Raymond James set a C$4.00 target price on Cenovus Energy (TSE:CVE) (NYSE:CVE) in a report issued on Tuesday, BayStreet.CA reports. The brokerage currently has a market perform rating on the stock.

Several other research firms have also issued reports on CVE. Canaccord Genuity lowered their price target on Cenovus Energy from C$14.00 to C$6.50 in a research report on Tuesday, March 10th. Stifel Firstegy lowered Cenovus Energy from a buy rating to a hold rating in a research report on Thursday, March 12th. Tudor Pickering reaffirmed a buy rating and issued a C$14.00 price target on shares of Cenovus Energy in a research report on Wednesday, February 12th. JPMorgan Chase & Co. lowered their price target on Cenovus Energy from C$12.00 to C$5.50 in a research report on Wednesday, March 11th. Finally, Tudor Pickering & Holt set a C$14.00 price target on Cenovus Energy and gave the stock a buy rating in a research report on Wednesday, February 12th. One analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of C$9.82.

CVE opened at C$2.66 on Tuesday. The stock has a 50-day moving average price of C$8.30 and a 200-day moving average price of C$11.22. The company has a debt-to-equity ratio of 44.87, a current ratio of 1.30 and a quick ratio of 0.67. The firm has a market cap of $2.94 billion and a PE ratio of 1.49. Cenovus Energy has a 1 year low of C$2.06 and a 1 year high of C$14.31.

Cenovus Energy (TSE:CVE) (NYSE:CVE) last posted its quarterly earnings results on Wednesday, February 12th. The company reported C($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.10 by C($0.23). The firm had revenue of C$4.84 billion during the quarter, compared to analysts’ expectations of C$5.40 billion. As a group, sell-side analysts anticipate that Cenovus Energy will post 0.1945374 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be given a $0.063 dividend. This is a positive change from Cenovus Energy’s previous quarterly dividend of $0.06. The ex-dividend date is Thursday, March 12th. This represents a $0.25 dividend on an annualized basis and a yield of 9.47%. Cenovus Energy’s payout ratio is 11.94%.

About Cenovus Energy

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 (TSE:CVE)

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