Cenovus Energy Inc (CVE) Price Target Raised to C$16.00

Cenovus Energy Inc (TSE:CVE) (NYSE:CVE) had its target price increased by CIBC from C$14.50 to C$16.00 in a report published on Tuesday morning.

A number of other equities analysts have also weighed in on CVE. National Bank Financial boosted their price objective on Cenovus Energy from C$11.00 to C$12.50 and gave the stock a sector perform rating in a research note on Tuesday, September 26th. Canaccord Genuity boosted their price objective on Cenovus Energy from C$14.50 to C$15.00 in a research note on Tuesday, September 26th. CSFB decreased their price target on Cenovus Energy from C$20.00 to C$15.00 and set an outperform rating on the stock in a research note on Monday, August 21st. AltaCorp Capital lowered Cenovus Energy from an outperform rating to a sector perform rating in a research note on Thursday, November 9th. Finally, J P Morgan Chase & Co upped their price target on Cenovus Energy from C$12.50 to C$14.00 in a research note on Friday, November 3rd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of C$15.50.

Cenovus Energy (CVE) opened at C$12.98 on Tuesday. Cenovus Energy has a 12 month low of C$8.89 and a 12 month high of C$22.06.

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The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be given a dividend of $0.05 per share. The ex-dividend date is Thursday, December 14th. This represents a $0.20 annualized dividend and a dividend yield of 1.54%. Cenovus Energy’s dividend payout ratio is currently 6.99%.

In related news, Director Rhonda Ivy Zygocki acquired 7,200 shares of the firm’s stock in a transaction on Wednesday, November 8th. The stock was bought at an average cost of C$14.48 per share, with a total value of C$104,256.00. Also, Director Patrick Darold Daniel acquired 35,000 shares of the firm’s stock in a transaction on Monday, November 6th. The shares were bought at an average cost of C$13.97 per share, with a total value of C$488,950.00.

Cenovus Energy Company Profile

Analyst Recommendations for Cenovus Energy (TSE:CVE)

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