Cenovus Energy Inc (TSE:CVE) (NYSE:CVE) has been given a consensus rating of “Hold” by the fourteen brokerages that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is C$15.50.
A number of brokerages have commented on CVE. National Bank Financial lifted their target price on shares of Cenovus Energy from C$11.00 to C$12.50 and gave the stock a “sector perform” rating in a research note on Tuesday, September 26th. Canaccord Genuity lifted their target price on shares of Cenovus Energy from C$14.50 to C$15.00 in a research note on Tuesday, September 26th. CSFB reduced their target price on shares of Cenovus Energy from C$20.00 to C$15.00 and set an “outperform” rating on the stock in a research note on Monday, August 21st. CIBC lifted their target price on shares of Cenovus Energy from C$12.50 to C$14.50 in a research note on Monday, October 2nd. Finally, Barclays lifted their target price on shares of Cenovus Energy from C$15.00 to C$17.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 26th.
In related news, Director Patrick Darold Daniel purchased 35,000 shares of Cenovus Energy stock in a transaction dated Monday, November 6th. The shares were acquired at an average cost of C$13.97 per share, with a total value of C$488,950.00. Also, Director Rhonda Ivy Zygocki purchased 7,200 shares of Cenovus Energy stock in a transaction dated Wednesday, November 8th. The stock was bought at an average cost of C$14.48 per share, for a total transaction of C$104,256.00. Insiders bought a total of 153,633 shares of company stock worth $1,967,303 over the last three months.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date of this dividend is Thursday, December 14th. Cenovus Energy’s dividend payout ratio (DPR) is 6.99%.
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About Cenovus Energy
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