CVECVEEnergy · Oil & Gas Integrated

CVE Stock Forecast: Cenovus Energy, Inc. Price Predictions for 2026-2027

Last close, 12 Oct 2026
$32
+1.50% on the day

The 16 Wall Street analysts covering Cenovus Energy, Inc. hold a median 12-month price target of $36 — +14.5% from the last close. Ticker Nerd's systematic factor model, run across ~4,600 US stocks, ranks it 90 of 100 as at 9 Oct 2026 — among the strongest tenth. Here, the model and the Street point the same way.

Market cap
$60.2B
Ticker Nerd rank
90 / 100
Median analyst target
$36
Analysts covering
16
Revenue$19.1B+54.9% y/y
Operating income$4.3B
Net income$2.9B
Free cash flow$4.4B
Quarterly, 8 quarters to 30 June 2026 · latest quarter's figure shown
Total return, dividends reinvested
1W
+1.2%
1M
−3.3%
YTD
+91.4%
1Y
+87.2%
From 52W high
−6.1%
From 52W low
+104.3%
$16
$34
52-week range, adjusted closes · the dot is the last close
Ticker Nerd rank

CVE stock analysis: one number for the whole business

Consensus tells you what everyone already believes. The model scores Cenovus Energy, Inc. on its factor families — the same systematic rank behind the Ticker Nerd portfolio.

Where the model ranks itAs at 9 Oct 2026
90 / 100

Percentile across ~4,600 US stocks on Ticker Nerd’s systematic factor model. Higher is better. How the model is built and tested

Quality
93
Momentum
90
Volatility
89
Growth
85
Revisions
81
Value
78
Accruals
49
Issuance
45
Size
5

Quality (93): The business earns solid, repeatable profits on what it owns.

Issuance (45): The company has been issuing shares or taking on financing, diluting existing holders.

Size (5): Larger than most of the companies we track — more scrutinised, less often mispriced.

Built and run by Aslam Ghouse, an ex-Goldman Sachs quant trader with fourteen years in markets.

Wall Street

CVE stock forecast 2026-2027: analyst price targets & predictions

The bullish and bearish analyst opinions on CVE, reported as data — targets and ratings, the market's view beside the model's.

Share price and the analyst range, 12 monthsAdjusted close, US dollars
$15$20$25$30$35$40Jan 26Apr 26Jul 26Oct 26CVEHigh $40Median $36Low $33

Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.

Data provided by Twelve Data

What Wall Street says16 analysts
16 Buy0 Hold0 Sell
Low $33Median $36High $40

The green dot is the last close — the median target sits +14.5% from it.

Recent analyst actionsNewest first
DateFirmActionRatingTarget
30 July 2026RBC CapitalMaintainsOutperform$47 → $51
19 May 2026RBC CapitalMaintainsOutperform$45 → $47
19 May 2026RBC CapitalMaintainsOutperform—
7 May 2026RBC CapitalMaintainsOutperform—
12 Mar 2026Goldman SachsMaintainsBuy—
20 Feb 2026RBC CapitalMaintainsOutperform—
18 Feb 2026RBC CapitalMaintainsOutperform—
20 Jan 2026JP MorganDowngradeNeutral—
2 Jan 2026Goldman SachsReinstatesBuy$20
17 Nov 2025RBC CapitalMaintainsOutperform—
1 Aug 2025RBC CapitalMaintainsOutperform—
30 Apr 2025Goldman SachsMaintainsBuy—
11 Apr 2025RBC CapitalReiteratesOutperform—
2 Apr 2025RBC CapitalReiteratesOutperform—
21 Feb 2025RBC CapitalMaintainsOutperform—
6 Jan 2025RBC CapitalReiteratesOutperform—
1 Nov 2024BMO CapitalMaintainsOutperform—
4 Oct 2024BMO CapitalMaintainsOutperform—
12 July 2024ScotiabankMaintainsSector Outperform—
28 Mar 2024Morgan StanleyMaintainsOverweight—

Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.

Market Radar

This page is one stock. Monday covers all of them.

Computed off the Friday close and sent before the US open.

Market Radar reports the week’s largest rank changes across roughly 4,600 US stocks, the factor behind each one, and where the market went. CVE appears on the weeks it earns a place.

Free, every Monday. Unsubscribe any time.

Performance

CVE vs the S&P 500

Both lines are total return — dividends reinvested — so the comparison is honest on both sides.

Over the twelve months to 12 Oct 2026, Cenovus Energy, Inc. returned +87.2% against +20.4% for the S&P 500, dividends included.

CVE vs S&P 500, last 12 monthsTotal return, rebased to 100
80100120140160180200Jan 26Apr 26Jul 26Oct 26CVES&P 500

Download this chart as an image — free to reuse; link this page as the source.

Data provided by Twelve Data

Estimates

CVE analyst estimate revisions

Not the forecast itself — the direction analysts are revising it. Revision direction is one of the model's factor families.

Which way the estimates are movingNext fiscal year
EPS revision, 90 days
+11.6%
Analysts raising
3
Analysts cutting
2
Fundamentals

Cenovus Energy, Inc. (CVE) financial data

A margin means little on its own. Each bar marks where the figure sits across the whole US universe we score.

Valuation
Trailing P/E
12.5×

Cheaper than 52% of US stocks

Price / sales
1.1×

Cheaper than 66% of US stocks

Price / book
2.5×

Cheaper than 37% of US stocks

EV / EBITDA
4.8×

Cheaper than 54% of US stocks

Growth & margins
Revenue growth (YoY)
41.5%

Higher than 83% of US stocks

Earnings growth (YoY)
237.3%

Higher than 91% of US stocks

Gross margin
30.9%

Higher than 35% of US stocks

Operating margin
23.8%

Higher than 83% of US stocks

Net margin
12.4%

Higher than 74% of US stocks

Returns & dividend
Return on equity
20.9%

Higher than 82% of US stocks

Return on assets
9.2%

Higher than 91% of US stocks

Dividend yield
1.9%

Higher than 78% of US dividend payers

Bars mark the percentile across the ~4,600 US stocks Ticker Nerd covers, among those reporting the figure.

Key statistics

Cenovus Energy, Inc. (CVE) statistics: revenue, profit & scale

The headline figures, each with its date. Every row carries its own link — cite it straight from here.

  • Cenovus Energy, Inc. has a market value of $60.2B and an enterprise value of $48.6B.

  • Revenue in the twelve months to 30 June 2026: $59.6B. The latest quarter grew 41.5% year on year.

  • Net income over the same four quarters: $6.7B, a 11.2% net margin.

  • Diluted earnings per share, trailing twelve months: $3.58.

  • Free cash flow in the twelve months to 30 June 2026: $7.5B, after $4.9B of capital spending.

  • Cenovus Energy, Inc. spent $3.4B on share buybacks and $1.5B on dividends in the twelve months to 30 June 2026.

  • Shares outstanding: 1.8B.

  • Trailing P/E: 12.5×; forward P/E: 10.6× — the forward figure prices analyst consensus estimates, not reported earnings.

  • Forward dividend yield: 1.94%, paying out 23% of earnings.

  • Cenovus Energy, Inc. employs 7,211 people — $8.3M of revenue per employee.

Statement figures: company filings via Twelve Data, four quarters to 30 June 2026 · market figures as at 14 Oct 2026

Data provided by Twelve Data

Peers

CVE vs competitors

The nearest names by industry and size, scored by the same model — like for like.

Its peer group, ranked by the same modelOil & Gas Integrated
CompanyMarket capTKN rank
CVECenovus Energy, Inc.$60.2B
90
CVXChevron Corp.$430.2B
34
NFGNational Fuel Gas Co.$7.7B
30
XOMExxonMobil Holdings Corp.$721.5B
40
OKEONEOK, Inc.*$58.8B
63
LNGCheniere Energy, Inc.*$59.3B
90
DVNDevon Energy Corp.*$57.9B
52

* Nearest Energy names by size — few oil & gas integrated companies of this scale trade in the US universe.

Look up any of the roughly 4,600 stocks we score.

The rank is the raw material. Whether the rules would actually own Cenovus Energy, Inc. — and when they’d sell — is the membership. See the Ticker Nerd 20 →

News

Latest CVE news & analysis

Cenovus Stock Outperforms Industry in a Year: Should You Buy?

Zacks Investment Research · 14 Oct 2026positive

Cenovus Energy shares rose 95.3% over a year, outperforming the industry. The excerpt attributes the performance to production growth, strategic acquisitions and an attractive valuation.

Why it matters — CVE watchers may note the reported share performance and the factors cited in connection with it.

4 Energy Stocks Positioned for Growth as M&A Activity Picks Up

Zacks Investment Research · 13 Oct 2026positive

Zacks reports that oil-industry M&A activity is gaining momentum, with CVE and three other companies pursuing multibillion-dollar deals to expand operations, boost efficiency and strengthen cash flow.

Why it matters — CVE watchers may note the company is included among firms pursuing deals as M&A activity picks up.

Buy 3 Momentum Anomaly Stocks as High Yields, Oil Prices Hit Markets

Zacks Investment Research · 8 Oct 2026positive

Zacks Investment Research says ENLT, VICR and Cenovus Energy (CVE) have posted strong yearly gains despite recent pullbacks, as oil prices and Treasury yields rattle markets.

Why it matters — CVE is highlighted for its strong yearly gains amid market volatility and a recent pullback.

Cenovus Deepens Oil Sands Footprint With MEG Energy, Athabasca Deals

Zacks Investment Research · 7 Oct 2026positive

Cenovus is expanding its oil sands footprint through deals involving MEG Energy and Athabasca. The excerpt also says Christina Lake North has exceeded capacity.

Why it matters — The developments add to Cenovus's oil sands presence and its stated long-term growth plans.

Will Cenovus' Athabasca Deal Strengthen Its Oil Sands Growth Story?

Zacks Investment Research · 6 Oct 2026positive

Cenovus’s $5.7 billion Athabasca deal adds 45 MBoe/d and expands its oil sands footprint. The company targets thermal output of 115 MBPD by 2032.

Why it matters — The deal adds production and supports Cenovus’s stated thermal-output target, relevant to watchers tracking its oil sands growth plans.

FAQ

Frequently asked questions about CVE stock

What is the CVE stock price forecast for 2026-2027?

The 16 Wall Street analysts covering Cenovus Energy, Inc. have a median 12-month price target of $36, with estimates ranging from $33 to $40. These are third-party analyst estimates, not Ticker Nerd forecasts, and they are frequently wrong.

Is CVE stock a buy right now?

Of the 16 analysts covering Cenovus Energy, Inc., 16 rate it a Buy, 0 a Hold and 0 a Sell. Ticker Nerd's systematic factor model ranks Cenovus Energy, Inc. 90 out of 100 across roughly 4,600 US stocks as at 9 Oct 2026. None of this is personal advice — it does not consider your circumstances.

How does Ticker Nerd's model rank CVE?

As at 9 Oct 2026, Cenovus Energy, Inc. ranks 90 out of 100 on Ticker Nerd's systematic factor model — a percentile across roughly 4,600 US stocks, built from its factor families. Its strongest factor family is Quality (93 of 100).

Will CVE stock go up?

No one can know that. What the data says: the median 12-month target from 16 analysts implies +14.5% from the last close, and Ticker Nerd's factor model ranks Cenovus Energy, Inc. 90 out of 100 as at 9 Oct 2026. Analyst targets are third-party estimates and frequently wrong; none of this is personal advice.

What is the CVE stock forecast for 2030?

No analyst covering Cenovus Energy, Inc. publishes a 2030 price target — Wall Street targets run 12 to 18 months out. Sites quoting a 2030 price for CVE are extrapolating price history, which says nothing about the business. The furthest attributed numbers are the current analyst targets: $33 to $40 over the next 12 months.

How has CVE stock performed over the past year?

Cenovus Energy, Inc. returned +87.2% over the 12 months to 12 Oct 2026, with dividends reinvested. Past performance does not indicate future returns.

What does Cenovus Energy, Inc. do?

Cenovus Energy Inc. is a Canadian integrated energy company focused on the full oil and natural gas value chain.

What is the latest news on CVE?

The most recent item we track (Zacks Investment Research, 14 Oct 2026): "Cenovus Stock Outperforms Industry in a Year: Should You Buy?". Cenovus Energy shares rose 95.3% over a year, outperforming the industry. The excerpt attributes the performance to production growth, strategic acquisitions and an attractive valuation.

Company

About Cenovus Energy, Inc.

Cenovus Energy Inc. is a Canadian integrated energy company focused on the full oil and natural gas value chain. It develops and produces crude oil, bitumen, natural gas liquids, and natural gas through its upstream operations, which include oil sands, conventional, and offshore assets in Canada and the Asia Pacific region. The company also operates downstream businesses that upgrade, refine, transport, and market petroleum products in Canada and the United States. Cenovus Energy serves industrial, commercial, and consumer fuel markets through its refining and retail activities, making it an important participant in North American energy supply and distribution. Headquartered in Calgary, Alberta, Cenovus Energy combines production and refining capabilities to manage a broad portfolio of energy assets across multiple markets.

CEO Mr. Jonathan M. McKenzie CA · 7,211 employees · Canada · https://www.cenovus.com