Cenovus Energy (CVE) Stock Forecast & Price Target

C$44.83 -0.39 (-0.86%)

As of 08/19/2026 04:00 PM Eastern

Compare

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
-2.45% Downside

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 downside of -2.45% from the current price of C$44.83.

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.

SMS 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. Consent is not a condition of the purchase of any goods or services. Text HELP for help/customer support. Unsubscribe at any time by replying "STOP" to any text message that you receive from MarketBeat or by visiting our mailing preferences page. Read our full terms of service and privacy policy.

CVE Analyst Ratings Over Time

Type	Current Forecast 8/20/25 to 8/20/26	1 Month Ago 7/21/25 to 7/21/26	3 Months Ago 5/22/25 to 5/22/26	1 Year Ago 8/20/24 to 8/20/25
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$41.40	C$39.79	C$27.17
Forecasted Upside	-2.45% Downside	1.97% Upside	-4.08% Downside	30.61% 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	2.42
Consensus Rating	Buy	Hold
News Sentiment Rating	Neutral 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%
The retirement stock I'd buy before Nvidia today (Ad) In 2014, Marc Chaikin pointed readers toward Nvidia. Now the 60-year Wall Street veteran and creator of the Chaikin Money Flow indicator has a new top retirement pick. The company holds three fast-growing businesses -- including an autonomous vehicle unit and a streaming service with 10x Netflix's reach -- any of which could be spun off in the next 12 to 24 months. It also pays a dividend, a rarity among high-growth AI names. Chaikin lays out the full case in a new free presentation, no email or credit card required. Get Marc Chaikin's free presentation on this overlooked AI stock now
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 Thursday at 08:14 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 Monday, August 17, 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 increased its quarterly dividend to $0.22 per share, reflecting a commitment to returning value to shareholders and indicating strong financial health.
Cenovus Energy Inc. has a solid return on equity of over 21%, suggesting effective management and profitability in generating returns for shareholders.
With a net margin of approximately 12%, the company demonstrates its ability to convert revenue into profit, which is a positive indicator for potential investors.
Recent analyst upgrades have set price targets for the stock between C$46.00 and C$51.00, indicating a bullish outlook and potential for price appreciation.
The current stock price is around C$39.85, which may present a buying opportunity for investors looking to enter at a favorable valuation.

Cenovus Energy
Bear Case

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

Insider selling has been notable, with significant shares sold recently, which could signal a lack of confidence among those closest to the company.
The company's payout ratio is approximately 22.78%, which, while sustainable, may limit future dividend increases if earnings do not grow significantly.
Despite positive earnings forecasts, the energy sector can be volatile, and fluctuations in oil prices may impact the company's profitability and stock performance.
Insiders currently hold about 32.03% of the company's stock, which may raise concerns about the concentration of ownership and potential influence on company decisions.
While the company has strong reserves, the ongoing development and operational costs associated with oil sands can be high, potentially affecting future profitability.

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 analysts have issued "buy," "hold," and "sell" ratings for Cenovus Energy in the last year. There is currently 1 hold rating, 12 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 downside of -2.45% 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.

Stock Forecasts and Research Tools

Related Companies

Today's Analyst Ratings

Top-Rated Stocks

More Ratings Tools

Brokerages With Cenovus Energy Recommendations

This page (TSE:CVE) was last updated on 8/20/2026 by MarketBeat.com Staff.

From Our Partners

Unlock superior investment research and tools.

Get MarketBeat All Access

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

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

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

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 downside?

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