Cenovus Energy Inc (CVE) Price Target Raised to C$11.50 at J P Morgan Chase & Co
CVE has been the topic of several other reports. National Bank Financial reduced their target price on Cenovus Energy from C$11.50 to C$11.00 and set a sector perform rating on the stock in a research report on Wednesday, September 6th. TD Securities reduced their target price on Cenovus Energy from C$21.00 to C$20.00 and set a buy rating on the stock in a research report on Tuesday, July 4th. Royal Bank Of Canada reaffirmed an outperform rating and set a C$23.00 target price on shares of Cenovus Energy in a research report on Tuesday, July 4th. Desjardins reduced their target price on Cenovus Energy from C$20.00 to C$14.00 and set a buy rating on the stock in a research report on Wednesday, June 21st. Finally, CIBC reduced their target price on Cenovus Energy from C$18.00 to C$13.00 in a research report on Wednesday, June 21st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. Cenovus Energy currently has an average rating of Buy and a consensus price target of C$16.71.
Cenovus Energy (TSE:CVE) traded down 1.17% during midday trading on Thursday, hitting $10.98. The company had a trading volume of 7,442,826 shares. Cenovus Energy has a 52 week low of $8.89 and a 52 week high of $22.06. The stock has a market capitalization of $13.49 billion and a PE ratio of 3.69. The stock has a 50 day moving average price of $9.99 and a 200-day moving average price of $12.25.
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The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be paid a dividend of $0.05 per share. The ex-dividend date is Thursday, September 14th. This represents a $0.20 annualized dividend and a yield of 1.80%.
In other news, insider Ivor Melvin Ruste purchased 10,000 shares of the company’s stock in a transaction on Thursday, July 6th. The shares were acquired at an average price of C$9.16 per share, for a total transaction of C$91,600.00.
Cenovus Energy Company Profile
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