Cenovus Energy (CVE) Stock Forecast & Price Target

C$34.58 -0.68 (-1.93%)

As of 04:15 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, 11 have given a buy rating, and 3 have given a strong buy rating for CVE.

Consensus Price Target

C$40.20
16.25% Upside

According to the 15 analysts' twelve-month price targets for Cenovus Energy, the average price target is C$40.20. 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 16.25% from the current price of C$34.58.

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 7/6/25 to 7/6/26	1 Month Ago 6/6/25 to 6/6/26	3 Months Ago 4/7/25 to 4/7/26	1 Year Ago 7/6/24 to 7/6/25
Strong Buy	3 Strong Buy rating(s)	2 Strong Buy rating(s)	3 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	11 Buy rating(s)	11 Buy rating(s)	8 Buy rating(s)	6 Buy rating(s)
Hold	1 Hold rating(s)	2 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$40.20	C$39.79	C$35.33	C$28.15
Forecasted Upside	16.25% Upside	0.95% Upside	-6.48% Downside	46.92% 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	3.13	2.39
Consensus Rating	Buy	Hold
News Sentiment Rating	Very 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
6/29/2026	Gerdes Energy Research Not Rated	Upgrade	Neutral ➝ Buy	C$42.00 ➝ C$46.00	+28.71%
6/26/2026	Scotiabank 4 of 5 stars	Upgrade	Strong-Buy
5/19/2026	Royal Bank Of Canada 3 of 5 stars	Boost Target	Outperform	C$45.00 ➝ C$47.00	+8.10%
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%
5/6/2026	Raymond James Financial Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Downgrade	Strong-Buy ➝ Moderate Buy	C$41.00 ➝ C$42.00	+6.36%
4/16/2026	TD Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Boost Target	Buy	C$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 Target		C$25.00 ➝ C$41.00	+16.15%
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%
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%
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.
3/10/2026	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	Desjardins Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Boost Target	Buy	C$33.00 ➝ C$36.00	+16.39%
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 Tuesday at 12:03 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, July 6, 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$24.23, which may present a buying opportunity for investors looking for value in the energy sector.
Cenovus Energy Inc. has a strong market capitalization of C$43.16 billion, indicating a solid position in the market and potential for growth.
The company reported a return on equity of 12.67%, suggesting effective management and profitability in generating returns for shareholders.
With a price-to-earnings ratio of 13.23, the stock may be considered undervalued compared to industry peers, making it an attractive investment option.
The dividend payout ratio is currently 36.28%, indicating a commitment to returning value to shareholders through dividends, which can provide a steady income stream.

Cenovus Energy
Bear Case

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

The stock has a beta of 0.50, suggesting lower volatility compared to the market, which may limit potential high returns during bullish market conditions.
Despite recent positive earnings, the net margin of 6.72% indicates that the company may face challenges in maintaining profitability amidst fluctuating oil prices.
Analysts have mixed ratings, with three giving a Strong Buy, while others have assigned Hold ratings, reflecting uncertainty in the stock's future performance.
Recent insider trading activity shows that while some directors are buying shares, it may also indicate a lack of confidence from others in the company's future prospects.
The company operates in a highly competitive and volatile industry, which can pose risks to its financial stability and growth potential.

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$40.20, with a high forecast of C$57.00 and a low forecast of C$29.00.

15 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Cenovus Energy in the last year. There is currently 1 hold rating, 11 buy ratings and 3 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 16.25% based on their 12-month stock forecasts.

Over the previous 90 days, Cenovus Energy's stock had 2 upgrades and 1 downgrade by analysts.

Cenovus Energy has been rated by research analysts at Gerdes Energy Research, JPMorgan Chase & Co., Raymond James Financial, Royal Bank Of Canada, Scotia, Scotiabank, TD, and UBS Group 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 7/6/2026 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

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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 or downgraded 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