Cenovus Energy Inc. (TSE:CVE) Director Acquires C$10,575.00 in Stock

Cenovus Energy Inc. (TSE:CVE) (NYSE:CVE) Director Michael John Crothers bought 500 shares of the stock in a transaction on Wednesday, December 18th. The shares were acquired at an average cost of C$21.15 per share, for a total transaction of C$10,575.00.

Michael John Crothers also recently made the following trade(s):

• On Monday, November 4th, Michael John Crothers purchased 500 shares of Cenovus Energy stock. The shares were bought at an average price of C$22.24 per share, with a total value of C$11,120.00.

Cenovus Energy Price Performance

Shares of TSE:CVE opened at C$20.92 on Thursday. The stock has a market capitalization of C$38.91 billion, a P/E ratio of 8.33, a P/E/G ratio of 0.09 and a beta of 2.63. The business has a 50-day moving average of C$22.53 and a two-hundred day moving average of C$24.47. Cenovus Energy Inc. has a fifty-two week low of C$19.82 and a fifty-two week high of C$29.96. The company has a debt-to-equity ratio of 33.34, a current ratio of 1.66 and a quick ratio of 1.00.

Cenovus Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st will be issued a $0.18 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.72 annualized dividend and a yield of 3.44%. Cenovus Energy’s dividend payout ratio (DPR) is presently 28.69%.

Analyst Ratings Changes

Several research firms have weighed in on CVE. TD Securities dropped their price objective on shares of Cenovus Energy from C$31.00 to C$29.00 and set a “buy” rating on the stock in a research note on Friday, December 13th. National Bankshares dropped their price target on shares of Cenovus Energy from C$38.00 to C$31.00 in a research note on Friday, September 27th. Raymond James lifted their price objective on Cenovus Energy from C$32.00 to C$33.00 in a research report on Friday, December 13th. BMO Capital Markets dropped their target price on Cenovus Energy from C$28.00 to C$25.00 in a research report on Friday, December 13th. Finally, Royal Bank of Canada cut their price target on Cenovus Energy from C$29.00 to C$28.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Cenovus Energy currently has a consensus rating of “Buy” and a consensus target price of C$31.50.

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.