CENOVUS ENERGY INC - CVECN 2.404 PERP (CVE-PR-A.CA) Forecast, Price Target & Analyst Ratings

TSX:CVE-PR-A • CA15135U3073

Current stock price

25.01 CAD
+0.01 (+0.04%)
Last:

Analyst forecast overview

View the latest analyst price targets, stock forecast, EPS estimates, revenue projections, revisions, full estimates, rating distribution and upgrades/downgrades for CENOVUS ENERGY INC - CVECN 2.404 PERP (CVE-PR-A.CA).

Forecast Snapshot

Consensus Price Target

Price Target
CA$27.31
+ 9.21% Upside
→ Price target details

Next Earnings Forecast

Earnings Estimate
Release Date
Apr 30, 2026
Period
Q1 / 2026
EPS Estimate
CA$0.38
Revenue Estimate
14.444B
→ Full earnings forecast details

ChartMill Buy Consensus

Rating
81.90%
Weighted Analyst Rating Score
→ Analyst Ratings details

Price Target Details & History

Consensus Price Target and Range

Mean target
CA$27.31
Upside
+ 9.21%
From current price of CA$25.01 to mean target of CA$27.31, Based on 21 analyst forecasts
Low
CA$21.69
Median
CA$27.42
High
CA$32.12

Price Target Revisions

1 Month
0.00%
3 Months
-3.39%

Price Target Summary

21 Wall Street analysts provided a forecast for the next 12 months for CVE-PR-A.CA. The average price target is 27.31 CAD. This implies a price increase of 9.21% is expected in the next year compared to the current price of 25.01.
The average price target has been revised downward by 3.39% in the past 3 months.
→ Find peer stocks trading 30% below analyst price target

Analyst Ratings & History

Current Analyst Ratings

CVE-PR-A Current Analyst RatingCVE-PR-A Current Analyst Buy, Sell and Hold Ratings.Current Analyst Rating Strong Buy Buy Hold Sell Strong Sell 2 4 6 8 10

Analyst Ratings History

CVE-PR-A Historical Analyst RatingsCVE-PR-A Historical Analyst Buy, Sell and Hold Ratings and number of analysts.Historical Monthly Analyst Rating -19 -17 -15 -13 -11 -9 -7 -5 -3 -1 5 10 15 20

Analyst Ratings Consensus

ChartMill Buy Consensus
81.90%
CVE-PR-A.CA was analyzed by 21 analysts. The buy percentage consensus is at 82. So analysts seem to be very confident about CVE-PR-A.CA.
In the previous month the buy percentage consensus was at a similar level.
CVE-PR-A.CA was analyzed by 21 analysts, which should be a sufficient number of analysts to have a meaningful average consensus rating.
→ Find peer stocks with a buy consensus above 85%

Recent Upgrades & Downgrades

Next Earnings Forecast Details

Next Earnings Details

Release Date
Apr 30, 2026
Period
Q1 / 2026
EPS Estimate
CA$0.38
Revenue Estimate
14.444B
Revenue Q2Q
8.61%
EPS Q2Q
-19.41%
Number of Analysts
7

Next Earnings Revisions

Revenue (1 Month)
0.00%
Revenue (3 Months)
0.00%
EPS (1 Month)
33.13%
EPS (3 Months)
4.68%

Next Earnings Summary

CVE-PR-A.CA is expected to report earnings on 4/30/2026. The consensus EPS estimate for the next earnings is 0.38 CAD and the consensus revenue estimate is 14.44B CAD.
The next earnings revenue estimate has been revised downward by 0% in the past 3 months.
→ Find peers expecting at least 20% revenue growth next quarter

Full Analyst Estimates 2026 - 2030

Yearly Earnings Per Share (EPS), Revenue, EBIT, EBITDA and Operating Margin Analyst Estimates

2023 2024 2025 2026 2027 2028 2029 2030
Revenue
YoY % growth
CVE-PR-A.CA revenue by date.CVE-PR-A.CA revenue by date.
52.204B
-21.96%		54.277B
3.97%		49.696B
-8.44%		46.206B
-7.02%		47.053B
1.83%		45.364B
-3.59%		N/AN/A
EBITDA
YoY % growth
CVE-PR-A.CA ebitda by date.CVE-PR-A.CA ebitda by date.
10.27B
-34.65%		9.957B
-3.05%		9.934B
-0.23%		11.312B
13.87%		11.7B
3.43%		13.091B
11.89%		13.471B
2.90%		13.262B
-1.55%
EBIT
YoY % growth
CVE-PR-A.CA ebit by date.CVE-PR-A.CA ebit by date.
5.626B
-49.03%		5.086B
-9.60%		4.742B
-6.76%		3.46B
-27.04%		4.212B
21.73%		5.874B
39.46%		6.466B
10.08%		6.503B
0.57%
Operating Margin
CVE-PR-A.CA operating margin by date.CVE-PR-A.CA operating margin by date.
10.78%9.37%9.54%7.49%8.95%12.95%N/AN/A
EPS
YoY % growth
CVE-PR-A.CA eps by date.CVE-PR-A.CA eps by date.
2.12
-28.86%		1.64
-22.64%		2.14
30.49%		1.67
-21.87%		2.15
28.60%		2.95
37.38%		4.59
55.27%		N/A

All data in CAD

Quarterly Earnings Per Share (EPS), Revenue, EBIT and EBITDA Analyst Estimates

Q1 / 26 Q2 / 26 Q3 / 26 Q4 / 26 Q1 / 27 Q2 / 27 Q3 / 27 Q4 / 27 Q1 / 28 Q2 / 28 Q3 / 28 Q4 / 28
EPS
Q2Q % growth		0.38
-19.41%		0.54
19.33%		0.49
-31.73%		0.40
-19.40%		0.37
-3.20%		0.40
-26.08%		0.43
-11.85%		0.36
-10.03%		0.66
79.06%		0.61
52.67%		0.66
53.38%		0.69
89.69%
Revenue
Q2Q % growth		14.444B
8.61%		13.995B
13.61%		14.706B
11.45%		14.662B
34.72%		N/AN/AN/AN/AN/AN/AN/AN/A
EBITDA
Q2Q % growth		2.336B
-10.29%		2.547B
-20.75%		2.506B
-53.20%		2.336B
-63.46%		2.611B
11.77%		2.594B
1.85%		2.818B
12.45%		2.677B
14.60%		3.367B
28.95%		3.133B
20.78%		3.391B
20.33%		3.435B
28.32%
EBIT
Q2Q % growth		503.94M
-60.93%		680.03M
-5.02%		616.71M
-59.82%		751.59M
-37.42%		873.69M
73.37%		908.36M
33.58%		936.62M
51.87%		917.96M
22.14%		N/AN/AN/AN/A

All data in CAD

Yearly Earnings Per Share (EPS) and Revenue Trends vs Historical Data

CVE-PR-A.CA Yearly Revenue VS EstimatesCVE-PR-A.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 20B 40B 60B
CVE-PR-A.CA Yearly EPS VS EstimatesCVE-PR-A.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 0 2 -2 4

Long Term Forward Growth Forecast Summary

Long Term EPS Growth (CAGR)

EPS Next 3 Year
11.34%
EPS Next 5 Year
20.99%

Long Term Revenue Growth (CAGR)

Revenue Next 3 Year
-5.10%
Revenue Next 5 Year
N/A

Long Term EBIT Growth (CAGR)

EBIT Next 3 Year
42.18%
EBIT Next 5 Year
23.83%
→ Find peers expecting at least 20% CAGR revenue growth over the next 3 years

CENOVUS ENERGY INC - CVECN 2.404 PERP / CVE-PR-A.CA Forecast FAQ

What is the average price target for CENOVUS ENERGY INC - CVECN 2.404 PERP (CVE-PR-A.CA) stock?

21 analysts have analysed CVE-PR-A.CA and the average price target is 27.31 CAD. This implies a price increase of 9.21% is expected in the next year compared to the current price of 25.01.

What is the next earnings date for CVE-PR-A stock?

CENOVUS ENERGY INC - CVECN 2.404 PERP (CVE-PR-A.CA) will report earnings on 2026-04-30, before the market open.

What are the consensus estimates for CENOVUS ENERGY INC - CVECN 2.404 PERP (CVE-PR-A.CA) next earnings?

The consensus EPS estimate for the next earnings of CENOVUS ENERGY INC - CVECN 2.404 PERP (CVE-PR-A.CA) is 0.38 CAD and the consensus revenue estimate is 14.44B CAD.

What is the expected long term growth rate for CVE-PR-A stock?

The expected long term growth rate for CENOVUS ENERGY INC - CVECN 2.404 PERP (CVE-PR-A.CA) is -5.1%.