Brokerages Set Cenovus Energy Inc (CVE) PT at $21.07
Cenovus Energy Inc (TSE:CVE) has been assigned a consensus recommendation of “Buy” from the fifteen research firms that are currently covering the stock. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and six have given a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is C$21.07.
CVE has been the subject of a number of research analyst reports. Raymond James Financial Inc. lifted their price objective on shares of Cenovus Energy from C$19.00 to C$21.00 in a research report on Wednesday, October 12th. JPMorgan Chase & Co. boosted their target price on shares of Cenovus Energy from C$18.00 to C$19.00 in a research report on Monday, July 11th. Desjardins set a C$24.00 target price on shares of Cenovus Energy in a research report on Tuesday, June 28th. TD Securities reissued a “buy” rating and issued a C$21.00 target price on shares of Cenovus Energy in a research report on Friday, July 29th. Finally, Scotiabank reissued an “outperform” rating and issued a C$20.00 target price on shares of Cenovus Energy in a research report on Friday, July 29th.
Shares of Cenovus Energy (TSE:CVE) opened at 20.26 on Thursday. The firm’s 50-day moving average is $18.89 and its 200-day moving average is $18.74. Cenovus Energy has a one year low of $12.74 and a one year high of $21.81. The company has a market cap of $16.88 billion and a price-to-earnings ratio of 21.90.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Thursday, September 15th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend 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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