Cenovus Energy (TSE:CVE) (NYSE:CVE) had its price target upped by Citigroup from C$10.00 to C$13.00 in a report released on Monday.

Several other equities analysts also recently issued reports on the stock. Scotiabank downgraded shares of Cenovus Energy from an outperform rating to a sector perform rating and set a C$14.00 price objective for the company. in a research note on Wednesday, November 15th. National Bank Financial decreased their price objective on shares of Cenovus Energy from C$11.50 to C$11.00 and set a sector perform rating for the company in a research note on Wednesday, September 6th. AltaCorp Capital downgraded shares of Cenovus Energy from an outperform rating to a sector perform rating in a research note on Thursday, November 9th. CIBC upped their price objective on shares of Cenovus Energy from C$14.50 to C$16.00 in a research note on Tuesday, November 14th. Finally, Canaccord Genuity upped their price objective on shares of Cenovus Energy from C$14.00 to C$14.50 in a research note on Wednesday, September 6th. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of Hold and an average target price of C$15.32.

Cenovus Energy (TSE CVE) opened at C$11.92 on Monday. Cenovus Energy has a 12 month low of C$8.89 and a 12 month high of C$21.41.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.20 annualized dividend and a dividend yield of 1.68%. Cenovus Energy’s dividend payout ratio (DPR) is 6.99%.

In other news, Director Patrick Darold Daniel acquired 35,000 shares of Cenovus Energy stock in a transaction that occurred on Monday, November 6th. The stock was purchased at an average price of C$13.97 per share, for a total transaction of C$488,950.00. Also, Director Rhonda Ivy Zygocki acquired 7,200 shares of Cenovus Energy stock in a transaction that occurred on Wednesday, November 8th. The stock was purchased at an average price of C$14.48 per share, with a total value of C$104,256.00. Insiders have bought 153,633 shares of company stock valued at $1,967,303 in the last quarter.

WARNING: This news story was first posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this news story on another domain, it was copied illegally and reposted in violation of US & international trademark & copyright laws. The legal version of this news story can be viewed at https://www.thecerbatgem.com/2017/12/14/citigroup-raises-cenovus-energy-cve-price-target-to-c13-00.html.

About Cenovus Energy

Analyst Recommendations for Cenovus Energy (TSE:CVE)

Receive News & Stock Ratings for Cenovus Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cenovus Energy and related stocks with our FREE daily email newsletter.