Tudor Pickering & Holt set a C$12.00 target price on Cenovus Energy (TSE:CVE) (NYSE:CVE) in a research report report published on Tuesday morning, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.
CVE has been the topic of a number of other reports. Citigroup raised their price target on Cenovus Energy from C$8.00 to C$11.00 in a report on Monday, January 25th. TD Securities decreased their price target on Cenovus Energy from C$10.50 to C$10.00 and set a buy rating on the stock in a report on Friday, January 29th. Raymond James raised their price target on Cenovus Energy from C$10.00 to C$15.00 and gave the company an outperform rating in a report on Wednesday, March 17th. CIBC reissued an outperform rating and set a C$11.00 price target on shares of Cenovus Energy in a report on Friday, January 15th. Finally, UBS Group reissued a market perform rating on shares of Cenovus Energy in a report on Friday, January 8th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average price target of C$10.42.
Shares of TSE:CVE opened at C$9.45 on Tuesday. Cenovus Energy has a 52-week low of C$3.37 and a 52-week high of C$10.77. The firm has a market capitalization of C$19.07 billion and a P/E ratio of -4.87. The stock has a 50 day moving average price of C$9.84 and a 200-day moving average price of C$7.53. The company has a debt-to-equity ratio of 55.78, a quick ratio of 0.67 and a current ratio of 1.26.
Cenovus Energy (TSE:CVE) (NYSE:CVE) last issued its earnings results on Tuesday, February 9th. The company reported C($0.45) EPS for the quarter, missing the consensus estimate of C($0.08) by C($0.37). The business had revenue of C$3.57 billion during the quarter. On average, equities analysts forecast that Cenovus Energy will post 0.7207571 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, March 31st. Stockholders of record on Monday, March 15th were paid a dividend of $0.018 per share. This represents a $0.07 annualized dividend and a dividend yield of 0.76%. The ex-dividend date was Friday, March 12th. Cenovus Energy’s payout ratio is currently -3.22%.
About Cenovus Energy
Cenovus Energy Inc, together with its subsidiaries, develops, produces, and markets crude oil, natural gas liquids, and natural gas in Canada, the United States and the Asia Pacific region. The company operates through Oil Sands, Conventional, and Refining and Marketing segments. The Oil Sands segment develops and produces bitumen in northeast Alberta.
Further Reading: Most Active Stocks: Dollar Volume vs Share Volume
Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.