Cenovus Energy Inc. (TSE:CVE) Senior Officer Buys C$100,250.00 in Stock

Cenovus Energy Inc. (TSE:CVE) (NYSE:CVE) Senior Officer Karamjit Singh Sandhar acquired 5,000 shares of the firm’s stock in a transaction on Wednesday, February 26th. The stock was bought at an average price of C$20.05 per share, with a total value of C$100,250.00.

Cenovus Energy Stock Down 0.6 %

CVE stock opened at C$19.83 on Friday. The business has a 50 day moving average of C$21.45 and a 200 day moving average of C$22.60. The firm has a market cap of C$36.12 billion, a PE ratio of 9.77, a price-to-earnings-growth ratio of 0.09 and a beta of 2.63. Cenovus Energy Inc. has a twelve month low of C$19.80 and a twelve month high of C$29.96. The company has a quick ratio of 1.00, a current ratio of 1.59 and a debt-to-equity ratio of 33.59.

Cenovus Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.72 annualized dividend and a dividend yield of 3.63%. Cenovus Energy’s payout ratio is presently 35.49%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. TD Securities decreased their price target on shares of Cenovus Energy from C$29.00 to C$28.00 and set a “buy” rating for the company in a research note on Monday. National Bankshares downgraded Cenovus Energy from an “outperform” rating to a “sector perform” rating and reduced their target price for the stock from C$28.00 to C$25.00 in a report on Friday, February 21st. Royal Bank of Canada lowered their target price on Cenovus Energy from C$28.00 to C$26.00 in a research note on Tuesday, January 14th. BMO Capital Markets reduced their price target on Cenovus Energy from C$28.00 to C$25.00 in a research note on Friday, December 13th. Finally, Raymond James increased their price objective on Cenovus Energy from C$32.00 to C$33.00 in a report on Friday, December 13th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Cenovus Energy has an average rating of “Moderate Buy” and an average target price of C$29.89.

Cenovus Energy Company Profile

Cenovus Energy is an integrated oil company, focused on creating value through the development of its oil sands assets. The company also engages in production of conventional crude oil, natural gas liquids, and natural gas in Alberta, Canada, with refining operations in the U.S. Net upstream production averaged 472 thousand barrels of oil equivalent per day in 2020, and the company estimates that it holds 6.7 billion boe of proven and probable reserves.