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Cenovus Energy Inc.

CVENYSEEnergyOil & Gas Integrated

$33.18Today:- (-)1Y +84.92%

As of Oct 26, 2026 close

Market cap
$62.09B
P/E (TTM)
13.07
Forward P/E
6.24
Dividend yield
1.90%
52-week range
$15.63$34.16
Volume (live)
-
Avg. volume (3M)
6.65M

Cenovus Energy Inc. (CVE) Analyst Forecast

Analyst consensus ratings, 12-month price targets, and expert recommendations for Cenovus Energy Inc. stock.

Analyst Consensus Rating

Investment consensus from 16 professional research analysts

Consensus Rating

Buy
Based on 16 unique analysts
(33 total ratings in last 90 days)
High Confidence∞:1 Buy/Sell

Average Price Target

$38.85
+17.09% upside

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Strong Sell
Sell
Hold
Buy
Strong Buy

Latest CVE Analyst Ratings & Recommendations

Recent analyst recommendations with rating changes and price target updates (last 90 days)

Zacks Equity Research
Zacks Equity Research
BuyInitiates Coverage
-
Debapriya Bhowal
Zacks Equity Research
BuyInitiates Coverage
-
Lloyd Byrne
Jefferies
BuyMaintains
$36.11 → $38.24
Randy Ollenberger
BMO Capital
BuyMaintains
$42.70
Zacks Equity Research
Zacks Equity Research
BuyInitiates Coverage
-
Michael Barth, CFA
Raymond James
BuyMaintains
$37.32 → $35.91
Gregory Pardy
RBC Capital
BuyMaintains
$35.91 → $37.32
Menno Hulshof
TD Cowen
BuyReiterates
$34.51 → $35.21
Gregory Pardy
RBC Capital
BuyMaintains
$51.00 → $53.00
Arun Jayaram
JP Morgan
BuyMaintains
$40.84 → $39.44
Arun Jayaram
JP Morgan
BuyMaintains
$58.00 → $56.00
Patrick O'rourke
ATB Cormark Capital
BuyMaintains
$29.89 → $34.46
Unknown Analyst
National Bank
BuyMaintains
$42.20 → $40.09
Randy Ollenberger
BMO Capital
BuyReiterates
$35.16
Michael Barth, CFA
Raymond James
BuyMaintains
$35.87 → $37.27
Gregory Pardy
RBC Capital
BuyMaintains
$35.87
Lloyd Byrne
Jefferies
BuyMaintains
$35.87
Zacks Equity Research
Zacks Equity Research
BuyInitiates Coverage
-
Zacks Equity Research
Zacks Equity Research
BuyInitiates Coverage
-
Michael Barth, CFA
Raymond James
BuyMaintains
$32.40 → $35.92
Arun Jayaram
JP Morgan
BuyUpgrades
$35.92 → $40.85
Manav Gupta
UBS
HoldDowngrades
-
Manav Gupta
UBS
HoldUpgrades
-
Dennis Fong
CIBC
BuyMaintains
$33.81 → $36.63
Unknown Analyst
National Bank
BuyMaintains
$43.36
Neil Mehta
Goldman Sachs
BuyMaintains
$40.00
Neil Mehta
Goldman Sachs
BuyMaintains
$40.00
Nilanjan Banerjee
Zacks Equity Research
HoldInitiates Coverage
-
Devin McDermott
Morgan Stanley
BuyMaintains
$30.29 → $35.22
Lloyd Byrne
Jefferies
BuyMaintains
$34.51 → $35.92
Chris MacCulloch
Scotiabank
BuyMaintains
$49.00 → $51.00
Menno Hulshof
TD Cowen
BuyMaintains
$46.00 → $49.00
Gregory Pardy
RBC Capital
BuyMaintains
$47.00 → $51.00

Source: Professional analyst ratings and price targets from the last 90 days. Data as of Oct 23, 2026. Data sources and methodology

Frequently Asked Questions

What is the analyst consensus rating for CVE?

The analyst consensus rating for CVE is Buy, based on the latest ratings from 16 analysts over the last 90 days.

What is the average price target for CVE?

The average 12-month price target for CVE is $38.85, representing an upside of 17.1% from the Oct 26, 2026 close of $33.18.

What do analyst ratings mean?

Analyst ratings indicate investment recommendations: Strong Buy and Buy are bullish signals suggesting the stock may outperform. Hold means the stock is fairly valued. Sell and Strong Sell are bearish signals suggesting potential underperformance. These ratings are based on fundamental analysis and valuation models.

What is a price target?

A price target is an analyst's projection of a stock's fair value over a specific timeframe, typically 12 months. Analysts use fundamental analysis, financial modeling, and industry comparisons to estimate where the stock should trade. Price targets can range from low (conservative) to high (optimistic) estimates.