Cenovus Energy (TSE:CVE – Get Rating) (NYSE:CVE) had its target price trimmed by National Bankshares from C$39.00 to C$38.00 in a research report sent to investors on Tuesday morning, BayStreet.CA reports.
CVE has been the topic of a number of other reports. CIBC reduced their target price on shares of Cenovus Energy from C$32.00 to C$31.00 in a research report on Tuesday, January 17th. Raymond James dropped their price target on shares of Cenovus Energy from C$33.00 to C$32.00 in a research note on Monday, January 16th. JPMorgan Chase & Co. restated a focus stock rating on shares of Cenovus Energy in a research note on Wednesday, February 1st. Veritas Investment Research restated a buy rating on shares of Cenovus Energy in a research note on Friday, February 17th. Finally, Scotiabank cut shares of Cenovus Energy from an outperform rating to a sector perform rating in a research note on Friday, April 14th. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of Buy and a consensus target price of C$32.62.
Get Cenovus Energy alerts:Cenovus Energy Stock Down 0.9 %
TSE:CVE opened at C$23.69 on Tuesday. The firm's 50-day moving average price is C$24.15 and its 200-day moving average price is C$25.34. The company has a market capitalization of C$45.25 billion, a PE ratio of 7.40, a P/E/G ratio of 0.09 and a beta of 2.93. The company has a debt-to-equity ratio of 42.20, a current ratio of 1.55 and a quick ratio of 1.00. Cenovus Energy has a 1-year low of C$19.90 and a 1-year high of C$31.19.
Cenovus Energy Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, March 31st. Investors of record on Friday, March 31st were issued a $0.105 dividend. This represents a $0.42 annualized dividend and a yield of 1.77%. The ex-dividend date of this dividend was Tuesday, March 14th. Cenovus Energy's dividend payout ratio is 13.44%.
Insider Buying and Selling
In other news, Director Alex Pourbaix bought 25,000 shares of Cenovus Energy stock in a transaction that occurred on Thursday, March 16th. The stock was bought at an average cost of C$21.36 per share, with a total value of C$534,000.00. In related news, Senior Officer Jonathan Michael Mckenzie acquired 50,000 shares of the business's stock in a transaction on Friday, February 17th. The stock was acquired at an average cost of C$24.83 per share, with a total value of C$1,241,500.00. Also, Director Alex Pourbaix acquired 25,000 shares of the business's stock in a transaction on Thursday, March 16th. The shares were bought at an average cost of C$21.36 per share, with a total value of C$534,000.00. In the last ninety days, insiders bought 97,000 shares of company stock valued at $2,309,090. 30.83% of the stock is owned by corporate insiders.
Cenovus Energy Company Profile
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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, Offshore, Canadian Manufacturing, U.S. Manufacturing, and Retail segments.
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