026	UBS Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Boost Target		C$36.00 ➝ C$41.00	+15.79%
3/31/2026	National Bank Financial Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Boost Target	Outperform	C$30.00 ➝ C$57.00	+56.42%
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.
3/16/2026	Jefferies Financial Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Boost Target		C$30.00 ➝ C$37.00	+15.37%
3/10/2026	Veritas Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Upgrade	Strong Sell ➝ Strong-Buy
2/23/2026	ATB Cormark Capital Markets Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Boost Target		C$29.00 ➝ C$34.00	+9.89%
2/20/2026	BMO Capital Markets Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Lower Target	Outperform	C$38.00 ➝ C$35.00	+13.16%
2/20/2026	TD Securities Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Boost Target	Buy	C$28.00 ➝ C$35.00	+13.16%
1/23/2026	Morgan Stanley Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Lower Target		C$31.00 ➝ C$29.00	+12.27%
1/2/2026	The Goldman Sachs Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Upgrade	Strong-Buy
4/10/2025	Canadian Imperial Bank of Commerce Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Lower Target		C$32.00 ➝ C$28.00	+83.01%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 11:26 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 Sunday, August 9, 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 recently reported earnings per share of C$1.53, indicating strong profitability and effective management of resources.
Cenovus Energy Inc. has a solid return on equity of over 21%, suggesting that it is efficiently generating profits from its equity investments.
The firm has increased its quarterly dividend to $0.22 per share, reflecting a commitment to returning value to shareholders and indicating financial health.
With a current stock price around C$39.85, the shares are positioned for potential growth, especially given the company's focus on oil sands and conventional oil production.
The company holds approximately 6.7 billion barrels of oil equivalent in proven and probable reserves, providing a strong foundation for future production and revenue generation.

Cenovus Energy
Bear Case

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

The net margin is currently at 12.37%, which, while positive, may indicate that there is room for improvement in cost management and operational efficiency.
Insider selling has been notable, with significant shares sold recently, which could signal a lack of confidence among insiders regarding the company's future performance.
The dividend payout ratio is around 22.78%, which, although sustainable, may limit the company's ability to reinvest in growth opportunities.
Market volatility in the energy sector can impact stock performance, and fluctuations in oil prices may pose risks to revenue stability.
Recent insider transactions show a decrease in ownership percentages, which could raise concerns about long-term commitment from key stakeholders.

CVE Forecast - Frequently Asked Questions

According to the research reports of 15 Wall Street equities research analysts, the average twelve-month stock price forecast for Cenovus Energy is C$43.73, with a high forecast of C$57.00 and a low forecast of C$29.00.

15 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, 12 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 11.05% based on their 12-month stock forecasts.

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

Cenovus Energy has been rated by research analysts at Desjardins, Gerdes Energy Research, JPMorgan Chase & Co., Raymond James Financial, Royal Bank Of Canada, Scotiabank, and TD 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 (TSE:CVE) was last updated on 8/9/2026 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

About MarketBeat

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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 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