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Cenovus Energy (CVE) Stock Forecast & Price Target

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All Analysts

Top Analysts

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CVE Analyst Ratings

Strong Buy

9 Buy

1 Hold

0 Sell

Based on 10 analysts giving stock ratings to

Cenovus

Energy

in the past 3 months

TipRanks enables you to focus on the analyst rating consensus of all analysts or only the top performers in the past 3 months

CVE Stock 12 Month Forecast

Average Price Target

C$49.04

▲(18.74% Upside)

Based on 10 Wall Street analysts offering 12 month price targets for Cenovus Energy in the last 3 months. The average price target is C$49.04 with a high forecast of C$54.89 and a low forecast of C$42.00. The average price target represents a 18.74% change from the last price of C$41.30.

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19,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 0, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":22.947,"date":1767225600000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 19,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 1, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":26.277,"date":1769904000000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 22,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 1, \t&nbsp;</span>\n  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Highest Price TargetC$54.89

Average Price TargetC$49.04

Lowest Price TargetC$42.00

The highest, average, and lowest price target of all analysts. Click on ‘Top Analysts’ to focus on the best performers.

Detailed List of Analyst Forecasts

Arun Jayaram

J.P. Morgan

C$45→C$51

Hold

23.49%

Upside

Reiterated

08/04/26

J.P. Morgan Sticks to Its Hold Rating for Cenovus Energy (CVE)

Chris MacCulloch

Scotiabank

C$49→C$51

Buy

23.49%

Upside

Reiterated

07/30/26

Scotiabank Remains a Buy on Cenovus Energy (CVE)

Randy Ollenberger

BMO Capital

C$42→C$50

Buy

21.07%

Upside

Reiterated

07/30/26

BMO Capital Keeps Their Buy Rating on Cenovus Energy (CVE)

Menno Hulshof

TD Cowen

C$46→C$49

Buy

18.64%

Upside

Reiterated

07/30/26

Cenovus Energy: Strong Operational Execution and Realistic 2026 Outlook Drive Price Target Increase from C$46 to C$49 and Reinforce Buy Rating

Gregory Pardy

RBC Capital

C$47→C$51

Buy

23.49%

Upside

Reiterated

07/29/26

Analysts Conflicted on These Energy Names: Antero Resources (NYSE: AR), Nabors Industries (NYSE: NBR) and Cenovus Energy (NYSE: CVE)

Lloyd Byrne

Jefferies

C$49

Buy

18.64%

Upside

Reiterated

07/29/26

Cenovus Energy: Strong Execution, Balance Sheet Improvement and Upgraded Outlook Support Buy Rating with Unchanged $49 Price Target

Neil Mehta

Goldman Sachs

C$50.66→C$54.89

Buy

32.90%

Upside

Reiterated

07/22/26

Analysts Offer Insights on Energy Companies: CVR Energy (NYSE: CVI), Cenovus Energy (NYSE: CVE) and Halliburton (NYSE: HAL)

Unknown Analyst

Desjardins

Not Ranked

Desjardins

C$50

Buy

21.07%

Upside

Reiterated

07/17/26

Desjardins Keeps Their Buy Rating on Cenovus Energy (CVE)

Michael Barth, CFA

Raymond James

C$41→C$42

Buy

1.69%

Upside

Reiterated

05/06/26

Cenovus Energy downgraded to Outperform from Strong Buy at Raymond JamesCenovus Energy downgraded to Outperform from Strong Buy at Raymond James

Patrick O'rourke

ATB Cormark Capital Markets

C$42.5

Buy

2.91%

Upside

Reiterated

05/06/26

Analysts Are Bullish on These Energy Stocks: Cenovus Energy (CVE), Whitecap Resources (WCPRF)

Manav Gupta

UBS

C$36→C$41

Buy

-0.73%

Downside

Reiterated

04/09/26

Cenovus Energy price target raised to C$41 from C$36 at UBSCenovus Energy price target raised to C$41 from C$36 at UBS

Devin McDermott

Morgan Stanley

C$29→C$41

Buy

-0.73%

Downside

Reiterated

03/27/26

Cenovus Energy price target raised to C$41 from C$29 at Morgan StanleyCenovus Energy price target raised to C$41 from C$29 at Morgan Stanley

Unknown Analyst

Gerdes Energy Research

Not Ranked

Gerdes Energy Research

―

Hold

―

Downgraded

03/20/26

Gerdes Energy Research downgrades Cenovus Energy (CVE) to a Hold

Darryl McCoubrey

Veritas Investment Research

C$27→C$35

Buy

-15.25%

Downside

Upgraded

03/10/26

Cenovus Energy upgraded to Buy from Sell at VeritasCenovus Energy upgraded to Buy from Sell at Veritas

Travis Wood

National Bank

C$28→C$29

Buy

-29.78%

Downside

Reiterated

01/09/26

Cenovus Energy (CVE) Gets a Buy from National Bank

Analyst Type

Any

Human Analysts

Ranks

Any

Analyst Rating

Any

Upside/ Downside

Any

Action

Any

Arun Jayaram

J.P. Morgan

C$45→C$51

Hold

23.49%

Upside

Reiterated

08/04/26

J.P. Morgan Sticks to Its Hold Rating for Cenovus Energy (CVE)

Chris MacCulloch

Scotiabank

C$49→C$51

Buy

23.49%

Upside

Reiterated

07/30/26

Scotiabank Remains a Buy on Cenovus Energy (CVE)

Randy Ollenberger

BMO Capital

C$42→C$50

Buy

21.07%

Upside

Reiterated

07/30/26

BMO Capital Keeps Their Buy Rating on Cenovus Energy (CVE)

Menno Hulshof

TD Cowen

C$46→C$49

Buy

18.64%

Upside

Reiterated

07/30/26

Cenovus Energy: Strong Operational Execution and Realistic 2026 Outlook Drive Price Target Increase from C$46 to C$49 and Reinforce Buy Rating

Gregory Pardy

RBC Capital

C$47→C$51

Buy

23.49%

Upside

Reiterated

07/29/26

Analysts Conflicted on These Energy Names: Antero Resources (NYSE: AR), Nabors Industries (NYSE: NBR) and Cenovus Energy (NYSE: CVE)

Lloyd Byrne

Jefferies

C$49

Buy

18.64%

Upside

Reiterated

07/29/26

Cenovus Energy: Strong Execution, Balance Sheet Improvement and Upgraded Outlook Support Buy Rating with Unchanged $49 Price Target

Neil Mehta

Goldman Sachs

C$50.66→C$54.89

Buy

32.90%

Upside

Reiterated

07/22/26

Analysts Offer Insights on Energy Companies: CVR Energy (NYSE: CVI), Cenovus Energy (NYSE: CVE) and Halliburton (NYSE: HAL)

Unknown Analyst

Desjardins

Not Ranked

Desjardins

C$50

Buy

21.07%

Upside

Reiterated

07/17/26

Desjardins Keeps Their Buy Rating on Cenovus Energy (CVE)

Michael Barth, CFA

Raymond James

C$41→C$42

Buy

1.69%

Upside

Reiterated

05/06/26

Cenovus Energy downgraded to Outperform from Strong Buy at Raymond JamesCenovus Energy downgraded to Outperform from Strong Buy at Raymond James

Patrick O'rourke

ATB Cormark Capital Markets

C$42.5

Buy

2.91%

Upside

Reiterated

05/06/26

Analysts Are Bullish on These Energy Stocks: Cenovus Energy (CVE), Whitecap Resources (WCPRF)

Manav Gupta

UBS

C$36→C$41

Buy

-0.73%

Downside

Reiterated

04/09/26

Cenovus Energy price target raised to C$41 from C$36 at UBSCenovus Energy price target raised to C$41 from C$36 at UBS

Devin McDermott

Morgan Stanley

C$29→C$41

Buy

-0.73%

Downside

Reiterated

03/27/26

Cenovus Energy price target raised to C$41 from C$29 at Morgan StanleyCenovus Energy price target raised to C$41 from C$29 at Morgan Stanley

Unknown Analyst

Gerdes Energy Research

Not Ranked

Gerdes Energy Research

―

Hold

―

Downgraded

03/20/26

Gerdes Energy Research downgrades Cenovus Energy (CVE) to a Hold

Darryl McCoubrey

Veritas Investment Research

C$27→C$35

Buy

-15.25%

Downside

Upgraded

03/10/26

Cenovus Energy upgraded to Buy from Sell at VeritasCenovus Energy upgraded to Buy from Sell at Veritas

Travis Wood

National Bank

C$28→C$29

Buy

-29.78%

Downside

Reiterated

01/09/26

Cenovus Energy (CVE) Gets a Buy from National Bank

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Find stocks in the Energy sector that are highly recommended by Top Performing Analysts.

Best Analysts Covering Cenovus Energy

3 Months

Manav GuptaUBS

Success Rate

15/21 ratings generated profit

Average Return

+10.93%

Copying Manav Gupta's trades and holding each position for 3 Months would result in 71.43% of your transactions generating a profit, with an average return of +10.93% per trade.

1 Year

Lloyd ByrneJefferies

Success Rate

20/28 ratings generated profit

Average Return

+30.65%

Copying Lloyd Byrne's trades and holding each position for 1 Year would result in 71.43% of your transactions generating a profit, with an average return of +30.65% per trade.

2 Years

Lloyd ByrneJefferies

Success Rate

27/28 ratings generated profit

Average Return

+56.33%

Copying Lloyd Byrne's trades and holding each position for 2 Years would result in 96.43% of your transactions generating a profit, with an average return of +56.33% per trade.

The Best Analyst Covering tool allows you to follow the analysts who have the best success rates and average returns on a specific stock. Only analysts that gave a Buy or Sell rating on the stock in the past 12 months are eligible for inclusion in this tool. Follow the analysts of your choice to receive real-time updates when they publish a new rating.

CVE Analyst Recommendation Trends

Rating

Apr 26

May 26

Jun 26

Jul 26

Aug 26

Strong Buy

Buy

Hold

Sell

Strong Sell

total

In the current month, CVE has received 12 Buy Ratings, 2 Hold Ratings, and 0 Sell Ratings. CVE average Analyst price target in the past 3 months is 49.04.

Each month's total comprises the sum of three months' worth of ratings.

CVE Financial Forecast

CVE Earnings Forecast

Next quarter’s earnings estimate for CVE is C$1.18 with a range of C$0.86 to C$1.48. The previous quarter’s EPS was C$1.53. CVE beat its EPS estimate ― of the time in the past 12 months, while its overall industry beat the EPS estimate 53.73% of the time in the same period. In the last calendar year CVE has Performed in-line its overall industry.

CVE Sales Forecast

Next quarter’s sales forecast for CVE is C$15.21B with a range of C$14.24B to C$16.05B. The previous quarter’s sales results were C$17.43B. CVE beat its sales estimates ― of the time in past 12 months, while its overall industry beat sales estimates 61.43% of the time in the same period. In the last calendar year CVE has Performed in-line its overall industry.

CVE Stock Forecast FAQ

What is TSE:CVE’s average 12-month price target, according to analysts?

Based on analyst ratings, Cenovus Energy’s 12-month average price target is 49.04.

What is TSE:CVE’s upside potential, based on the analysts’ average price target?

Cenovus Energy has 18.74% upside potential, based on the analysts’ average price target.

Can I see which stocks the top-ranking analysts are rating?

Yes, go to the Analysts’ Top Stocks tool to see stocks with a Strong Buy or Strong Sell analyst rating consensus, according to the top performers.

How can I follow the stock ratings of top Wall Street analysts?

Head over to our Expert Center to see a list of the top 100 Wall Street analysts and follow the analysts of your choice. Visit their profiles for more details about their stock ratings and see how they perform on a stock-by-stock basis.

Is TSE:CVE a Buy, Sell or Hold?

Cenovus Energy has a consensus rating of Strong Buy which is based on 9 buy ratings, 1 hold ratings and 0 sell ratings.

What is Cenovus Energy’s price target?

The average price target for Cenovus Energy is 49.04. This is based on 10 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
The highest analyst price target is C$54.89 ,the lowest forecast is C$42.00. The average price target represents 18.74% Increase from the current price of C$41.3.

What do analysts say about Cenovus Energy?

Cenovus Energy’s analyst rating consensus is a Strong Buy. This is based on the ratings of 10 Wall Streets Analysts.

How can I buy shares of TSE:CVE?

Open a brokerage account, see exclusive account opening deals on our Best Online Brokers page.

Cenovus Energy (CVE) Stock Forecast & Price Target

CVE Analyst Ratings

CVE Stock 12 Month Forecast

Average Price Target

Detailed List of Analyst Forecasts​

Best Analysts Covering Cenovus Energy

CVE Analyst Recommendation Trends

CVE Financial Forecast

CVE Earnings Forecast

CVE Sales Forecast

CVE Stock Forecast FAQ

Detailed List of Analyst Forecasts