Cenovus Energy (CVE) Given New C$17.00 Price Target at CSFB

Cenovus Energy (TSE:CVE) (NYSE:CVE) had its target price lifted by CSFB from C$15.00 to C$17.00 in a research note published on Friday morning.

CVE has been the topic of several other reports. National Bank Financial raised their target price on shares of Cenovus Energy from C$13.00 to C$14.00 and gave the stock a sector perform rating in a report on Tuesday, January 9th. TD Securities raised their target price on shares of Cenovus Energy from C$13.50 to C$14.00 and gave the stock a hold rating in a report on Friday, December 15th. Eight Capital set a C$15.00 target price on shares of Cenovus Energy and gave the stock a neutral rating in a report on Thursday, January 11th. AltaCorp Capital raised shares of Cenovus Energy from a sector perform rating to an outperform rating in a report on Friday, February 16th. Finally, Canaccord Genuity lowered their target price on shares of Cenovus Energy from C$16.00 to C$14.50 in a report on Wednesday, April 11th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. Cenovus Energy has an average rating of Hold and a consensus target price of C$15.07.

Shares of CVE stock opened at C$12.72 on Friday. Cenovus Energy has a 12-month low of C$8.89 and a 12-month high of C$14.65.

Cenovus Energy (TSE:CVE) (NYSE:CVE) last issued its quarterly earnings data on Thursday, February 15th. The company reported C($0.43) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.12 by C($0.55). The company had revenue of C$5.08 billion for the quarter, compared to analyst estimates of C$4.97 billion. Cenovus Energy had a negative return on equity of 16.53% and a negative net margin of 15.99%.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 29th. Investors of record on Thursday, March 15th were paid a $0.05 dividend. The ex-dividend date of this dividend was Wednesday, March 14th. This represents a $0.20 dividend on an annualized basis and a yield of 1.57%.

In other news, insider Keith Chiasson acquired 2,635 shares of the firm’s stock in a transaction that occurred on Monday, March 5th. The shares were acquired at an average cost of C$9.60 per share, with a total value of C$25,296.00.

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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.

Analyst Recommendations for Cenovus Energy (TSE:CVE)

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