Cenovus Energy Inc. (CVE)
NYSE: CVE · Real-Time Price · USD
27.42
+0.64 (2.39%)
At close: Apr 28, 2026, 4:00 PM EDT
27.50
+0.08 (0.29%)
After-hours: Apr 28, 2026, 7:57 PM EDT
Cenovus Energy Stock Forecast
Stock Price Forecast
The 2 analysts with 12-month price forecasts for Cenovus Energy stock have an average target of 30.5, with a low estimate of 29 and a high estimate of 32. The average target predicts an increase of 11.23% from the current stock price of 27.42.
Analyst Consensus: Strong Buy
* Price targets were last updated on Mar 12, 2026.
Analyst Ratings
The average analyst rating for Cenovus Energy stock from 2 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 | Nov '25 | Dec '25 | Jan '26 | Feb '26 | Mar '26 | Apr '26 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Hold | 0 | 0 | 0 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 2 | 2 | 2 | 2 | 2 | 2 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Goldman Sachs | Goldman Sachs | Strong Buy Maintains $22 → $29 | Strong Buy | Maintains | $22 → $29 | +5.76% | Mar 12, 2026 |
| RBC Capital | RBC Capital | Buy Maintains $31 → $32 | Buy | Maintains | $31 → $32 | +16.70% | Feb 20, 2026 |
| RBC Capital | RBC Capital | Buy Maintains $29 → $31 | Buy | Maintains | $29 → $31 | +13.06% | Feb 18, 2026 |
| Goldman Sachs | Goldman Sachs | Strong Buy Initiates $20 | Strong Buy | Initiates | $20 | -27.06% | Jan 2, 2026 |
| RBC Capital | RBC Capital | Buy Maintains $30 → $32 | Buy | Maintains | $30 → $32 | +16.70% | Nov 17, 2025 |
Financial Forecast
Revenue This Year
47.29B
from 49.70B
Decreased by -4.84%
Revenue Next Year
48.59B
from 47.29B
Increased by 2.74%
EPS This Year
1.67
from 2.15
Decreased by -22.28%
EPS Next Year
2.15
from 1.67
Increased by 28.60%
Revenue Forecast
| Revenue | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | 63.6B | 62.8B | |
| Avg | 47.3B | 48.6B | |
| Low | 37.7B | 40.2B |
Revenue Growth
| Revenue Growth | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | 28.0% | 32.7% | |
| Avg | -4.8% | 2.7% | |
| Low | -24.0% | -15.1% |
EPS Forecast
| EPS | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | 3.62 | 3.12 | |
| Avg | 1.67 | 2.15 | |
| Low | 0.78 | 1.51 |
EPS Growth
| EPS Growth | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | 68.4% | 86.5% | |
| Avg | -22.3% | 28.6% | |
| Low | -63.6% | -9.5% |
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.