Shares of Cenovus Energy Inc (NYSE:CVE) (TSE:CVE) have received a consensus recommendation of “Hold” from the eighteen analysts that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $13.83.

Several equities analysts have issued reports on CVE shares. GMP Securities reissued a “buy” rating and issued a $17.50 price objective on shares of Cenovus Energy in a research note on Thursday, April 25th. ValuEngine cut shares of China Southern Airlines from a “hold” rating to a “sell” rating in a research note on Monday, April 29th. Finally, Goldman Sachs Group lifted their price objective on shares of MEG Energy from C$6.00 to C$7.00 in a research note on Tuesday, April 16th.

Several hedge funds and other institutional investors have recently modified their holdings of CVE. Marshall Wace LLP acquired a new stake in Cenovus Energy in the 1st quarter worth approximately $25,000. SeaBridge Investment Advisors LLC bought a new stake in shares of Cenovus Energy in the first quarter worth about $26,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Cenovus Energy by 8.5% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 14,989 shares of the oil and gas company’s stock worth $130,000 after acquiring an additional 1,168 shares in the last quarter. Quadrant Capital Group LLC increased its holdings in shares of Cenovus Energy by 164.9% in the first quarter. Quadrant Capital Group LLC now owns 14,996 shares of the oil and gas company’s stock worth $128,000 after acquiring an additional 9,334 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of Cenovus Energy in the first quarter worth about $188,000. Institutional investors and hedge funds own 76.08% of the company’s stock.

Shares of CVE traded up $0.10 on Friday, hitting $9.48. 477,074 shares of the stock traded hands, compared to its average volume of 3,091,657. The stock has a market cap of $11.54 billion, a P/E ratio of -5.48, a PEG ratio of 2.77 and a beta of 0.97. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.10 and a quick ratio of 0.65. The firm has a 50 day simple moving average of $8.69. Cenovus Energy has a one year low of $6.15 and a one year high of $10.65.

Cenovus Energy (NYSE:CVE) (TSE:CVE) last announced its quarterly earnings results on Wednesday, April 24th. The oil and gas company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.08). Cenovus Energy had a negative return on equity of 11.69% and a negative net margin of 8.68%. The company had revenue of $3.91 billion during the quarter, compared to analysts’ expectations of $3.75 billion. During the same quarter in the previous year, the firm earned ($0.74) EPS. On average, equities research analysts forecast that Cenovus Energy will post 0.58 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were paid a dividend of $0.0373 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date of this dividend was Thursday, June 13th. Cenovus Energy’s dividend payout ratio is currently -8.62%.

Cenovus Energy Company Profile

Cenovus Energy Inc, together with its subsidiaries, develops, produces, and markets crude oil, natural gas liquids, and natural gas in Canada and the United States. The company's Oil Sands segment develops and produces bitumen in northeast Alberta. This segment's bitumen assets include Foster Creek, Christina Lake, and Narrows Lake, as well as other projects in the early stages of development, such as Telephone Lake.

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Analyst Recommendations for Cenovus Energy (NYSE:CVE)

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