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Cenovus Energy (CVE) Stock Forecast & Price Target

Cenovus Energy logo
$17.57 +0.41 (+2.39%)
Closing price 03:59 PM Eastern
Extended Trading
$17.58 +0.00 (+0.03%)
As of 04:22 PM Eastern
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Cenovus Energy - Analysts' Recommendations and Stock Price Forecast (2025)

Consensus Rating

Buy
Based on 11 Analyst Ratings
Sell
0
Hold
2
Buy
9

Based on 11 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 11 analysts, 2 have given a hold rating, 7 have given a buy rating, and 2 have given a strong buy rating for CVE.

Consensus Price Target

$23.33
32.80% Upside
According to the 11 analysts' twelve-month price targets for Cenovus Energy, the average price target is $23.33. The highest price target for CVE is $28.00, while the lowest price target for CVE is $16.00. The average price target represents a forecasted upside of 32.80% from the current price of $17.57.
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

TypeCurrent Forecast
9/16/24 to 9/16/25		1 Month Ago
8/17/24 to 8/17/25		3 Months Ago
6/18/24 to 6/18/25		1 Year Ago
9/17/23 to 9/16/24
Strong Buy
2 Strong Buy rating(s)
1 Strong Buy rating(s)
1 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
7 Buy rating(s)
4 Buy rating(s)
4 Buy rating(s)
4 Buy rating(s)
Hold
2 Hold rating(s)
4 Hold rating(s)
4 Hold rating(s)
0 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$23.33$23.33$25.75$30.67
Forecasted Upside32.80% Upside55.14% Upside76.19% Upside86.59% Upside
Consensus RatingBuyModerate BuyModerate BuyBuy

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.
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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.
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Cenovus Energy Stock vs. The Competition

TypeCenovus EnergyEnergy CompaniesS&P 500
Consensus Rating Score
3.00
2.62
2.53
Consensus RatingBuyModerate BuyModerate Buy
Predicted Upside31.49% Upside43.37% Upside11.52% Upside
News Sentiment Rating
Positive News

See Recent CVE News
Positive News
Positive News
Export to Excel
DateBrokerageAnalystActionRatingPrice TargetReport Date
Upside/Downside		Details
9/10/2025National Bankshares
3 of 5 stars		 Reiterated RatingOutperform
9/2/2025Jefferies Financial Group
2 of 5 stars		 Reiterated RatingBuy
8/25/2025UBS Group
4 of 5 stars		 Reiterated RatingBuy
8/22/2025National Bank Financial
Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		 UpgradeHold ➝ Strong-Buy
8/1/2025Royal Bank Of Canada
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Greg Pardy
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Boost TargetOutperform$25.00 ➝ $26.00+74.83%
5/14/2025Veritas
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D. Mccoubrey
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DowngradeStrong-Buy ➝ Hold
4/30/2025The Goldman Sachs Group
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Neil Mehta
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Lower TargetBuy$18.00 ➝ $16.00+36.75%
4/15/2025Morgan Stanley
Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		 Reiterated RatingOverweight
3/19/2025Scotiabank
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K. Fisk
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UpgradeStrong-Buy
11/1/2024BMO Capital Markets
Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		 Lower TargetOutperform$31.00 ➝ $28.00+74.13%
10/1/2024TD Securities
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M. Hulshof
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DowngradeStrong-Buy ➝ Hold
5/28/2024Raymond James Financial
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J. Mccrea
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UpgradeModerate Buy

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 04:15 PM 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 Wednesday, September 10, 2025. Please send any questions or comments about these Cenovus Energy pros and cons to contact@marketbeat.com.

Cenovus Energy
Bull Case

green Wall Street bull icon

Here are some ways that investors could benefit from investing in Cenovus Energy Inc.:

  • The current stock price is around $15.95, which may present a buying opportunity for investors looking for value in the energy sector.
  • Recent upgrades from multiple financial institutions, including a "strong-buy" rating from National Bank Financial, indicate positive sentiment and potential for stock appreciation.
  • The company reported earnings per share (EPS) of $0.33, significantly exceeding analysts' expectations, showcasing strong financial performance.
  • Cenovus Energy Inc. has declared a quarterly dividend of $0.20 per share, translating to an annualized yield of 5.0%, which can provide a steady income stream for investors.
  • With a market capitalization of approximately $28.69 billion, Cenovus Energy Inc. is positioned as a significant player in the oil and gas industry, which may attract institutional investors.

Cenovus Energy
Bear Case

red Wall Street bear icon

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

  • The company's revenue has decreased by 12.6% compared to the same quarter last year, which may raise concerns about its growth prospects.
  • Despite a positive EPS report, the company earned significantly less than the previous year, which could indicate potential challenges in maintaining profitability.
  • The stock has a beta of 0.99, suggesting it is nearly as volatile as the market, which may not appeal to risk-averse investors.
  • The debt-to-equity ratio of 0.24, while relatively low, still indicates that the company is using some leverage, which could pose risks in a fluctuating market.
  • Analysts have a consensus price target of $23.33, which suggests limited upside potential from the current stock price, potentially making it less attractive for short-term investors.

CVE Forecast - Frequently Asked Questions

According to the research reports of 11 Wall Street equities research analysts, the average twelve-month stock price forecast for Cenovus Energy is $23.33, with a high forecast of $28.00 and a low forecast of $16.00.

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cenovus Energy in the last twelve months. There are currently 2 hold ratings, 7 buy ratings and 2 strong buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" CVE shares.

According to analysts, Cenovus Energy's stock has a predicted upside of 32.80% based on their 12-month stock forecasts.

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

Cenovus Energy has been rated by research analysts at Jefferies Financial Group, National Bank Financial, National Bankshares, Royal Bank Of Canada, 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 Moderate Buy. Learn more on how CVE compares to other companies.

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This page (NYSE:CVE) was last updated on 9/16/2025 by MarketBeat.com Staff
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