CENOVUS ENERGY INC (CVE.CA) Forecast, Price Target & Analyst Ratings
TSX:CVE • CA15135U1093
32.2 CAD
+1.43 (+4.65%)
Last: Mar 12, 2026, 07:00 PM
View the latest analyst price targets, stock forecast, EPS estimates, revenue projections, revisions, full estimates, rating distribution and upgrades/downgrades for CENOVUS ENERGY INC (CVE.CA).
Forecast Snapshot
Consensus Price Target
CA$31.95
-0.78% Downside
Next Earnings Forecast
Release DateMay 6, 2026
PeriodQ1 / 2026
EPS EstimateCA$0.28
Revenue Estimate14.444B
ChartMill Buy Consensus
78.18%
Weighted Analyst Rating Score
Price Target Details & History
Consensus Price Target and Range
Mean target
CA$31.95
Upside
-0.78%
From current price of CA$32.20 to mean target of CA$31.95, Based on 22 analyst forecasts
Low
CA$23.40
Median
CA$32.64
High
CA$37.80
Price Target Revisions
1 Month
8.44%
3 Months
7.97%
Price Target Summary
22 Wall Street analysts provided a forecast for the next 12 months for CVE.CA. The average price target is 31.95 CAD. This implies a price decrease of -0.78% is expected in the next year compared to the current price of 32.2.
The average price target has been revised upward by 7.97% in the past 3 months.
Analyst Ratings & History
Current Analyst Ratings
Analyst Ratings History
Analyst Ratings Consensus
ChartMill Buy Consensus
78.18%
CVE.CA was analyzed by 22 analysts. The buy percentage consensus is at 78. So analysts seem to be have mildly positive about CVE.CA.
In the previous month the buy percentage consensus was at a similar level.
CVE.CA was analyzed by 22 analysts, which should be a sufficient number of analysts to have a meaningful average consensus rating.
Recent Upgrades & Downgrades
| Date | Firm | Action | From → To |
|---|---|---|---|
| 2025-12-14 | Jefferies | Maintains | Buy -> Buy |
| 2025-12-11 | TD Cowen | Maintains | Buy -> Buy |
| 2025-07-17 | Desjardins Securities | Maintains | Buy -> Buy |
| 2025-04-06 | SCOTIABANK GBM | Maintains | Outperform -> Outperform |
| 2025-04-05 | CIBC Capital Markets | Maintains | Outperform -> Outperform |
| 2025-01-06 | EQUISIGHTS | Maintains | Outperform -> Outperform |
| 2023-12-21 | TUDOR PICKERING & CO. SEC | Maintains | Buy -> Buy |
| 2022-12-14 | RBC Royalbank | Upgrade | |
| 2022-12-07 | Raymond James Capital | Maintains | Outperform |
| 2022-12-07 | TD Research | Maintains | Buy |
| 2022-12-07 | Scotiabank Capital | Maintains | Outperform |
| 2022-11-21 | ATB Capital | Upgrade | |
| 2022-11-21 | Credit Suisse | Upgrade | Outperform |
| 2022-11-03 | Raymond James Capital | Upgrade | Outperform |
| 2022-11-03 | RBC Royalbank | Upgrade | Outperform |
| 2022-11-03 | TD Research | Maintains | Buy |
| 2022-11-03 | Scotiabank Capital | Maintains | Outperform |
| 2022-11-03 | STA Research | Upgrade | Underperform |
| 2022-10-19 | Jefferies Financial LLC | Initiate | Buy |
| 2022-10-19 | STA Research | Maintains | Underperform |
| 2022-10-13 | Scotiabank Capital | Downgrade | |
| 2022-09-30 | National Bank of Canada Financial | Downgrade | Outperform |
| 2022-09-07 | Scotiabank Capital | Maintains | Outperform |
| 2022-09-07 | STA Research | Maintains | Underperform |
| 2022-08-31 | CIBC Capital Markets | Downgrade |
Next Earnings Forecast Details
Next Earnings Details
Release DateMay 6, 2026
PeriodQ1 / 2026
EPS EstimateCA$0.28
Revenue Estimate14.444B
Revenue Q2Q8.61%
EPS Q2Q-39.47%
Number of Analysts7
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.CA is expected to report earnings on 5/6/2026. The consensus EPS estimate for the next earnings is 0.28 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.
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 | 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/A | N/A | |
| EBITDA YoY % growth | 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 | 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 | 10.78% | 9.37% | 9.54% | 8.79% | 10.41% | 11.94% | N/A | N/A | |
| EPS YoY % growth | 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 | 0.28 -39.47% | 0.28 -38.84% | 0.30 -58.62% | 0.23 -53.14% | 0.31 9.70% | 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/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| EBITDA Q2Q % growth | 2.424B -6.91% | 2.255B -29.84% | 2.456B -54.14% | 2.327B -63.60% | 2.479B 2.27% | 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/A | N/A | N/A | N/A |
All data in CAD
Yearly Earnings Per Share (EPS) and Revenue Trends vs Historical Data
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%
CENOVUS ENERGY INC / CVE.CA Forecast FAQ
Can you provide the average price target for CENOVUS ENERGY INC stock?
22 analysts have analysed CVE.CA and the average price target is 31.95 CAD. This implies a price decrease of -0.78% is expected in the next year compared to the current price of 32.2.
Can you provide the upcoming earnings date for CENOVUS ENERGY INC?
CENOVUS ENERGY INC (CVE.CA) will report earnings on 2026-05-06, before the market open.
Can you provide the consensus estimates for CENOVUS ENERGY INC next earnings?
The consensus EPS estimate for the next earnings of CENOVUS ENERGY INC (CVE.CA) is 0.28 CAD and the consensus revenue estimate is 14.44B CAD.
What is the expected long term growth rate for CVE stock?
The expected long term growth rate for CENOVUS ENERGY INC (CVE.CA) is -5.92%.