Cenovus Energy Inc (TSE:CVE) (NYSE:CVE) – Research analysts at National Bank Financial issued their FY2020 earnings estimates for Cenovus Energy in a note issued to investors on Wednesday, February 13th. National Bank Financial analyst T. Wood forecasts that the company will post earnings of $0.88 per share for the year. National Bank Financial has a “Outperform” rating and a $14.50 price objective on the stock.

CVE has been the subject of several other reports. TD Securities upped their target price on Cenovus Energy from C$14.00 to C$15.00 and gave the company a “buy” rating in a research note on Thursday, November 1st. Barclays dropped their target price on Cenovus Energy from C$17.00 to C$16.00 in a research note on Thursday, January 10th. GMP Securities dropped their target price on Cenovus Energy from C$17.00 to C$14.00 in a research note on Thursday, December 13th. Canaccord Genuity dropped their price target on Cenovus Energy from C$13.50 to C$12.50 in a research note on Tuesday, November 20th. Finally, CIBC dropped their price target on Cenovus Energy from C$17.00 to C$14.50 in a research note on Thursday, November 22nd. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of C$14.23.

Cenovus Energy stock opened at C$11.48 on Friday. The firm has a market capitalization of $12.20 billion and a P/E ratio of -5.29. Cenovus Energy has a 52 week low of C$8.74 and a 52 week high of C$14.84. The company has a quick ratio of 0.67, a current ratio of 1.23 and a debt-to-equity ratio of 52.46.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 15th will be paid a dividend of $0.05 per share. The ex-dividend date is Thursday, March 14th. This represents a $0.20 annualized dividend and a yield of 1.74%. Cenovus Energy’s dividend payout ratio is presently -9.21%.

In other news, insider Alan Craig Reid purchased 5,000 shares of the company’s stock in a transaction on Thursday, December 13th. The stock was bought at an average cost of C$10.56 per share, for a total transaction of C$52,800.00. Also, insider Jonathan Michael Mckenzie purchased 25,000 shares of the company’s stock in a transaction on Wednesday, November 21st. The shares were purchased at an average price of C$10.23 per share, with a total value of C$255,750.00. Insiders have acquired 42,121 shares of company stock valued at $409,801 over the last 90 days.

About Cenovus Energy

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 and natural gas in northeast Alberta. This segment's bitumen assets include Foster Creek, Christina Lake, and Narrows Lake, as well as projects in the early stages of development, such as Telephone Lake.

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