Shares of Cenovus Energy Inc (TSE:CVE) (NYSE:CVE) have received a consensus rating of “Buy” from the fourteen research firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is C$15.38.

A number of equities analysts have recently commented on CVE shares. CIBC lifted their target price on shares of Cenovus Energy from C$12.50 to C$16.00 in a report on Tuesday, April 23rd. GMP Securities raised their price objective on Cenovus Energy from C$17.00 to C$17.50 in a research note on Thursday, April 25th. Cormark raised their price objective on Cenovus Energy from C$12.50 to C$14.50 in a research note on Tuesday, April 23rd. BMO Capital Markets raised their price objective on Cenovus Energy from C$13.50 to C$15.00 and gave the company an “outperform” rating in a research note on Thursday, February 14th. Finally, National Bank Financial raised their price objective on Cenovus Energy from C$17.50 to C$19.00 and gave the company an “outperform” rating in a research note on Thursday, April 25th.

CVE stock traded down C$0.16 during midday trading on Friday, reaching C$11.01. 1,317,317 shares of the company were exchanged, compared to its average volume of 3,973,798. The company has a current ratio of 1.10, a quick ratio of 0.65 and a debt-to-equity ratio of 56.55. Cenovus Energy has a 1-year low of C$8.74 and a 1-year high of C$14.84. The stock has a market cap of $13.49 billion and a P/E ratio of -7.13.

Cenovus Energy (TSE:CVE) (NYSE:CVE) last announced its earnings results on Wednesday, April 24th. The company reported C$0.06 EPS for the quarter, missing analysts’ consensus estimates of C$0.17 by C($0.11). The firm had revenue of C$5.20 billion for the quarter, compared to analyst estimates of C$5.01 billion. On average, equities research analysts predict that Cenovus Energy will post 0.8599999 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.82%. The ex-dividend date is Thursday, June 13th. Cenovus Energy’s dividend payout ratio is currently -12.89%.

In other Cenovus Energy news, Director Keith A.J. Macphail purchased 14,000 shares of the company’s stock in a transaction on Friday, April 26th. The shares were bought at an average cost of C$13.46 per share, with a total value of C$188,440.00. Following the transaction, the director now directly owns 172,000 shares in the company, valued at approximately C$2,315,120.

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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