Cenovus Energy Inc (TSE:CVE) (NYSE:CVE) – Analysts at National Bank Financial issued their FY2019 earnings per share estimates for shares of Cenovus Energy in a research note issued on Thursday. National Bank Financial analyst T. Wood anticipates that the company will post earnings of $0.33 per share for the year. National Bank Financial currently has a “Sector Perform” rating and a $13.50 target price on the stock.
Other equities research analysts also recently issued research reports about the company. CIBC raised their price target on Cenovus Energy from C$14.50 to C$16.00 in a research report on Tuesday, November 14th. Citigroup raised their price target on Cenovus Energy from C$10.00 to C$13.00 in a research report on Monday, December 11th. AltaCorp Capital downgraded Cenovus Energy from an “outperform” rating to a “sector perform” rating in a research report on Thursday, November 9th. Scotiabank downgraded Cenovus Energy from an “outperform” rating to a “sector perform” rating and set a C$14.00 price target on the stock. in a research report on Wednesday, November 15th. Finally, TD Securities raised their price target on Cenovus Energy from C$13.50 to C$14.00 and gave the company a “hold” rating in a research report on Friday, December 15th. One analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of C$15.23.
Cenovus Energy (TSE CVE) traded up C$0.02 during trading hours on Monday, reaching C$9.43. The company had a trading volume of 2,823,175 shares, compared to its average volume of 4,450,950. The company has a market capitalization of $11,560.00, a price-to-earnings ratio of 4.55 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 disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 15th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $0.20 annualized dividend and a dividend yield of 2.12%. Cenovus Energy’s dividend payout ratio is currently 9.57%.
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Cenovus Energy Company Profile
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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