Eight Capital set a C$15.00 price target on Cenovus Energy (TSE:CVE) (NYSE:CVE) in a research note issued to investors on Thursday. The brokerage currently has a neutral rating on the stock.

Several other research firms have also weighed in on CVE. AltaCorp Capital lowered Cenovus Energy from an outperform rating to a sector perform rating in a research note on Thursday, November 9th. CIBC raised their price objective on Cenovus Energy from C$14.50 to C$16.00 in a research note on Tuesday, November 14th. TD Securities raised their price objective on Cenovus Energy from C$12.50 to C$13.50 and gave the company a hold rating in a research note on Friday, November 3rd. BMO Capital Markets raised their price objective on Cenovus Energy from C$12.00 to C$14.00 in a research note on Friday, November 3rd. Finally, JPMorgan Chase & Co. raised their price objective on Cenovus Energy from C$12.50 to C$14.00 in a research note on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. The company presently has an average rating of Hold and an average target price of C$15.40.

Cenovus Energy (TSE:CVE) traded down C$0.09 on Thursday, hitting C$13.60. The stock had a trading volume of 4,372,908 shares, compared to its average volume of 3,856,146. The firm has a market cap of $16,710.00, a price-to-earnings ratio of 4.76 and a beta of 0.26. Cenovus Energy has a 12 month low of C$8.89 and a 12 month high of C$19.73.

The company also recently declared a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date was Thursday, December 14th. Cenovus Energy’s payout ratio is 6.99%.

In other news, Director Alex Pourbaix purchased 81,433 shares of the business’s stock in a transaction dated Tuesday, November 21st. The shares were purchased at an average cost of C$12.28 per share, with a total value of C$999,997.24. Also, insider Ivor Melvin Ruste purchased 30,000 shares of the business’s stock in a transaction dated Monday, November 20th. The shares were purchased at an average cost of C$12.47 per share, for a total transaction of C$374,100.00. Insiders have bought 153,633 shares of company stock worth $1,967,303 over the last three months.

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