Cenovus Energy Inc (CVE) Price Target Raised to C$21.00 at Raymond James Financial Inc.
Cenovus Energy Inc (TSE:CVE) had its target price lifted by equities researchers at Raymond James Financial Inc. from C$19.00 to C$21.00 in a report released on Wednesday. Raymond James Financial Inc.’s target price points to a potential upside of 2.94% from the stock’s current price.
A number of other brokerages have also recently commented on CVE. Scotiabank reiterated an “outperform” rating and issued a C$20.00 price target on shares of Cenovus Energy in a research note on Friday, July 29th. TD Securities reiterated a “buy” rating and issued a C$21.00 price target on shares of Cenovus Energy in a research note on Friday, July 29th. JPMorgan Chase & Co. increased their price target on Cenovus Energy from C$18.00 to C$19.00 in a research note on Monday, July 11th. Desjardins set a C$24.00 price target on Cenovus Energy in a research note on Tuesday, June 28th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a C$23.00 price target on shares of Cenovus Energy in a research note on Monday, June 20th. One analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of C$20.73.
Cenovus Energy (TSE:CVE) traded down 0.59% on Wednesday, reaching $20.28. The company’s stock had a trading volume of 1,974,419 shares. Cenovus Energy has a 52-week low of $12.74 and a 52-week high of $21.81. The stock has a market cap of $16.90 billion and a price-to-earnings ratio of 21.92. The firm’s 50-day moving average price is $18.77 and its 200-day moving average price is $18.64.
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The business also recently announced a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Thursday, September 15th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.98%. The ex-dividend date was Tuesday, September 13th.
Cenovus Energy Company Profile
Cenovus Energy Inc is a Canada-based integrated oil company. It is engaged in the business of developing, producing and marketing crude oil, natural gas liquids (NGLs) and natural gas. Its segments include Oil Sands, Conventional, Refining and Marketing, and Corporate and Eliminations. The Oil Sands segment includes the development and production of bitumen and natural gas in northeast Alberta.
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