National Bankshares Increases Cenovus Energy (TSE:CVE) Price Target to C$38.00

Cenovus Energy (TSE:CVE) (NYSE:CVE) had its target price upped by National Bankshares from C$29.00 to C$38.00 in a research note published on Friday, BayStreet.CA reports. They currently have an outperform rating on the stock.

Other research analysts have also issued research reports about the stock. JPMorgan Chase & Co. cut their price target on shares of Cenovus Energy from C$35.00 to C$34.00 in a research note on Thursday, January 11th. CIBC upped their price target on shares of Cenovus Energy from C$30.00 to C$31.00 and gave the company an outperform rating in a research note on Friday, March 22nd. Scotiabank cut their price target on shares of Cenovus Energy from C$31.00 to C$28.00 and set an outperform rating on the stock in a research note on Tuesday, January 16th. Jefferies Financial Group upped their price target on shares of Cenovus Energy from C$28.00 to C$36.00 and gave the company a buy rating in a research note on Friday, April 12th. Finally, Desjardins upped their price target on shares of Cenovus Energy from C$28.00 to C$29.50 and gave the company a buy rating in a research note on Friday, March 22nd. One analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average price target of C$32.88.

Cenovus Energy Trading Up 0.8 %

TSE CVE opened at C$28.69 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.56 and a debt-to-equity ratio of 34.64. The firm has a market cap of C$53.65 billion, a PE ratio of 13.53, a price-to-earnings-growth ratio of 0.09 and a beta of 2.78. The company has a 50 day moving average price of C$25.75 and a 200 day moving average price of C$24.43. Cenovus Energy has a 52 week low of C$19.82 and a 52 week high of C$29.96.

Cenovus Energy (TSE:CVE) (NYSE:CVE) last posted its quarterly earnings data on Thursday, February 15th. The company reported C$0.39 EPS for the quarter, topping the consensus estimate of C$0.33 by C$0.06. The firm had revenue of C$13.13 billion during the quarter, compared to analyst estimates of C$13.06 billion. Cenovus Energy had a net margin of 7.87% and a return on equity of 14.60%. During the same quarter in the previous year, the business posted $0.39 EPS. As a group, sell-side analysts forecast that Cenovus Energy will post 2.6887232 EPS for the current fiscal year.

Cenovus Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 28th were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.95%. The ex-dividend date was Thursday, March 14th. Cenovus Energy’s dividend payout ratio (DPR) is currently 26.42%.

Insider Buying and Selling

In related news, Senior Officer Andrew Dahlin sold 25,000 shares of the stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of C$25.99, for a total transaction of C$649,657.50. In related news, Senior Officer Andrew Dahlin sold 25,000 shares of the stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of C$25.99, for a total transaction of C$649,657.50. Also, Senior Officer Rhona Marie Delfrari sold 18,000 shares of the stock in a transaction on Monday, April 8th. The stock was sold at an average price of C$29.21, for a total transaction of C$525,835.80. Over the last three months, insiders have sold 87,000 shares of company stock valued at $2,414,507. Corporate insiders own 31.50% of the company’s stock.

About Cenovus Energy

Cenovus Energy Inc, together with its subsidiaries, develops, produces, refines, transports, and markets crude oil, natural gas, and refined petroleum products in Canada and internationally. The company operates through Oil Sands, Conventional, Offshore, Canadian Refining, and U.S. Refining segments.