CENOVUS ENERGY INC (CVE) Forecast, Price Target & Analyst Ratings

NYSE:CVE • CA15135U1093

Current stock price

26.88 USD
+0.32 (+1.2%)
At close:
26.859 USD
-0.02 (-0.08%)
After Hours:

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 (CVE).

Forecast Snapshot

Consensus Price Target

Price Target
$23.33
-13.20% Downside
→ 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
$23.33
Upside
-13.20%
From current price of $26.88 to mean target of $23.33, Based on 21 analyst forecasts
Low
$17.09
Median
$23.84
High
$27.60

Price Target Revisions

1 Month
0.00%
3 Months
8.41%

Price Target Summary

21 Wall Street analysts provided a forecast for the next 12 months for CVE. The average price target is 23.33 USD. This implies a price decrease of -13.2% is expected in the next year compared to the current price of 26.88.
The average price target has been revised upward by 8.41% in the past 3 months.
→ Find peer stocks trading 30% below analyst price target

Analyst Ratings & History

Current Analyst Ratings

CVE Current Analyst RatingCVE 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 Historical Analyst RatingsCVE 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 was analyzed by 21 analysts. The buy percentage consensus is at 82. So analysts seem to be very confident about CVE.
In the previous month the buy percentage consensus was at a similar level.
CVE 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

DateFirmActionFrom → To
2026-03-12Goldman SachsMaintains Buy -> Buy
2026-02-20RBC CapitalMaintains Outperform -> Outperform
2026-02-18RBC CapitalMaintains Outperform -> Outperform
2026-01-20JP MorganDowngrade Overweight -> Neutral
2026-01-02Goldman SachsReiterate Buy
2025-11-17RBC CapitalMaintains Outperform -> Outperform
2025-08-01RBC CapitalMaintains Outperform -> Outperform
2025-04-30Goldman SachsMaintains Buy -> Buy
2025-04-11RBC CapitalReiterate Outperform -> Outperform
2025-04-02RBC CapitalReiterate Outperform -> Outperform
2025-02-21RBC CapitalMaintains Outperform -> Outperform
2025-01-06RBC CapitalReiterate Outperform -> Outperform
2024-11-01BMO CapitalMaintains Outperform -> Outperform
2024-10-04BMO CapitalMaintains Outperform -> Outperform
2024-07-12ScotiaBankMaintains Sector Outperform -> Sector Outperform
2024-03-28Morgan StanleyMaintains Overweight -> Overweight
2024-01-26RBC CapitalReiterate Outperform -> Outperform
2023-06-29National Bank Financial IncMaintains Outperform
2023-06-06Goldman SachsUpgrade Neutral -> Buy
2023-05-30RBC CapitalReiterate Outperform -> Outperform
2022-11-21Goldman SachsDowngrade Buy -> Neutral
2022-06-09Credit SuisseMaintains Outperform
2022-05-20Goldman SachsMaintains Buy
2022-02-14Credit SuisseMaintains Outperform
2021-09-28Goldman SachsMaintains Buy

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 is expected to report earnings on 4/30/2026. The consensus EPS estimate for the next earnings is 0.38 USD and the consensus revenue estimate is 14.44B USD.
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 revenue by date.CVE revenue by date.
52.204B
-21.96%		54.277B
3.97%		49.696B
-8.44%		44.719B
-10.01%		47.399B
5.99%		45.364B
-4.29%		N/AN/A
EBITDA
YoY % growth
CVE ebitda by date.CVE 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 ebit by date.CVE 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 operating margin by date.CVE operating margin by date.
10.78%9.37%9.54%8.79%10.41%11.80%N/AN/A
EPS
YoY % growth
CVE eps by date.CVE 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		0.38
-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 Yearly Revenue VS EstimatesCVE 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 Yearly EPS VS EstimatesCVE 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
-5.57%
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 / CVE Forecast FAQ

Can you provide the average price target for CENOVUS ENERGY INC stock?

21 analysts have analysed CVE and the average price target is 23.33 USD. This implies a price decrease of -13.2% is expected in the next year compared to the current price of 26.88.

When does CENOVUS ENERGY INC (CVE) report earnings?

CENOVUS ENERGY INC (CVE) will report earnings on 2026-04-30, before the market open.

What are the consensus estimates for CVE stock next earnings?

The consensus EPS estimate for the next earnings of CENOVUS ENERGY INC (CVE) is 0.38 USD and the consensus revenue estimate is 14.44B USD.

What is the number of analysts for CVE stock?

The number of analysts covering CENOVUS ENERGY INC (CVE) is 21.