Cenovus Energy Inc (TSE:CVE) (NYSE:CVE) has been assigned a consensus rating of “Hold” from the sixteen research firms that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is C$15.23.
CVE has been the topic of several analyst reports. JPMorgan Chase & Co. boosted their price target on shares of Cenovus Energy from C$12.50 to C$14.00 in a report on Friday, November 3rd. BMO Capital Markets boosted their target price on shares of Cenovus Energy from C$12.00 to C$14.00 in a research note on Friday, November 3rd. TD Securities boosted their target price on shares of Cenovus Energy from C$12.50 to C$13.50 and gave the company a “hold” rating in a research note on Friday, November 3rd. AltaCorp Capital downgraded shares of Cenovus Energy from an “outperform” rating to a “sector perform” rating in a research note on Thursday, November 9th. Finally, CIBC boosted their target price on shares of Cenovus Energy from C$14.50 to C$16.00 in a research note on Tuesday, November 14th.
Shares of Cenovus Energy (TSE:CVE) traded up C$0.12 during trading on Friday, reaching C$9.53. 2,234,776 shares of the company’s stock traded hands, compared to its average volume of 4,432,837. The company has a market cap of $11,560.00, a price-to-earnings ratio of 4.53 and a beta of 0.29. Cenovus Energy has a 12-month low of C$8.89 and a 12-month high of C$18.56.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 15th will be given a dividend of $0.05 per share. The ex-dividend date is Wednesday, March 14th. This represents a $0.20 annualized dividend and a yield of 2.10%. Cenovus Energy’s dividend payout ratio (DPR) is 9.57%.
About Cenovus Energy
Cenovus Energy Inc is a Canada-based integrated oil company. It operates in the business of developing, producing and marketing crude oil, Natural Gas Liquids (NGLs) and natural gas in Canada. The Company also conducts marketing activities and owns refining interests in the United States (U.S.). Its segments include: Oil Sands, which includes the development and production of bitumen and natural gas in northeast Alberta; Conventional, which includes the development and production of conventional crude oil, NGLs and natural gas in Alberta and Saskatchewan, including the heavy oil assets at Pelican Lake, the carbon dioxide (CO2) enhanced oil recovery (EOR) project at Weyburn and emerging tight oil opportunities; Refining and Marketing, which includes transporting and selling crude oil and natural gas and joint ownership of refineries in the U.S., as well as Corporate and Eliminations.
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