Cenovus Energy Inc (TSE:CVE) (NYSE:CVE) declared a quarterly dividend on Tuesday, October 30th, Zacks reports. Stockholders of record on Friday, December 14th will be paid a dividend of 0.05 per share on Monday, December 31st. This represents a $0.20 annualized dividend and a dividend yield of 1.97%. The ex-dividend date of this dividend is Thursday, December 13th.
Shares of Cenovus Energy stock traded down C$0.07 on Friday, hitting C$10.16. The stock had a trading volume of 6,116,800 shares, compared to its average volume of 4,576,986. The company has a debt-to-equity ratio of 52.75, a quick ratio of 0.80 and a current ratio of 1.26. Cenovus Energy has a one year low of C$9.02 and a one year high of C$14.84.
Cenovus Energy (TSE:CVE) (NYSE:CVE) last issued its earnings results on Wednesday, October 31st. The company reported C($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.22 by C($0.42). The firm had revenue of C$6.14 billion for the quarter, compared to analysts’ expectations of C$5.77 billion. Sell-side analysts anticipate that Cenovus Energy will post 0.879999954243271 earnings per share for the current fiscal year.
In related news, Director Richard Joseph Marcogliese purchased 5,000 shares of the business’s stock in a transaction that occurred on Monday, November 26th. The shares were acquired at an average price of C$7.10 per share, for a total transaction of C$35,500.00. Also, insider Jonathan Michael Mckenzie purchased 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 21st. The stock was bought at an average price of C$10.23 per share, for a total transaction of C$255,750.00. In the last quarter, insiders purchased 32,121 shares of company stock worth $311,251.
Several brokerages have recently issued reports on CVE. CIBC restated an “outperform” rating and issued a C$17.00 target price on shares of Cenovus Energy in a report on Friday, October 5th. Raymond James raised their target price on shares of Cenovus Energy from C$16.00 to C$17.00 in a report on Friday, October 5th. JPMorgan Chase & Co. upgraded shares of Cenovus Energy from a “neutral” rating to an “outperform” rating and raised their target price for the stock from C$16.00 to C$17.00 in a report on Monday, September 10th. Canaccord Genuity cut shares of Cenovus Energy from a “buy” rating to a “hold” rating and cut their target price for the stock from C$18.00 to C$15.00 in a report on Thursday, August 16th. Finally, TD Securities lifted their price target on shares of Cenovus Energy from C$14.00 to C$15.00 and gave the company a “buy” rating in a report on Thursday, November 1st. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Cenovus Energy has a consensus rating of “Buy” and an average target price of C$16.17.
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 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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