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

TSX:CVE-PR-A • CA15135U3073

Current stock price

24.98 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
+ 9.34% Upside
→ Price target details

Next Earnings Forecast

Earnings Estimate
Release Date
May 6, 2026
Period
Q1 / 2026
EPS Estimate
CA$0.26
Revenue Estimate
14.444B
→ Full earnings forecast details

ChartMill Buy Consensus

Rating
78.18%
Weighted Analyst Rating Score
→ Analyst Ratings details

Price Target Details & History

Consensus Price Target and Range

Mean target
CA$27.31
Upside
+ 9.34%
From current price of CA$24.98 to mean target of CA$27.31, Based on 22 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

22 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 9.34% is expected in the next year compared to the current price of 24.98.
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
78.18%
CVE-PR-A.CA was analyzed by 22 analysts. The buy percentage consensus is at 78. So analysts seem to be have mildly positive 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 22 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
May 6, 2026
Period
Q1 / 2026
EPS Estimate
CA$0.26
Revenue Estimate
14.444B
Revenue Q2Q
8.61%
EPS Q2Q
-44.84%
Number of Analysts
7

Next Earnings Revisions

Revenue (1 Month)
0.00%
Revenue (3 Months)
0.00%
EPS (1 Month)
-23.51%
EPS (3 Months)
-25.09%

Next Earnings Summary

CVE-PR-A.CA is expected to report earnings on 5/6/2026. The consensus EPS estimate for the next earnings is 0.26 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

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%		44.719B
-10.01%		47.399B
5.99%		44.855B
-5.37%		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%		9.933B
-0.01%		11.076B
11.51%		11.307B
2.09%		13.471B
19.14%		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%		3.93B
-17.12%		4.932B
25.50%		5.355B
8.58%		6.466B
20.75%		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%8.79%10.41%11.94%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%		0.97
-54.60%		1.87
91.99%		2.69
44.26%		4.59
70.44%		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		0.26
-44.84%		0.28
-38.84%		0.30
-58.62%		0.23
-53.14%		0.31
20.39%		0.36
29.54%		0.40
34.24%		0.35
49.57%		0.60
90.94%		0.60
67.42%		0.68
68.94%		0.66
88.76%
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%		2.255B
-29.84%		2.456B
-54.14%		2.327B
-63.60%		2.479B
6.12%		2.484B
10.16%		2.741B
11.60%		2.648B
13.79%		3.213B
29.61%		3.086B
24.24%		3.39B
23.68%		3.344B
26.28%
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
7.94%
EPS Next 5 Year
20.99%

Long Term Revenue Growth (CAGR)

Revenue Next 3 Year
-5.92%
Revenue Next 5 Year
N/A

Long Term EBIT Growth (CAGR)

EBIT Next 3 Year
32.47%
EBIT Next 5 Year
22.21%
→ 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?

22 analysts have analysed CVE-PR-A.CA and the average price target is 27.31 CAD. This implies a price increase of 9.34% is expected in the next year compared to the current price of 24.98.

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 2026-05-06, before the market open.

What are the consensus estimates for CVE-PR-A stock next earnings?

The consensus EPS estimate for the next earnings of CENOVUS ENERGY INC - CVECN 2.404 PERP (CVE-PR-A.CA) is 0.26 CAD and the consensus revenue estimate is 14.44B CAD.

How do analysts rate CENOVUS ENERGY INC - CVECN 2.404 PERP (CVE-PR-A.CA)?

The consensus rating for CENOVUS ENERGY INC - CVECN 2.404 PERP (CVE-PR-A.CA) is 78.1818 / 100 . This indicates that analysts generally have a positive outlook on the stock.