Cenovus Energy Inc (CVE) Price Target Raised to C$13.50 at TD Securities
Cenovus Energy Inc (TSE:CVE) (NYSE:CVE) had its target price hoisted by TD Securities from C$12.50 to C$13.50 in a research report sent to investors on Friday. They currently have a hold rating on the stock.
Other research analysts have also recently issued reports about the stock. National Bank Financial lifted 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 report on Tuesday, September 26th. Barclays PLC lifted their price target on shares of Cenovus Energy from C$15.00 to C$17.00 and gave the company an overweight rating in a research report on Tuesday, September 26th. Raymond James Financial, Inc. lifted their price target on shares of Cenovus Energy to C$9.00 and gave the company an underperform rating in a research report on Friday, July 28th. BMO Capital Markets lifted their price target on shares of Cenovus Energy from C$12.00 to C$14.00 in a research report on Friday. Finally, CIBC reduced their price target on shares of Cenovus Energy from C$13.00 to C$11.00 in a research report on Thursday, July 20th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of C$15.85.
Shares of Cenovus Energy (TSE CVE) opened at C$14.27 on Friday. Cenovus Energy has a twelve month low of C$8.89 and a twelve month high of C$22.06.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.20 dividend on an annualized basis and a yield of 1.40%.
In other news, Director Patrick Darold Daniel bought 35,000 shares of Cenovus Energy stock in a transaction dated Monday, November 6th. The shares were acquired at an average cost of C$13.97 per share, with a total value of C$488,950.00.
Cenovus Energy Company Profile
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