CVE has been the topic of several other reports. Canaccord Genuity lowered their price target on Cenovus Energy from C$16.00 to C$14.50 in a research note on Wednesday, April 11th. TD Securities lowered their price objective on Cenovus Energy from C$14.00 to C$12.00 and set a hold rating on the stock in a research note on Friday, February 16th. National Bank Financial reduced their target price on Cenovus Energy from C$14.00 to C$13.50 and set a sector perform rating on the stock in a report on Friday, February 16th. AltaCorp Capital raised Cenovus Energy from a sector perform rating to an outperform rating in a report on Friday, February 16th. Finally, Eight Capital set a C$15.00 price objective on Cenovus Energy and gave the stock a neutral rating in a report on Thursday, January 11th. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. Cenovus Energy has a consensus rating of Hold and an average price target of C$15.07.
Shares of CVE stock opened at C$12.28 on Friday. Cenovus Energy has a 1-year low of C$8.89 and a 1-year high of C$14.65.
Cenovus Energy (TSE:CVE) (NYSE:CVE) last released its quarterly earnings data on Thursday, February 15th. The company reported C($0.43) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.12 by C($0.55). Cenovus Energy had a negative net margin of 15.99% and a negative return on equity of 16.53%. The firm had revenue of C$5.08 billion for the quarter, compared to analyst estimates of C$4.97 billion.
The company also recently announced a quarterly dividend, which was paid on Thursday, March 29th. Investors of record on Thursday, March 15th were paid a $0.05 dividend. The ex-dividend date of this dividend was Wednesday, March 14th. This represents a $0.20 annualized dividend and a yield of 1.63%.
In related news, insider Keith Chiasson acquired 2,635 shares of the business’s stock in a transaction on Monday, March 5th. The stock was purchased at an average cost of C$9.60 per share, for a total transaction of C$25,296.00.
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Cenovus Energy Company Profile
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 and natural gas in northeast Alberta. This segment's bitumen assets include Foster Creek, Christina Lake, and Narrows Lake, as well as projects in the early stages of development, such as Telephone Lake.
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