Eight Capital set a C$15.00 price objective on Cenovus Energy (TSE:CVE) (NYSE:CVE) in a report released on Thursday morning. The brokerage currently has a neutral rating on the stock.
Several other equities research analysts also recently weighed in on CVE. JPMorgan Chase & Co. increased their price objective on Cenovus Energy from C$11.00 to C$11.50 in a report on Thursday, September 14th. National Bank Financial increased their price objective on Cenovus Energy from C$11.00 to C$12.50 and gave the company a sector perform rating in a report on Tuesday, September 26th. Canaccord Genuity increased their price objective on Cenovus Energy from C$14.50 to C$15.00 in a report on Tuesday, September 26th. Barclays increased their price objective on Cenovus Energy from C$15.00 to C$17.00 and gave the company an overweight rating in a report on Tuesday, September 26th. Finally, CIBC increased their price objective on Cenovus Energy from C$12.50 to C$14.50 in a report on Monday, October 2nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. Cenovus Energy presently has an average rating of Hold and an average price target of C$15.40.
Shares of Cenovus Energy (TSE CVE) opened at C$13.60 on Thursday. The firm has a market capitalization of $16,710.00, a P/E ratio of 4.76 and a beta of 0.26. Cenovus Energy has a fifty-two week low of C$8.89 and a fifty-two week high of C$19.73.
The business also recently declared a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.47%. The ex-dividend date of this dividend was Thursday, December 14th. Cenovus Energy’s dividend payout ratio (DPR) is presently 6.99%.
In related news, Director Patrick Darold Daniel purchased 35,000 shares of the business’s stock in a transaction dated Monday, November 6th. The stock was acquired at an average price of C$13.97 per share, for a total transaction of C$488,950.00. Also, Director Rhonda Ivy Zygocki purchased 7,200 shares of the business’s stock in a transaction dated Wednesday, November 8th. The shares were bought at an average price of C$14.48 per share, with a total value of C$104,256.00. Insiders have bought 153,633 shares of company stock valued at $1,967,303 in the last 90 days.
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Cenovus Energy Company Profile
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