Cenovus Energy Inc (TSE:CVE) (NYSE:CVE) declared a quarterly dividend on Tuesday, February 12th, Zacks reports. Shareholders of record on Friday, March 15th will be paid a dividend of 0.05 per share on Friday, March 29th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date of this dividend is Thursday, March 14th.

Shares of Cenovus Energy stock opened at C$11.57 on Wednesday. Cenovus Energy has a 1-year low of C$8.74 and a 1-year 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 has a market cap of $14.22 billion and a PE ratio of -5.33.

Cenovus Energy (TSE:CVE) (NYSE:CVE) last issued its quarterly earnings results on Wednesday, February 13th. The company reported C($1.36) earnings per share for the quarter, missing the Zacks’ consensus estimate of C($0.21) by C($1.15). The firm had revenue of C$4.55 billion for the quarter, compared to the consensus estimate of C$5.03 billion. On average, research analysts forecast that Cenovus Energy will post 0.720000036654547 earnings per share for the current year.

In related news, insider Harold N. Kvisle acquired 5,000 shares of the company’s stock in a transaction that occurred on Thursday, December 27th. The stock was acquired at an average price of C$9.15 per share, with a total value of C$45,750.00. Following the purchase, the insider now directly owns 56,000 shares in the company, valued at C$512,400.

A number of analysts have recently weighed in on the stock. Raymond James cut their price target on shares of Cenovus Energy from C$13.00 to C$12.00 and set a “market perform” rating for the company in a report on Thursday, February 14th. BMO Capital Markets upped their price target on shares of Cenovus Energy from C$13.50 to C$15.00 and gave the stock an “outperform” rating in a report on Thursday, February 14th. National Bank Financial upped their price target on shares of Cenovus Energy from C$14.00 to C$14.50 and gave the stock an “outperform” rating in a report on Thursday, February 14th. Barclays cut their price target on shares of Cenovus Energy from C$17.00 to C$16.00 in a report on Thursday, January 10th. Finally, Canaccord Genuity cut their price target on shares of Cenovus Energy from C$12.50 to C$12.00 in a report on Thursday, January 10th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of C$14.23.

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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 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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Dividend History for Cenovus Energy (TSE:CVE)

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