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Cenovus Energy (NYSE:CVE) has earned an average recommendation of “Hold” from the fifteen ratings firms that are presently covering the stock, Stock Ratings reports. Nine investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $36.83.

Shares of Cenovus Energy (NYSE:CVE) opened at 30.64 on Tuesday. Cenovus Energy has a 52 week low of $25.52 and a 52 week high of $32.64. The stock’s 50-day moving average is $30.89 and its 200-day moving average is $29.20. The company has a market cap of $23.195 billion and a price-to-earnings ratio of 21.75.

Cenovus Energy (NYSE:CVE) last released its earnings data on Wednesday, July 30th. The company reported $0.62 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.48 by $0.14. During the same quarter last year, the company posted $0.34 earnings per share. Analysts expect that Cenovus Energy will post $1.96 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 30th. Investors of record on Monday, September 15th will be given a dividend of $0.2461 per share. This represents a $0.98 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date of this dividend is Thursday, September 11th.

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 Friday, August 1st. They now have a “hold” rating on the stock. Separately, 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. Finally, analysts at CIBC reiterated a “sector perform” rating on shares of Cenovus Energy in a research note on Thursday, July 17th. They now have a $37.50 price target on the stock, up previously from $36.00.

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

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