Cenovus Energy (TSE:CVE) Price Target Cut to C$25.00 by Analysts at BMO Capital Markets

Cenovus Energy (TSE:CVE) (NYSE:CVE) had its price target decreased by BMO Capital Markets from C$28.00 to C$25.00 in a report published on Friday,BayStreet.CA reports.

A number of other equities research analysts have also issued reports on CVE. Raymond James increased their price target on Cenovus Energy from C$32.00 to C$33.00 in a research report on Friday. Royal Bank of Canada decreased their price objective on shares of Cenovus Energy from C$29.00 to C$28.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Jefferies Financial Group lowered their target price on shares of Cenovus Energy from C$36.00 to C$33.00 and set a “buy” rating for the company in a research note on Monday, September 16th. TD Securities cut their price target on Cenovus Energy from C$31.00 to C$29.00 and set a “buy” rating on the stock in a research note on Friday. Finally, National Bankshares lowered their price objective on Cenovus Energy from C$38.00 to C$31.00 in a research report on Friday, September 27th. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Cenovus Energy currently has an average rating of “Buy” and a consensus target price of C$31.50.

Cenovus Energy Stock Up 1.9 %

Shares of TSE CVE opened at C$21.71 on Friday. The stock has a market cap of C$40.38 billion, a P/E ratio of 8.65, a PEG ratio of 0.09 and a beta of 2.63. The business’s fifty day simple moving average is C$22.74 and its 200-day simple moving average is C$24.66. Cenovus Energy has a 12-month low of C$19.82 and a 12-month high of C$29.96. The company has a current ratio of 1.66, a quick ratio of 1.00 and a debt-to-equity ratio of 33.34.

Cenovus Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 3.32%. The ex-dividend date of this dividend is Friday, December 13th. Cenovus Energy’s payout ratio is currently 28.69%.

Insider Buying and Selling

In other Cenovus Energy news, Senior Officer Jeffery George Lawson purchased 4,600 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The stock was purchased at an average price of C$21.74 per share, for a total transaction of C$100,004.00. Also, Senior Officer Geoffrey Murray acquired 3,200 shares of the company’s stock in a transaction on Tuesday, September 17th. The stock was acquired at an average price of C$22.54 per share, for a total transaction of C$72,112.00. Insiders have bought 12,300 shares of company stock worth $273,236 in the last quarter. 32.03% of the stock is owned by insiders.

About Cenovus Energy

Cenovus Energy Inc, together with its subsidiaries, develops, produces, refines, transports, and markets crude oil, natural gas, and refined petroleum products in Canada and internationally. The company operates through Oil Sands, Conventional, Offshore, Canadian Refining, and U.S. Refining segments.