Cenovus Energy Inc (CVE) PT Raised to C$21.00 at Raymond James Financial Inc.
CVE has been the topic of several other reports. JPMorgan Chase & Co. raised their target price on Cenovus Energy from C$18.00 to C$19.00 in a report on Monday, July 11th. Royal Bank Of Canada restated an outperform rating and set a C$23.00 target price on shares of Cenovus Energy in a report on Monday, June 20th. TD Securities restated a buy rating and set a C$21.00 target price on shares of Cenovus Energy in a report on Friday, July 29th. Desjardins set a C$24.00 target price on Cenovus Energy in a report on Tuesday, June 28th. Finally, Scotiabank restated an outperform rating and set a C$20.00 target price on shares of Cenovus Energy in a report on Friday, July 29th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of C$20.73.
Shares of Cenovus Energy (TSE:CVE) opened at 20.26 on Wednesday. Cenovus Energy has a 52 week low of $12.74 and a 52 week high of $21.81. The firm has a market cap of $16.88 billion and a PE ratio of 21.90. The firm’s 50-day moving average price is $18.89 and its 200 day moving average price is $18.74.
The company also recently announced a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Thursday, September 15th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date was Tuesday, September 13th.
About Cenovus Energy
Cenovus Energy Inc is a Canada-based integrated oil company. It is engaged in the business of developing, producing and marketing crude oil, natural gas liquids (NGLs) and natural gas. Its segments include Oil Sands, Conventional, Refining and Marketing, and Corporate and Eliminations. The Oil Sands segment includes the development and production of bitumen and natural gas in northeast Alberta.
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