Cenovus Energy Inc. (TSE:CVE) Senior Officer John F. Soini Purchases 4,104 Shares

Cenovus Energy Inc. (TSE:CVE - Get Free Report) NYSE: CVE Senior Officer John F. Soini acquired 4,104 shares of the company's stock in a transaction that occurred on Tuesday, March 18th. The stock was acquired at an average price of C$19.48 per share, with a total value of C$79,945.92.

Cenovus Energy Trading Up 1.1 %

Shares of TSE:CVE traded up C$0.22 during mid-day trading on Friday, hitting C$20.32. The company had a trading volume of 10,919,759 shares, compared to its average volume of 5,952,847. The company has a market capitalization of C$37.01 billion, a PE ratio of 10.02, a price-to-earnings-growth ratio of 0.09 and a beta of 2.63. Cenovus Energy Inc. has a one year low of C$17.42 and a one year high of C$29.96. The firm has a fifty day moving average price of C$20.60 and a 200 day moving average price of C$21.83. The company has a debt-to-equity ratio of 33.59, a current ratio of 1.59 and a quick ratio of 1.00.

Cenovus Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 31st will be given a dividend of $0.18 per share. The ex-dividend date is Friday, March 14th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.54%. Cenovus Energy's dividend payout ratio (DPR) is presently 35.49%.

Analysts Set New Price Targets

A number of research firms recently weighed in on CVE. TD Securities decreased their price objective on Cenovus Energy from C$29.00 to C$28.00 and set a "buy" rating for the company in a report on Monday, February 24th. Raymond James increased their price target on Cenovus Energy from C$32.00 to C$33.00 in a research note on Friday, December 13th. Jefferies Financial Group cut their price objective on Cenovus Energy from C$32.00 to C$30.00 in a research note on Thursday, January 30th. Royal Bank of Canada decreased their target price on shares of Cenovus Energy from C$28.00 to C$26.00 in a research report on Tuesday, January 14th. Finally, National Bankshares downgraded shares of Cenovus Energy from an "outperform" rating to a "sector perform" rating and dropped their price target for the stock from C$28.00 to C$25.00 in a research report on Friday, February 21st. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of C$29.89.

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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.