Cenovus Energy Inc. (TSE:CVE) Senior Officer Buys C$107,808.00 in Stock

Cenovus Energy Inc. (TSE:CVE - Get Free Report) NYSE: CVE Senior Officer Karamjit Singh Sandhar purchased 6,000 shares of the stock in a transaction dated Tuesday, March 4th. The stock was bought at an average cost of C$17.97 per share, with a total value of C$107,808.00.

Karamjit Singh Sandhar also recently made the following trade(s):

• On Wednesday, February 26th, Karamjit Singh Sandhar purchased 5,000 shares of Cenovus Energy stock. The stock was bought at an average cost of C$20.05 per share, with a total value of C$100,250.00.

Cenovus Energy Stock Up 1.0 %

TSE:CVE traded up C$0.18 during trading hours on Friday, reaching C$18.31. 7,791,265 shares of the stock were exchanged, compared to its average volume of 5,288,117. Cenovus Energy Inc. has a twelve month low of C$17.42 and a twelve month high of C$29.96. The company has a debt-to-equity ratio of 33.59, a current ratio of 1.59 and a quick ratio of 1.00. The firm has a 50 day moving average of C$21.13 and a 200 day moving average of C$22.24. The stock has a market cap of C$33.35 billion, a PE ratio of 9.03, a PEG ratio of 0.09 and a beta of 2.63.

Cenovus Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 31st will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 3.93%. The ex-dividend date is Friday, March 14th. Cenovus Energy's dividend payout ratio (DPR) is currently 35.49%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Raymond James upped their price target on Cenovus Energy from C$32.00 to C$33.00 in a research note on Friday, December 13th. National Bankshares cut Cenovus Energy from an "outperform" rating to a "sector perform" rating and lowered their target price for the stock from C$28.00 to C$25.00 in a research note on Friday, February 21st. Jefferies Financial Group lowered their target price on Cenovus Energy from C$32.00 to C$30.00 in a research note on Thursday, January 30th. BMO Capital Markets lowered their target price on Cenovus Energy from C$28.00 to C$25.00 in a research note on Friday, December 13th. Finally, TD Securities lowered their target price on Cenovus Energy from C$29.00 to C$28.00 and set a "buy" rating for the company in a research note on Monday, February 24th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus 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.