ATB Cormark raises target for Cenovus Energy stock to CAD 49.00

Published on 10/13/2026 at 17:00 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Results are due October 30, 2026. Cenovus Energy stock costs EUR 29.06 on October 13, 2026, up 3.30 percent on the Toronto Stock Exchange.

Analyst target and reporting date

MarketBeat reported on October 6, 2026 that ATB Cormark lifted its Cenovus target from CAD 42.50 to CAD 49.00.
Cenovus Energy is scheduled to report results on October 30, 2026.
Cenovus Energy stock costs EUR 29.06 at Lang & Schwarz on October 13, 2026 at 4:45 p.m. CEST, up 3.30 percent on the Toronto Stock Exchange.
Cenovus Energy had a CAD 85.3 billion market capitalization and a P/E ratio of 12.87 on October 13, 2026.

CVE, CA15135U1093, Illustration mit AI erstellt.

ATB Cormark lifted its Cenovus Energy target from CAD 42.50 to CAD 49.00 while maintaining an outperform rating, according to MarketBeat on October 6, 2026. The new target is 5.99 percent above the CAD 46.23 Toronto-listed price at the same snapshot. Cenovus Energy was at EUR 29.06 at Lang & Schwarz on October 13, 2026 at 4:45 p.m. CEST, while the Toronto listing was up 3.30 percent on the day.

Target leaves measured upside

The target change gives investors a clear valuation marker without turning the analyst view into a forecast. ATB Cormark's CAD 49.00 objective is 5.99 percent above the CAD 46.23 Toronto price, a smaller gap than the 8.99 percent upside stated in the earlier market coverage when the stock traded at CAD 44.96.

The target also sits below several higher published objectives cited by MarketBeat, including CAD 52.00 from Canadian Imperial Bank of Commerce and CAD 51.00 from Royal Bank of Canada. Those older targets provide context, but the October 6 ATB Cormark revision is the most recent dated target used here.

Results date is October 30, 2026

Cenovus Energy is scheduled to report its next results on October 30, 2026, according to Gekko. The same calendar lists consensus estimates of USD 1.04 for earnings per share and USD 11.61 billion for revenue, giving the date a quantified earnings focus.

Stock sits near yearly high

Cenovus Energy traded at CAD 46.23 on the Toronto Stock Exchange at 10:59 a.m. ET on October 13, 2026. The session move was plus 3.30 percent, with volume at 1,362,344 shares against an average of 5,266,585.

The CAD 21.62 to CAD 47.45 52-week range places the stock 2.57 percent below its yearly high. The current quote is also 113.92 percent above the yearly low, calculated from the same Toronto-listed range.

Valuation and peer comparison

Cenovus Energy carried a market capitalization of CAD 85.3 billion, a P/E ratio of 12.87 and a dividend yield of 2.00 percent on October 13, 2026. The combination gives the upcoming results date and the analyst target two separate measures for assessing the stock's next valuation reference.

Comparison with peers

Cenovus Energy (TSX, CAD): plus 3.30 percent, P/E 12.87, market capitalization CAD 85.3 billion.
Suncor Energy (TSX, CAD): plus 3.60 percent, P/E 14.14, market capitalization CAD 126.0 billion.
Canadian Natural Resources (TSX, CAD): plus 3.46 percent, P/E 13.01, market capitalization CAD 152.8 billion.

Euro quote after Xetra close

The Lang & Schwarz quote stood at EUR 29.06 on October 13, 2026 at 4:45 p.m. CEST. The euro quote provides the German trading perspective, while the 3.30 percent Toronto move supplies the same-day exchange context for the Canadian listing.

The further course of trading is shown by the continuously updated real-time quote of Cenovus Energy stock.