Cenovus Energy (TSE:CVE) (NYSE:CVE) had its price target decreased by Citigroup from C$15.00 to C$13.00 in a research note issued to investors on Thursday, BayStreet.CA reports.

CVE has been the subject of several other research reports. CIBC increased their price objective on shares of Cenovus Energy from C$12.50 to C$16.00 in a research report on Tuesday, April 23rd. Cormark increased their price objective on shares of Cenovus Energy from C$12.50 to C$14.50 in a research report on Tuesday, April 23rd. National Bank Financial increased their price objective on shares of Cenovus Energy from C$17.50 to C$19.00 and gave the company an outperform rating in a research report on Thursday, April 25th. UBS Group lowered their price objective on shares of Cenovus Energy from C$13.00 to C$12.50 in a research report on Thursday. Finally, BMO Capital Markets lowered their price objective on shares of Cenovus Energy from C$16.00 to C$15.00 in a research report on Friday, June 14th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock has an average rating of Buy and an average target price of C$14.97.

CVE opened at C$11.66 on Thursday. The firm has a market cap of $14.60 billion and a P/E ratio of -7.52. Cenovus Energy has a fifty-two week low of C$8.74 and a fifty-two week high of C$14.84. The company has a debt-to-equity ratio of 56.55, a current ratio of 1.10 and a quick ratio of 0.65.

Cenovus Energy (TSE:CVE) (NYSE:CVE) last posted its earnings results on Wednesday, April 24th. The company reported C$0.06 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.17 by C($0.11). The company had revenue of C$5.20 billion for the quarter, compared to the consensus estimate of C$5.01 billion. As a group, research analysts predict that Cenovus Energy will post 0.8492772 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a dividend of $0.05 per share. The ex-dividend date is Thursday, June 13th. This represents a $0.20 annualized dividend and a yield of 1.72%. Cenovus Energy’s dividend payout ratio (DPR) is currently -12.89%.

In other Cenovus Energy news, Director Keith A.J. Macphail acquired 14,000 shares of the stock in a transaction on Friday, April 26th. The stock was acquired at an average price of C$13.46 per share, for a total transaction of C$188,440.00. Following the completion of the transaction, the director now directly owns 172,000 shares of the company’s stock, valued at C$2,315,120.

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

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Analyst Recommendations for Cenovus Energy (TSE:CVE)

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