Canadian Oil Sands Given Consensus Rating of “Hold” by Analysts (TSE:COS)
Canadian Oil Sands (TSE:COS) has been given a consensus recommendation of “Hold” by the thirteen brokerages that are covering the company, Stock Ratings News reports. Three analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is C$24.36.
Canadian Oil Sands (TSE:COS) opened at 22.95 on Thursday. Canadian Oil Sands has a one year low of $19.40 and a one year high of $24.68. The stock has a 50-day moving average of $23.52 and a 200-day moving average of $22.82. The company has a market cap of $11.122 billion and a P/E ratio of 14.13.
Canadian Oil Sands (TSE:COS) last posted its quarterly earnings results 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. Analysts expect that Canadian Oil Sands will post $1.86 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, August 29th. Shareholders of record on Friday, August 22nd will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 6.10%. The ex-dividend date is Wednesday, August 20th.
A number of research firms have recently commented on COS. Analysts at FirstEnergy Capital downgraded shares of Canadian Oil Sands from an “outperform” rating to a “market perform” rating in a research note on Tuesday, August 12th. They now have a C$24.50 price target on the stock, up previously from C$24.00. Separately, 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. Finally, 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.
Canadian Oil Sands Limited is a pure investment opportunity in light, sweet crude oil. Through its 36.
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