Cenovus Energy Inc (CVE) Announces Quarterly Dividend of $0.05
Cenovus Energy Inc (TSE:CVE) (NYSE:CVE) announced a quarterly dividend on Thursday, February 15th, RTT News reports. Shareholders of record on Thursday, March 15th will be paid a dividend of 0.05 per share on Thursday, March 29th. This represents a $0.20 dividend on an annualized basis and a yield of 2.02%.
Shares of Cenovus Energy (TSE CVE) opened at C$9.88 on Thursday. Cenovus Energy has a 52-week low of C$8.89 and a 52-week high of C$18.85. The firm has a market cap of $12,140.00, a P/E ratio of 3.45 and a beta of 0.29.
CVE has been the topic of a number of recent research reports. BMO Capital Markets lifted their price target on shares of Cenovus Energy from C$12.00 to C$14.00 in a report on Friday, November 3rd. JPMorgan Chase & Co. lifted their price target on shares of Cenovus Energy from C$12.50 to C$14.00 in a report on Friday, November 3rd. CIBC lifted their price target on shares of Cenovus Energy from C$14.50 to C$16.00 in a report on Tuesday, November 14th. Citigroup lifted their price target on shares of Cenovus Energy from C$10.00 to C$13.00 in a report on Monday, December 11th. Finally, TD Securities lifted their price target 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. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of C$15.40.
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About Cenovus Energy
Cenovus Energy Inc is a Canada-based integrated oil company. It operates in the business of developing, producing and marketing crude oil, Natural Gas Liquids (NGLs) and natural gas in Canada. The Company also conducts marketing activities and owns refining interests in the United States (U.S.). Its segments include: Oil Sands, which includes the development and production of bitumen and natural gas in northeast Alberta; Conventional, which includes the development and production of conventional crude oil, NGLs and natural gas in Alberta and Saskatchewan, including the heavy oil assets at Pelican Lake, the carbon dioxide (CO2) enhanced oil recovery (EOR) project at Weyburn and emerging tight oil opportunities; Refining and Marketing, which includes transporting and selling crude oil and natural gas and joint ownership of refineries in the U.S., as well as Corporate and Eliminations.
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