A number of firms have modified their ratings and price targets on shares of Cenovus Energy (NYSE: CVE) recently:

  • 7/13/2017 – Cenovus Energy was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 7/12/2017 – Cenovus Energy had its “overweight” rating reaffirmed by analysts at Barclays PLC. They now have a $22.00 price target on the stock, up previously from $15.00.
  • 7/12/2017 – Cenovus Energy was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Cenovus Energy is an integrated oil company headquartered in Calgary, Alberta. The Company’s operations include their growing enhanced oil projects and established natural gas and crude oil production in Alberta and Saskatchewan. The Company has four top-quality enhanced oil projects: Foster Creek, Christina Lake, Pelican Lake and Weyburn. Foster Creek, Christina Lake and Pelican Lake are located in northeast Alberta, and Weyburn is in Saskatchewan. The Company also has ownership interest in two high-quality refineries in Illinois and Texas. Cenovus Energy’s ongoing objective is to advance technologies that reduce the amount of water, steam, natural gas and electricity used in their operations and to decrease surface land disturbance. “
  • 7/5/2017 – Cenovus Energy was downgraded by analysts at UBS AG from a “market perform” rating to an “underperform” rating.
  • 7/5/2017 – Cenovus Energy was downgraded by analysts at Raymond James Financial, Inc. from a “market perform” rating to an “underperform” rating.
  • 6/27/2017 – Cenovus Energy is now covered by analysts at National Bank Financial. They set a “sector perform” rating on the stock.
  • 6/22/2017 – Cenovus Energy had its “neutral” rating reaffirmed by analysts at Goldman Sachs Group, Inc. (The). They now have a $8.00 price target on the stock.
  • 6/22/2017 – Cenovus Energy was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 6/21/2017 – Cenovus Energy was downgraded by analysts at Macquarie from a “neutral” rating to an “underperform” rating.
  • 6/21/2017 – Cenovus Energy was upgraded by analysts at Canaccord Genuity from a “hold” rating to a “buy” rating.
  • 6/14/2017 – Cenovus Energy was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 6/2/2017 – Cenovus Energy was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 5/26/2017 – Cenovus Energy had its “outperform” rating reaffirmed by analysts at Credit Suisse Group.

Cenovus Energy Inc (CVE) opened at 7.41 on Tuesday. The stock’s 50 day moving average price is $8.48 and its 200 day moving average price is $11.79. Cenovus Energy Inc has a 52 week low of $6.76 and a 52 week high of $16.82. The company’s market capitalization is $6.17 billion.

Cenovus Energy (NYSE:CVE) (TSE:CVE) last announced its quarterly earnings data on Wednesday, April 26th. The oil and gas company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.02 by $0.06. Cenovus Energy had a negative net margin of 1.64% and a positive return on equity of 0.03%. The firm had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $3.21 billion. During the same period last year, the company posted ($0.51) earnings per share. Analysts anticipate that Cenovus Energy Inc will post $0.17 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Thursday, June 15th were issued a $0.0371 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date of this dividend was Tuesday, June 13th. Cenovus Energy’s payout ratio is currently -71.43%.

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