Eight Capital set a C$15.00 target price on Cenovus Energy (TSE:CVE) (NYSE:CVE) in a report released on Thursday. The firm currently has a neutral rating on the stock.

A number of other brokerages have also recently weighed in on CVE. National Bank Financial raised their price target on Cenovus Energy from C$12.50 to C$13.00 and gave the company a sector perform rating in a research report on Friday, October 20th. BMO Capital Markets raised their price target on Cenovus Energy from C$12.00 to C$14.00 in a research report on Friday, November 3rd. Canaccord Genuity raised their price target on Cenovus Energy from C$14.50 to C$15.00 in a research report on Tuesday, September 26th. TD Securities raised their price target on Cenovus Energy from C$12.50 to C$13.50 and gave the company a hold rating in a research report on Friday, November 3rd. Finally, Scotiabank cut Cenovus Energy from an outperform rating to a sector perform rating and set a C$14.00 price target for the company. in a research report on Wednesday, November 15th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. The company has an average rating of Hold and an average price target of C$15.40.

Cenovus Energy (TSE CVE) opened at C$13.60 on Thursday. The stock has a market capitalization of $16,710.00, a price-to-earnings ratio of 4.76 and a beta of 0.26. Cenovus Energy has a 52-week low of C$8.89 and a 52-week high of C$19.73.

The company also recently declared a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date of this dividend was Thursday, December 14th. Cenovus Energy’s dividend payout ratio is currently 6.99%.

In related news, Director Alex Pourbaix acquired 81,433 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The shares were acquired at an average price of C$12.28 per share, with a total value of C$999,997.24. Also, Director Patrick Darold Daniel acquired 35,000 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The shares were bought at an average cost of C$13.97 per share, for a total transaction of C$488,950.00. In the last 90 days, insiders bought 153,633 shares of company stock valued at $1,967,303.

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Cenovus Energy Company Profile

Analyst Recommendations for Cenovus Energy (TSE:CVE)

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