Desjardins reaffirmed their hold rating on shares of Cenovus Energy (NYSE:CVE) (TSE:CVE) in a research report report published on Friday, MarketBeat.com reports.

CVE has been the subject of a number of other research reports. Morgan Stanley set a $15.00 target price on shares of Cenovus Energy and gave the stock a buy rating in a research report on Friday, October 13th. Zacks Investment Research cut shares of Cenovus Energy from a hold rating to a sell rating in a research report on Monday, January 8th. Canaccord Genuity reiterated a buy rating and set a $15.50 target price on shares of Cenovus Energy in a research report on Thursday, October 19th. AltaCorp Capital cut shares of Cenovus Energy from an outperform rating to a sector perform rating in a research report on Thursday, November 9th. Finally, Royal Bank of Canada reissued a buy rating and set a $15.00 price objective on shares of Cenovus Energy in a report on Monday, October 16th. Five research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company’s stock. Cenovus Energy has an average rating of Hold and a consensus target price of $14.42.

Shares of Cenovus Energy (CVE) opened at $10.91 on Friday. The stock has a market cap of $13,480.00, a PE ratio of 4.74, a P/E/G ratio of 9.17 and a beta of 0.62. The company has a current ratio of 1.41, a quick ratio of 1.10 and a debt-to-equity ratio of 0.62. Cenovus Energy has a 1 year low of $6.76 and a 1 year high of $15.11.

Cenovus Energy (NYSE:CVE) (TSE:CVE) last announced its earnings results on Thursday, November 2nd. The oil and gas company reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.10. Cenovus Energy had a net margin of 17.45% and a return on equity of 6.19%. analysts expect that Cenovus Energy will post 0.59 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 15th were issued a dividend of $0.039 per share. This represents a $0.16 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date was Thursday, December 14th. Cenovus Energy’s dividend payout ratio is currently 6.96%.

A number of large investors have recently modified their holdings of the business. Bank of Nova Scotia Trust Co. boosted its stake in shares of Cenovus Energy by 2.6% in the 2nd quarter. Bank of Nova Scotia Trust Co. now owns 28,366 shares of the oil and gas company’s stock valued at $209,000 after purchasing an additional 725 shares during the last quarter. Loews Corp boosted its stake in shares of Cenovus Energy by 12.3% in the 2nd quarter. Loews Corp now owns 21,382 shares of the oil and gas company’s stock valued at $158,000 after purchasing an additional 2,334 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Cenovus Energy by 10.4% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 28,827 shares of the oil and gas company’s stock valued at $212,000 after purchasing an additional 2,721 shares during the last quarter. Dynamic Technology Lab Private Ltd boosted its stake in shares of Cenovus Energy by 12.1% in the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 28,063 shares of the oil and gas company’s stock valued at $207,000 after purchasing an additional 3,021 shares during the last quarter. Finally, Westpac Banking Corp boosted its stake in shares of Cenovus Energy by 7.7% in the 2nd quarter. Westpac Banking Corp now owns 58,387 shares of the oil and gas company’s stock valued at $558,000 after purchasing an additional 4,162 shares during the last quarter. 56.78% of the stock is currently owned by hedge funds and other institutional investors.

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Cenovus Energy Company Profile

Analyst Recommendations for Cenovus Energy (NYSE:CVE)

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