Cenovus Energy Inc (TSE:CVE) (NYSE:CVE) declared a quarterly dividend on Tuesday, October 30th, Zacks reports. Investors of record on Friday, December 14th will be paid a dividend of 0.05 per share on Monday, December 31st. This represents a $0.20 annualized dividend and a yield of 1.97%. The ex-dividend date is Thursday, December 13th.
Shares of TSE CVE opened at C$10.16 on Friday. Cenovus Energy has a 12-month low of C$9.02 and a 12-month high of C$14.84. The company has a current ratio of 1.26, a quick ratio of 0.80 and a debt-to-equity ratio of 52.75.
Cenovus Energy (TSE:CVE) (NYSE:CVE) last released its quarterly earnings data on Wednesday, October 31st. The company reported C($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of C$0.22 by C($0.42). The business had revenue of C$6.14 billion for the quarter, compared to analysts’ expectations of C$5.77 billion. On average, sell-side analysts forecast that Cenovus Energy will post 0.879999954243271 earnings per share for the current fiscal year.
In other Cenovus Energy news, Director Richard Joseph Marcogliese bought 5,000 shares of Cenovus Energy stock in a transaction dated Monday, November 26th. The stock was purchased at an average price of C$7.10 per share, for a total transaction of C$35,500.00. Also, insider Jonathan Michael Mckenzie bought 25,000 shares of Cenovus Energy stock in a transaction dated Wednesday, November 21st. The stock was acquired at an average price of C$10.23 per share, with a total value of C$255,750.00. Insiders bought 32,121 shares of company stock valued at $311,251 in the last quarter.
Several analysts have recently commented on CVE shares. Canaccord Genuity lowered their target price on shares of Cenovus Energy from C$14.00 to C$13.50 in a report on Wednesday, October 24th. Raymond James reiterated a “market perform” rating and issued a C$17.00 target price on shares of Cenovus Energy in a report on Thursday, November 1st. JPMorgan Chase & Co. upgraded shares of Cenovus Energy from a “neutral” rating to an “outperform” rating and increased their target price for the company from C$16.00 to C$17.00 in a report on Monday, September 10th. Morgan Stanley lowered their target price on shares of Cenovus Energy from C$18.00 to C$17.00 in a report on Sunday, October 14th. Finally, CIBC reiterated an “outperform” rating and issued a C$17.00 target price on shares of Cenovus Energy in a report on Friday, October 5th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Cenovus Energy currently has a consensus rating of “Buy” and an average target price of C$16.17.
Cenovus Energy Company Profile
Cenovus Energy Inc, together with its subsidiaries, develops, produces, and markets crude oil, natural gas liquids, and natural gas in Canada and the United States. The company's Oil Sands segment develops and produces bitumen and natural gas in northeast Alberta. This segment's bitumen assets include Foster Creek, Christina Lake, and Narrows Lake, as well as projects in the early stages of development, such as Telephone Lake.
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