Cenovus Energy Inc (CVE) Price Target Raised to C$21.00 at Raymond James Financial Inc.
Several other brokerages also recently weighed in on CVE. TD Securities downgraded Cenovus Energy from a buy rating to a hold rating and set a C$21.00 target price on the stock. in a research note on Wednesday, August 10th. Royal Bank Of Canada reaffirmed an outperform rating and set a C$23.00 target price on shares of Cenovus Energy in a research note on Monday, June 20th. Desjardins set a C$24.00 target price on Cenovus Energy in a research note on Tuesday, June 28th. JPMorgan Chase & Co. lifted their target price on Cenovus Energy from C$18.00 to C$19.00 in a research note on Monday, July 11th. Finally, Scotiabank reaffirmed an outperform rating and set a C$20.00 target price on shares of Cenovus Energy in a research note on Friday, July 29th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company. Cenovus Energy has a consensus rating of Hold and a consensus target price of C$20.73.
Shares of Cenovus Energy (TSE:CVE) opened at 20.29 on Wednesday. Cenovus Energy has a 12 month low of $12.74 and a 12 month high of $21.81. The stock has a market capitalization of $16.91 billion and a P/E ratio of 21.94. The stock has a 50 day moving average price of $18.80 and a 200 day moving average price of $18.65.
The company also recently disclosed 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. The ex-dividend date of this dividend was Tuesday, September 13th. This represents a $0.20 dividend on an annualized basis and a yield of 0.99%.
Cenovus Energy Company Profile
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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