Cenovus Energy (TSE:CVE) Given New C$34.00 Price Target at JPMorgan Chase & Co.

Cenovus Energy (TSE:CVE – Get Rating) (NYSE:CVE) had its target price decreased by JPMorgan Chase & Co. from C$36.00 to C$34.00 in a research report report published on Tuesday morning, BayStreet.CA reports.

Several other research analysts have also weighed in on the company. CSFB raised Cenovus Energy from a market perform rating to an outperform rating and lowered their price objective for the stock from C$37.00 to C$35.00 in a research report on Monday, November 21st. ATB Capital lifted their price objective on Cenovus Energy from C$35.00 to C$37.00 in a research report on Monday, November 21st. Royal Bank of Canada raised their target price on Cenovus Energy from C$31.00 to C$32.00 and gave the company an outperform rating in a research note on Thursday, November 3rd. National Bankshares reduced their target price on Cenovus Energy from C$38.00 to C$36.00 in a research note on Friday, September 30th. Finally, Scotiabank reduced their target price on Cenovus Energy from C$34.00 to C$33.00 in a research note on Thursday, October 13th. Ten equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of Buy and an average price target of C$31.07.

Cenovus Energy Trading Down 0.3 %

Shares of CVE stock opened at C$25.66 on Tuesday. The company has a debt-to-equity ratio of 41.92, a quick ratio of 1.00 and a current ratio of 1.55. Cenovus Energy has a fifty-two week low of C$16.52 and a fifty-two week high of C$31.19. The company has a market cap of C$49.24 billion and a PE ratio of 9.83. The stock’s fifty day moving average price is C$26.04 and its two-hundred day moving average price is C$24.71.

Cenovus Energy (TSE:CVE – Get Rating) (NYSE:CVE) last announced its earnings results on Wednesday, November 2nd. The company reported C$0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of C$1.07 by C($0.26). The company had revenue of C$17.47 billion during the quarter, compared to analyst estimates of C$14.34 billion. Equities analysts predict that Cenovus Energy will post 4.0200001 EPS for the current fiscal year.

Cenovus Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 30th. Stockholders of record on Friday, December 30th were paid a $0.105 dividend. The ex-dividend date of this dividend was Wednesday, December 14th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.64%. Cenovus Energy’s payout ratio is presently 10.73%.

Cenovus Energy Company Profile

(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.