Cenovus Energy (CVE) Stock Forecast & Price Target C$41.93 -1.77 (-4.05%) As of 04:00 PM Eastern Add Compare Share Share Analyst Forecasts Stock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsHeadlinesInsider TradesBuy This Stock Cenovus Energy - Analysts' Recommendations and Stock Price Forecast (2026) How MarketBeat Calculates Price Target and Consensus Rating Consensus Rating BuyBased on 15 Analyst RatingsSell0Hold2Buy13 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, 2 have given a hold rating, 11 have given a buy rating, and 2 have given a strong buy rating for CVE. Consensus Price Target C$39.79-5.11% Downside According to the 15 analysts' twelve-month price targets for Cenovus Energy, the average price target is C$39.79. 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 downside of -5.11% from the current price of C$41.93. 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. Get the Latest News and Ratings for CVE and Related Stocks Enter your email address to receive the latest news and analysts' ratings for Cenovus Energy and its competitors. Sign Up View SMS TermsSMS is currently available in Australia, Belgium, Canada, France, Germany, Ireland, Italy, New Zealand, the Netherlands, Singapore, South Africa, Spain, Switzerland, the United Kingdom, and the United States. By entering your phone number and clicking the sign-up button, you agree to receive periodic text messages from MarketBeat at the phone number you submitted, including texts that may be sent using an automatic telephone dialing system. Message and data rates may apply. Message frequency will vary. Messages will consist of stock alerts, news stories, and partner advertisements/offers. 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CVE Analyst Ratings Over TimeTypeCurrent Forecast5/20/25 to 5/20/261 Month Ago4/20/25 to 4/20/263 Months Ago2/19/25 to 2/19/261 Year Ago5/20/24 to 5/20/25Strong Buy2 Strong Buy rating(s)3 Strong Buy rating(s)2 Strong Buy rating(s)1 Strong Buy rating(s)Buy11 Buy rating(s)9 Buy rating(s)6 Buy rating(s)7 Buy rating(s)Hold2 Hold rating(s)2 Hold rating(s)3 Hold rating(s)2 Hold rating(s)Sell0 Sell rating(s)0 Sell rating(s)0 Sell rating(s)0 Sell rating(s)Consensus Price TargetC$39.79C$39.08C$29.41C$28.15Forecasted Upside-5.11% Downside14.86% Upside-7.17% Downside52.33% UpsideConsensus RatingBuyBuyModerate BuyModerate Buy CVE Analyst Recommendations By MonthAnalyst Ratings Chart DescriptionThe 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 MonthAverage Share Price and Price Target by Month Chart DescriptionThe 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 CompetitionTypeCenovus EnergyEnergy CompaniesConsensus Rating Score 3.00 2.41Consensus RatingBuyHoldNews Sentiment RatingNeutral NewsSee Recent CVE NewsPositive News Recent Analyst Forecasts and Stock Ratings All Ratings Strong Buy Buy Hold Sell Rating Show All Upside > 100% Upside 50% - 100% Upside 20% - 50% Upside 10% - 20% Upside 0% - 10% Downside 0% - 10% Downside 10% - 20% Downside 20% - 50% Downside 50% - 100% Downside > 100% Upside/Downside All Actions Upgrades Downgrades Initiates Coverage Raises Target Lowers Target Reiterates Rating Action Custom Range 1 Month 3 Months 6 Months Year-to-Date 1 Year 3 Years 5 Years Time Frame Start Date End Date Most Recent from Each Brokerage All Show Export DateBrokerageAnalystActionRatingPrice TargetReport Date Upside/DownsideDetails5/19/2026 Royal Bank Of Canada3 of 5 stars Boost TargetOutperformC$45.00 ➝ C$47.00+8.10%5/7/2026 ScotiaNot Rated Boost TargetSector OutperformC$38.00 ➝ C$44.00+12.91%5/6/2026 Raymond James Financial3 of 5 stars DowngradeStrong-Buy ➝ Moderate BuyC$41.00 ➝ C$42.00+6.36%4/16/2026 TDSubscribe to MarketBeat All Access for the firm's recommendation accuracy rating Boost TargetBuyC$35.00 ➝ C$45.00+26.76%4/14/2026 JPMorgan Chase & Co.Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating Boost TargetC$25.00 ➝ C$41.00+16.15%4/9/2026 UBS GroupSubscribe to MarketBeat All Access for the firm's recommendation accuracy rating Boost TargetC$36.00 ➝ C$41.00+15.79%3/31/2026 National Bank FinancialSubscribe to MarketBeat All Access for the firm's recommendation accuracy rating Boost TargetOutperformC$30.00 ➝ C$57.00+56.42%3/20/2026 Gerdes Energy ResearchSubscribe to MarketBeat All Access for the firm's recommendation accuracy rating DowngradeBuy ➝ Neutral3/16/2026 Jefferies Financial GroupSubscribe to MarketBeat All Access for the firm's recommendation accuracy rating Boost TargetC$30.00 ➝ C$37.00+15.37%3/10/2026 VeritasSubscribe to MarketBeat All Access for the firm's recommendation accuracy rating UpgradeStrong Sell ➝ Strong-Buy Get the Latest News and Ratings for CVE and Related StocksEnter your email address below to receive the latest news and analysts' ratings for Cenovus Energy and its competitors with MarketBeat's FREE daily newsletter. 2/23/2026 ATB Cormark Capital MarketsSubscribe to MarketBeat All Access for the firm's recommendation accuracy rating Boost TargetC$29.00 ➝ C$34.00+9.89%2/20/2026 BMO Capital MarketsSubscribe to MarketBeat All Access for the firm's recommendation accuracy rating Lower TargetOutperformC$38.00 ➝ C$35.00+13.16%2/20/2026 DesjardinsSubscribe to MarketBeat All Access for the firm's recommendation accuracy rating Boost TargetBuyC$33.00 ➝ C$36.00+16.39%2/20/2026 ScotiabankSubscribe to MarketBeat All Access for the firm's recommendation accuracy rating Boost TargetHold ➝ OutperformC$30.00 ➝ C$34.00+9.93%2/20/2026 TD SecuritiesSubscribe to MarketBeat All Access for the firm's recommendation accuracy rating Boost TargetBuyC$28.00 ➝ C$35.00+13.16%1/23/2026 Morgan StanleySubscribe to MarketBeat All Access for the firm's recommendation accuracy rating Lower TargetC$31.00 ➝ C$29.00+12.27%1/2/2026 The Goldman Sachs GroupSubscribe to MarketBeat All Access for the firm's recommendation accuracy rating UpgradeStrong-Buy4/10/2025 Canadian Imperial Bank of CommerceSubscribe to MarketBeat All Access for the firm's recommendation accuracy rating Lower TargetC$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 Wednesday at 08:33 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 Wednesday, May 20, 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 C$37.55, which has shown significant movement above its 200-day moving average, indicating positive momentum. Cenovus Energy Inc. has a strong dividend payout ratio of approximately 31.87%, suggesting a commitment to returning value to shareholders. Recent upgrades from multiple research firms, including a price target increase to C$42.00, reflect growing confidence in the company's future performance. The company has substantial proven and probable reserves, estimated at 6.7 billion barrels of oil equivalent, which supports long-term production potential. With a market capitalization of C$70.58 billion and a P/E ratio of 17.47, Cenovus Energy Inc. is positioned as a stable investment in the energy sector. Cenovus Energy Bear Case Investors should be bearish about investing in Cenovus Energy Inc. for these reasons: The company has a debt-to-equity ratio of 53.80, which may indicate higher financial risk compared to its equity base. Recent downgrades from some analysts, including a shift from "buy" to "neutral," suggest mixed sentiments about the stock's short-term performance. Fluctuations in oil prices can significantly impact revenue, making the company vulnerable to market volatility. Despite a strong dividend, the overall economic environment and energy sector challenges could affect future payouts. Analysts have varying price targets, with some as low as C$29.00, indicating uncertainty about the stock's future trajectory. CVE Forecast - Frequently Asked Questions What is Cenovus Energy's forecast for 2026? According to the research reports of 15 Wall Street equities research analysts, the average twelve-month stock price forecast for Cenovus Energy is C$39.79, with a high forecast of C$57.00 and a low forecast of C$29.00. Should I buy or sell Cenovus Energy stock right now? 15 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cenovus Energy in the last year. There are currently 2 hold ratings, 11 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. Does Cenovus Energy's stock price have much downside? According to analysts, Cenovus Energy's stock has a predicted downside of -5.11% based on their 12-month stock forecasts. Has Cenovus Energy been upgraded or downgraded by Wall Street analysts recently? Over the previous 90 days, Cenovus Energy's stock had 3 downgrades and 1 upgrade by analysts. What analysts cover Cenovus Energy? Cenovus Energy has been rated by research analysts at ATB Cormark Capital Markets, BMO Capital Markets, Desjardins, Gerdes Energy Research, Jefferies Financial Group, JPMorgan Chase & Co., National Bank Financial, Raymond James Financial, Royal Bank Of Canada, Scotia, Scotiabank, TD, TD Securities, UBS Group, and Veritas in the past 90 days. Do Wall Street analysts like Cenovus Energy more than its competitors? 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. Stock Forecasts and Research Tools Related Companies Canadian Natural Resources Stock Forecast Suncor Energy Stock Forecast Imperial Oil Stock Forecast Ovintiv Stock Forecast ARC Resources Stock Forecast Baytex Energy Stock Forecast Sandstorm Gold Stock Forecast Paramount Resources Stock Forecast International Petroleum Stock Forecast Vermilion Energy Stock Forecast Today's Analyst Ratings U.S. Ratings U.K. Ratings Canadian Ratings All Upgrades All Downgrades All Initiations All Price Target Changes Top-Rated Stocks Top Rated Stocks Top-Rated Dividend Stocks Top-Rated Small-Cap Stocks Top-Rated Tech Stocks Most-Upgraded Stocks Most-Downgraded Stocks Lowest-Rated Stocks More Ratings Tools Stock Ratings by Issuer Top-Rated Analysts Top-Rated Brokerages Stock Ratings Screener Free Ratings Newsletter Brokerages With Cenovus Energy RecommendationsRoyal Bank Of CanadaScotiaRaymond James FinancialTDJPMorgan Chase & Co.UBS GroupNational Bank FinancialGerdes Energy ResearchJefferies Financial GroupVeritasATB Cormark Capital MarketsDesjardinsScotiabankTD SecuritiesBMO Capital Markets This page (TSE:CVE) was last updated on 5/20/2026 by MarketBeat.com Staff. 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