Cenovus Energy Inc. (NYSE:CVE) shares traded down 2.7% on Monday . The stock traded as low as $14.92 and last traded at $15.03, with a volume of 581,380 shares trading hands. The stock had previously closed at $15.44.

Several research analysts recently weighed in on the company. Goldman Sachs Group Inc. reaffirmed a “conviction-buy” rating on shares of Cenovus Energy in a research note on Wednesday, June 8th. National Bank Financial reaffirmed an “outperform” rating and set a $22.00 target price (up previously from $19.00) on shares of Cenovus Energy in a research note on Sunday, May 1st. TD Securities reaffirmed a “buy” rating and set a $22.00 target price (up previously from $21.00) on shares of Cenovus Energy in a research note on Sunday, May 1st. Barclays PLC reaffirmed an “underweight” rating and set a $20.00 target price (up previously from $19.00) on shares of Cenovus Energy in a research note on Sunday, May 1st. Finally, Bank of America Corp. assumed coverage on Cenovus Energy in a research note on Friday. They set a “neutral” rating and a $17.00 target price for the company. Seven research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $20.21.

The stock has a market capitalization of $12.58 billion and a P/E ratio of 21.15. The firm has a 50 day moving average price of $14.29 and a 200-day moving average price of $13.69.

Cenovus Energy (NYSE:CVE) last released its earnings results on Thursday, July 28th. The company reported ($0.05) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.14) by $0.09. During the same period last year, the firm earned $0.18 earnings per share. On average, analysts anticipate that Cenovus Energy Inc. will post ($0.61) earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Thursday, September 15th will be paid a $0.0378 dividend. The ex-dividend date of this dividend is Tuesday, September 13th. This represents a $0.15 annualized dividend and a dividend yield of 1.00%.

An institutional investor recently bought a new position in Cenovus Energy stock. Trexquant Investment LP bought a new stake in shares of Cenovus Energy Inc. (NYSE:CVE) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 83,513 shares of the company’s stock, valued at approximately $1,054,000.

Cenovus Energy Inc (Cenovus) is an integrated oil company. The Company is engaged in the business of developing, producing and marketing crude oil, natural gas liquids (NGLs) and natural gas in Canada with marketing activities and refining operations in the United States. The Company’s segments include Oil Sands, Conventional, Refining and Marketing, and Corporate and Eliminations.

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