Cenovus Energy Inc. (TSE:CVE) Senior Officer Buys C$79,945.92 in Stock

Cenovus Energy Inc. (TSE:CVE) (NYSE:CVE) Senior Officer John F. Soini acquired 4,104 shares of the business’s stock in a transaction dated Tuesday, March 18th. The stock was acquired at an average cost of C$19.48 per share, with a total value of C$79,945.92.

Cenovus Energy Stock Up 2.2 %

Shares of TSE CVE opened at C$19.88 on Thursday. The company has a current ratio of 1.59, a quick ratio of 1.00 and a debt-to-equity ratio of 33.59. The firm has a fifty day simple moving average of C$20.67 and a two-hundred day simple moving average of C$21.90. The firm has a market capitalization of C$36.21 billion, a PE ratio of 9.80, a price-to-earnings-growth ratio of 0.09 and a beta of 2.63. Cenovus Energy Inc. has a 12 month low of C$17.42 and a 12 month high of C$29.96.

Cenovus Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 31st will be paid a $0.18 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.72 annualized dividend and a dividend yield of 3.62%. Cenovus Energy’s payout ratio is 35.49%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. BMO Capital Markets dropped their price target on shares of Cenovus Energy from C$28.00 to C$25.00 in a research report on Friday, December 13th. TD Securities dropped 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 report on Monday, February 24th. Royal Bank of Canada dropped their price target on shares of Cenovus Energy from C$28.00 to C$26.00 in a research report on Tuesday, January 14th. Raymond James increased their price target on shares of Cenovus Energy from C$32.00 to C$33.00 in a research report on Friday, December 13th. Finally, National Bank Financial lowered shares of Cenovus Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 20th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$29.89.

About Cenovus Energy

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.