Cenovus Energy (TSE:CVE) (NYSE:CVE) had its price target decreased by GMP Securities from C$15.00 to C$14.50 in a research report released on Friday, BayStreet.CA reports.
Other analysts have also recently issued research reports about the company. UBS Group raised to a neutral rating and increased their target price for the company from GBX 945 ($12.35) to GBX 2,060 ($26.92) in a research report on Thursday, June 20th. BMO Capital Markets reaffirmed a hold rating and set a $9.50 target price on shares of Vicon Industries in a research report on Friday, June 14th. Royal Bank of Canada reaffirmed a buy rating and set a $2.50 target price on shares of in a research report on Thursday, July 18th. Raymond James cut Consolidated Communications to a market perform rating in a research report on Thursday, April 25th. Finally, Cormark dropped their target price on Prairie Provident Resources from C$0.45 to C$0.40 in a research report on Tuesday, April 23rd. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Cenovus Energy currently has an average rating of Buy and an average price target of C$14.57.
CVE opened at C$11.70 on Friday. The business’s fifty day moving average price is C$11.85. The stock has a market cap of $14.93 billion and a P/E ratio of 48.35. Cenovus Energy has a 52 week low of C$8.74 and a 52 week high of C$14.26. The company has a debt-to-equity ratio of 45.66, a current ratio of 1.02 and a quick ratio of 0.53.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be given a $0.05 dividend. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.71%. Cenovus Energy’s payout ratio is 82.64%.
Cenovus Energy Company Profile
Cenovus Energy Inc, together with its subsidiaries, develops, produces, and markets crude oil, natural gas liquids, and natural gas in Canada and the United States. The company's Oil Sands segment develops and produces bitumen in northeast Alberta. This segment's bitumen assets include Foster Creek, Christina Lake, and Narrows Lake, as well as other projects in the early stages of development, such as Telephone Lake.
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