Cenovus Energy Inc. (TSE:CVE) Senior Officer Acquires C$50,480.00 in Stock

Cenovus Energy Inc. (TSE:CVEGet Free Report) (NYSE:CVE) Senior Officer Jeffery George Lawson purchased 2,000 shares of the firm’s stock in a transaction that occurred on Monday, June 17th. The shares were bought at an average price of C$25.24 per share, for a total transaction of C$50,480.00.

Cenovus Energy Stock Performance

CVE stock opened at C$25.56 on Thursday. The firm has a 50-day simple moving average of C$27.67 and a two-hundred day simple moving average of C$24.86. The company has a debt-to-equity ratio of 33.03, a quick ratio of 1.00 and a current ratio of 1.70. Cenovus Energy Inc. has a one year low of C$19.82 and a one year high of C$29.96. The firm has a market cap of C$47.80 billion, a price-to-earnings ratio of 10.27, a PEG ratio of 0.09 and a beta of 2.77.

Cenovus Energy (TSE:CVEGet Free Report) (NYSE:CVE) last announced its quarterly earnings data on Wednesday, May 1st. The company reported C$0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.47 by C$0.15. Cenovus Energy had a return on equity of 16.11% and a net margin of 8.72%. The firm had revenue of C$13.40 billion during the quarter, compared to analysts’ expectations of C$13.71 billion. On average, equities analysts forecast that Cenovus Energy Inc. will post 2.7840467 EPS for the current fiscal year.

Cenovus Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 28th will be given a $0.18 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.72 annualized dividend and a yield of 2.82%. Cenovus Energy’s dividend payout ratio is presently 29.72%.

Wall Street Analysts Forecast Growth

CVE has been the topic of a number of analyst reports. Royal Bank of Canada boosted their price objective on shares of Cenovus Energy from C$32.00 to C$33.00 and gave the company an “outperform” rating in a research report on Thursday, May 2nd. CIBC upped their price target on shares of Cenovus Energy from C$31.00 to C$35.00 and gave the company an “outperform” rating in a report on Monday, April 22nd. National Bankshares raised their price objective on shares of Cenovus Energy from C$29.00 to C$38.00 and gave the stock an “outperform” rating in a research note on Friday, April 19th. TD Securities boosted their target price on Cenovus Energy from C$30.00 to C$32.00 and gave the company a “buy” rating in a research report on Thursday, May 2nd. Finally, Jefferies Financial Group increased their price target on Cenovus Energy from C$28.00 to C$36.00 and gave the stock a “buy” rating in a report on Friday, April 12th. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$33.50.

Read Our Latest Stock Analysis on CVE

Cenovus Energy Company Profile

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Cenovus Energy (TSE:CVE)

Receive News & Ratings for Cenovus Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cenovus Energy and related companies with MarketBeat.com's FREE daily email newsletter.