Cenovus Energy Inc (CVE) Price Target Raised to C$11.50 at National Bank Financial
CVE has been the subject of several other research reports. Scotiabank reissued an outperform rating and set a C$20.00 target price on shares of Cenovus Energy in a research note on Monday, April 24th. BMO Capital Markets cut their target price on Cenovus Energy from C$20.00 to C$17.00 and set a market perform rating for the company in a research note on Friday, April 7th. J P Morgan Chase & Co cut their target price on Cenovus Energy from C$21.00 to C$19.00 in a research note on Friday, March 31st. Barclays PLC cut their target price on Cenovus Energy from C$24.00 to C$22.00 in a research note on Tuesday, April 11th. Finally, Raymond James Financial, Inc. cut their target price on Cenovus Energy from C$23.00 to C$18.00 and set a market perform rating for the company in a research note on Thursday, March 30th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of Buy and an average target price of C$17.93.
Cenovus Energy (TSE CVE) opened at 10.47 on Friday. Cenovus Energy has a 52-week low of $8.89 and a 52-week high of $22.06. The stock’s 50 day moving average price is $9.75 and its 200 day moving average price is $14.20. The company has a market cap of $12.87 billion and a P/E ratio of 3.52.
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The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be paid a $0.05 dividend. The ex-dividend date is Thursday, September 14th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.91%.
In other news, Director Brian Charles Ferguson acquired 4,600 shares of the company’s stock in a transaction dated Monday, May 8th. The stock was acquired at an average cost of C$13.06 per share, with a total value of C$60,076.00. Also, Director Ian William Delaney acquired 25,000 shares of the company’s stock in a transaction dated Thursday, May 4th. The stock was purchased at an average cost of C$12.96 per share, with a total value of C$324,000.00. Insiders bought 143,400 shares of company stock valued at $1,822,104 over the last ninety days.
About Cenovus Energy
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