Cenovus Energy (CVE) – Analysts’ Recent Ratings Updates

A number of research firms have changed their ratings and price targets for Cenovus Energy (TSE: CVE):

  • 5/9/2022 – Cenovus Energy had its price target raised by analysts at Credit Suisse Group AG from C$26.00 to C$32.00. They now have an “outperform” rating on the stock.
  • 5/9/2022 – Cenovus Energy had its price target raised by analysts at CSFB from C$28.00 to C$32.00.
  • 4/28/2022 – Cenovus Energy was given a new C$27.00 price target on by analysts at Raymond James. They now have an “outperform” rating on the stock.
  • 4/28/2022 – Cenovus Energy had its price target raised by analysts at Royal Bank of Canada from C$27.00 to C$28.00. They now have an “outperform” rating on the stock.
  • 4/28/2022 – Cenovus Energy had its price target raised by analysts at ATB Capital from C$31.00 to C$33.00. They now have an “outperform” rating on the stock.
  • 4/28/2022 – Cenovus Energy had its price target raised by analysts at BMO Capital Markets from C$26.00 to C$30.00.
  • 4/14/2022 – Cenovus Energy had its price target raised by analysts at CIBC from C$28.00 to C$30.00.
  • 4/14/2022 – Cenovus Energy had its price target lowered by analysts at National Bankshares, Inc. from C$35.00 to C$28.00.
  • 4/12/2022 – Cenovus Energy had its price target raised by analysts at JPMorgan Chase & Co. from C$29.00 to C$30.00.
  • 3/25/2022 – Cenovus Energy had its price target raised by analysts at Raymond James from C$22.00 to C$27.00. They now have an “outperform” rating on the stock.
  • 3/14/2022 – Cenovus Energy had its price target raised by analysts at BMO Capital Markets from C$25.00 to C$26.00.

Shares of CVE stock opened at C$24.69 on Wednesday. The business’s fifty day simple moving average is C$21.63 and its 200-day simple moving average is C$18.60. The company has a market cap of C$48.93 billion and a PE ratio of 25.77. The company has a current ratio of 1.60, a quick ratio of 1.03 and a debt-to-equity ratio of 59.74. Cenovus Energy Inc. has a 12-month low of C$8.89 and a 12-month high of C$26.37.

Cenovus Energy (TSE:CVEGet Rating) (NYSE:CVE) last posted its quarterly earnings results on Tuesday, February 8th. The company reported C$0.54 EPS for the quarter, beating the consensus estimate of C$0.51 by C$0.03. The business had revenue of C$13.73 billion during the quarter, compared to analysts’ expectations of C$11.89 billion. On average, equities analysts forecast that Cenovus Energy Inc. will post 3.3299998 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 30th. Stockholders of record on Wednesday, June 15th will be paid a dividend of $0.105 per share. This is a positive change from Cenovus Energy’s previous quarterly dividend of $0.04. This represents a $0.42 annualized dividend and a dividend yield of 1.70%. The ex-dividend date of this dividend is Tuesday, June 14th. Cenovus Energy’s dividend payout ratio is presently 10.96%.

In other Cenovus Energy news, Senior Officer Karamjit Singh Sandhar acquired 6,000 shares of the business’s stock in a transaction on Monday, May 9th. The stock was bought at an average price of C$24.89 per share, for a total transaction of C$149,369.40. Following the acquisition, the insider now owns 43,591 shares in the company, valued at C$1,085,193.59. Also, Senior Officer Jonathan Michael Mckenzie acquired 25,000 shares of the business’s stock in a transaction on Thursday, February 10th. The stock was acquired at an average price of C$19.80 per share, with a total value of C$495,005.00. Following the acquisition, the insider now owns 282,868 shares in the company, valued at approximately C$5,600,842.97.

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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