Several other equities analysts have also issued reports on CVE. National Bank Financial raised their price objective on Cenovus Energy from C$22.00 to C$25.00 and gave the stock an outperform rating in a report on Thursday, January 6th. Royal Bank of Canada raised their price objective on Cenovus Energy from C$27.00 to C$28.00 and gave the stock an outperform rating in a report on Thursday. ATB Capital raised their price objective on Cenovus Energy from C$31.00 to C$33.00 and gave the stock an outperform rating in a report on Thursday. Raymond James raised their price objective on Cenovus Energy from C$22.00 to C$27.00 and gave the stock an outperform rating in a report on Friday, March 25th. Finally, National Bankshares dropped their price objective on Cenovus Energy from C$35.00 to C$28.00 in a report on Thursday, April 14th. Fifteen investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of Buy and an average target price of C$23.73.
TSE:CVE opened at C$24.83 on Thursday. The firm has a market capitalization of C$49.54 billion and a PE ratio of 91.96. The business’s fifty day moving average price is C$20.78 and its 200 day moving average price is C$17.97. The company has a debt-to-equity ratio of 65.32, a current ratio of 1.64 and a quick ratio of 0.81. Cenovus Energy has a 12 month low of C$8.89 and a 12 month high of C$25.07.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 30th. Investors of record on Wednesday, June 15th will be given a $0.105 dividend. The ex-dividend date is Tuesday, June 14th. This represents a $0.42 dividend on an annualized basis and a yield of 1.69%. This is an increase from Cenovus Energy’s previous quarterly dividend of $0.04. Cenovus Energy’s dividend payout ratio (DPR) is presently 155.56%.
In other news, Senior Officer Jonathan Michael Mckenzie acquired 25,000 shares of Cenovus Energy stock in a transaction that occurred on Thursday, February 10th. The stock was purchased at an average price of C$19.80 per share, for a total transaction of C$495,005.00. Following the completion of the transaction, the insider now directly owns 282,868 shares in the company, valued at C$5,600,842.97.
About Cenovus Energy (Get Rating)
Cenovus Energy Inc, together with its subsidiaries, develops, produces, and markets crude oil, natural gas liquids, and natural gas in Canada, the United States, and the Asia Pacific region. The company operates through Oil Sands, Conventional, Offshore, Canadian Manufacturing, U.S. Manufacturing, and Retail segments.
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