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Shares of Cenovus Energy (TSE:CVE) have received an average recommendation of “Hold” from the thirteen brokerages that are presently covering the stock, American Banking News reports. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is C$37.15.

Shares of Cenovus Energy (TSE:CVE) opened at 33.23 on Friday. Cenovus Energy has a one year low of $28.25 and a one year high of $34.79. The stock has a 50-day moving average of $33.62 and a 200-day moving average of $31.68. The company has a market cap of $25.156 billion and a P/E ratio of 21.40.

Cenovus Energy (TSE:CVE) last announced its earnings results on Thursday, July 31st. The company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.33. On average, analysts predict that Cenovus Energy will post $1.97 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 30th. Shareholders of record on Monday, September 15th will be paid a dividend of $0.2662 per share. This represents a $1.06 annualized dividend and a dividend yield of 3.20%.

Several analysts have recently commented on the stock. Analysts at TD Securities raised their price target on shares of Cenovus Energy from C$35.00 to C$36.00 in a research note on Thursday, July 31st. They now have a “hold” rating on the stock. Separately, analysts at National Bank Financial raised their price target on shares of Cenovus Energy from C$36.00 to C$37.00 in a research note on Thursday, July 31st. Finally, analysts at Barclays downgraded shares of Cenovus Energy from an “overweight” rating to an “equal weight” rating in a research note on Friday, July 25th.

Cenovus Energy, Inc (TSE:CVE) is Canadian integrated oil company.

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