Cenovus Energy Inc. (CVE)
NYSE: CVE · Real-Time Price · USD
24.81
+0.13 (0.53%)
At close: Jun 26, 2026, 4:00 PM EDT
24.95
+0.14 (0.54%)
After-hours: Jun 26, 2026, 7:54 PM EDT
Cenovus Energy Stock Forecast
Stock Price Forecast
The 14 analysts with 12-month price forecasts for Cenovus Energy stock have an average target of 30.43, with a low estimate of 20.37 and a high estimate of 42. The average target predicts an increase of 22.65% from the current stock price of 24.81.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for Cenovus Energy stock from 17 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Jan '26 | Feb '26 | Mar '26 | Apr '26 | May '26 | Jun '26 |
|---|---|---|---|---|---|---|
| Strong Buy | 11 | 10 | 11 | 11 | 10 | 10 |
| Buy | 5 | 6 | 5 | 5 | 6 | 6 |
| Hold | 1 | 1 | 1 | 1 | 1 | 1 |
| Sell | 1 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 1 | 0 | 0 | 0 | 0 |
| Total | 18 | 18 | 17 | 17 | 17 | 17 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Jefferies | Jefferies | Buy Maintains $34 | Buy | Maintains | $34 | +38.72% | Jun 14, 2026 |
| Goldman Sachs | Goldman Sachs | Buy Maintains $36 | Buy | Maintains | $36 | +45.10% | May 29, 2026 |
| Scotiabank | Scotiabank | Buy Maintains $31 → $33 | Buy | Maintains | $31 → $33 | +33.06% | May 20, 2026 |
| RBC Capital | RBC Capital | Buy Maintains $32 → $33 | Buy | Maintains | $32 → $33 | +33.06% | May 19, 2026 |
| ATB Cormark Capital Markets | ATB Cormark Capital Markets | Buy Reiterates $30 | Buy | Reiterates | $30 | +20.32% | May 7, 2026 |
Financial Forecast
Revenue This Year
59.43B
from 49.70B
Increased by 19.59%
Revenue Next Year
53.56B
from 59.43B
Decreased by -9.87%
EPS This Year
4.08
from 2.06
Increased by 98.31%
EPS Next Year
3.34
from 4.08
Decreased by -18.13%
Revenue Forecast
| Revenue | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | 65.9B | 58.9B | |
| Avg | 59.4B | 53.6B | |
| Low | 51.0B | 45.5B |
Revenue Growth
| Revenue Growth | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | 32.5% | -0.9% | |
| Avg | 19.6% | -9.9% | |
| Low | 2.7% | -23.5% |
EPS Forecast
| EPS | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | 4.60 | 3.96 | |
| Avg | 4.08 | 3.34 | |
| Low | 3.45 | 2.71 |
EPS Growth
| EPS Growth | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | 123.7% | -2.9% | |
| Avg | 98.3% | -18.1% | |
| Low | 67.8% | -33.6% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.