FirstEnergy Capital Downgrades Canadian Oil Sands to Market Perform (COS)
Canadian Oil Sands (TSE:COS) was downgraded by investment analysts at FirstEnergy Capital from an “outperform” rating to a “market perform” rating in a note issued to investors on Tuesday. They currently have a C$24.50 price target on the stock, up from their previous price target of C$24.00. FirstEnergy Capital’s price objective indicates a potential upside of 4.26% from the stock’s previous close.
Shares of Canadian Oil Sands (TSE:COS) traded down 0.94% during mid-day trading on Tuesday, hitting $23.28. 1,201,268 shares of the company’s stock traded hands. Canadian Oil Sands has a 52 week low of $19.40 and a 52 week high of $24.68. The stock has a 50-day moving average of $23.70 and a 200-day moving average of $22.. The company has a market cap of $11.281 billion and a P/E ratio of 14.51.
Canadian Oil Sands (TSE:COS) last released its earnings data on Monday, August 4th. The company reported $0.36 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.21 by $0.15. On average, analysts predict that Canadian Oil Sands will post $1.86 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, August 29th. Investors of record on Friday, August 22nd will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 5.96%. The ex-dividend date of this dividend is Wednesday, August 20th.
Other equities research analysts have also recently issued reports about the stock. Analysts at Morgan Stanley initiated coverage on shares of Canadian Oil Sands in a research note on Wednesday, July 23rd. They set an “overweight” rating and a C$26.00 price target on the stock. Separately, analysts at Barclays raised their price target on shares of Canadian Oil Sands from C$23.00 to C$25.00 in a research note on Monday, July 21st. Finally, analysts at CIBC raised their price target on shares of Canadian Oil Sands from C$22.50 to C$23.00 in a research note on Thursday, July 17th. They now have a “sector perform” rating on the stock. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of C$24.36.
Canadian Oil Sands Limited is a pure investment opportunity in light, sweet crude oil. Through its 36.
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