AltaCorp Capital downgraded shares of Cenovus Energy Inc (TSE:CVE) (NYSE:CVE) from an outperform rating to a sector perform rating in a report published on Thursday.

Several other brokerages have also commented on CVE. BMO Capital Markets raised their price target on shares of Cenovus Energy from C$12.00 to C$14.00 in a research note on Friday, November 3rd. J P Morgan Chase & Co raised their price target on shares of Cenovus Energy from C$12.50 to C$14.00 in a research note on Friday, November 3rd. TD Securities raised their price target on shares of Cenovus Energy from C$12.50 to C$13.50 and gave the company a hold rating in a research note on Friday, November 3rd. National Bank Financial raised their price target on shares of Cenovus Energy from C$11.00 to C$12.50 and gave the company a sector perform rating in a research note on Tuesday, September 26th. Finally, Canaccord Genuity raised their price target on shares of Cenovus Energy from C$14.50 to C$15.00 in a research note on Tuesday, September 26th. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of C$15.85.

Shares of Cenovus Energy (TSE:CVE) traded down C$0.16 during trading hours on Thursday, hitting C$14.28. 5,380,693 shares of the company’s stock traded hands, compared to its average volume of 3,774,113. Cenovus Energy has a 12 month low of C$8.89 and a 12 month high of C$22.06.

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The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.40%. The ex-dividend date is Thursday, December 14th. Cenovus Energy’s dividend payout ratio (DPR) is presently 6.99%.

In other Cenovus Energy news, Director Rhonda Ivy Zygocki bought 7,200 shares of Cenovus Energy stock in a transaction that occurred on Wednesday, November 8th. The stock was purchased at an average cost of C$14.48 per share, for a total transaction of C$104,256.00. Also, Director Patrick Darold Daniel bought 35,000 shares of Cenovus Energy stock in a transaction that occurred on Monday, November 6th. The shares were acquired at an average price of C$13.97 per share, with a total value of C$488,950.00.

Cenovus Energy Company Profile

Analyst Recommendations for Cenovus Energy (TSE:CVE)

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