Cenovus Energy Inc (TSE:CVE) (NYSE:CVE) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $11.72 and traded as high as $12.24. Cenovus Energy shares last traded at $12.22, with a volume of 2,455,085 shares changing hands.

CVE has been the subject of several recent analyst reports. CIBC cut their target price on Cenovus Energy from C$16.50 to C$16.00 in a research note on Tuesday, October 15th. Royal Bank of Canada decreased their price target on Cenovus Energy from C$17.00 to C$15.00 in a research note on Friday, October 18th. TD Securities upped their price target on Cenovus Energy from C$14.00 to C$15.00 and gave the company a “buy” rating in a research note on Monday, November 25th. National Bank Financial increased their price target on Cenovus Energy from C$16.00 to C$18.00 and gave the stock an “outperform” rating in a report on Wednesday, October 2nd. Finally, Citigroup raised their price objective on Cenovus Energy from C$13.00 to C$15.00 in a research report on Tuesday, October 8th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of C$14.87.

The stock has a market cap of $13.95 billion and a price-to-earnings ratio of 21.08. The company has a current ratio of 1.12, a quick ratio of 0.60 and a debt-to-equity ratio of 46.38. The company’s fifty day moving average is C$11.74 and its two-hundred day moving average is C$11.72.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a yield of 2.03%. This is a boost from Cenovus Energy’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Thursday, December 12th. Cenovus Energy’s dividend payout ratio is 34.19%.

Cenovus Energy Company Profile (TSE:CVE)

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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