Shares of Cenovus Energy Inc (TSE:CVE) (NYSE:CVE) have received a consensus rating of “Hold” from the sixteen analysts that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is C$15.23.
Several brokerages recently weighed in on CVE. AltaCorp Capital upgraded shares of Cenovus Energy from a “sector perform” rating to an “outperform” rating in a report on Friday, February 16th. National Bank Financial cut their price target on shares of Cenovus Energy from C$14.00 to C$13.50 and set a “sector perform” rating on the stock in a report on Friday, February 16th. TD Securities cut their price target on shares of Cenovus Energy from C$14.00 to C$12.00 and set a “hold” rating on the stock in a report on Friday, February 16th. Eight Capital set a C$15.00 price target on shares of Cenovus Energy and gave the stock a “neutral” rating in a report on Thursday, January 11th. Finally, Citigroup increased their price target on shares of Cenovus Energy from C$10.00 to C$13.00 in a report on Monday, December 11th.
Cenovus Energy (CVE) opened at C$10.48 on Wednesday. Cenovus Energy has a fifty-two week low of C$8.89 and a fifty-two week high of C$17.81. The firm has a market cap of $12,900.00, a P/E ratio of 5.01 and a beta of 0.47.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 15th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.91%. Cenovus Energy’s payout ratio is 9.57%.
In other news, insider Keith Chiasson acquired 2,635 shares of the company’s stock in a transaction dated Monday, March 5th. The shares were acquired at an average price of C$9.60 per share, with a total value of C$25,296.00.
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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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