Cenovus Energy Inc. (TSE:CVE) Director Michael John Crothers Purchases 500 Shares

Cenovus Energy Inc. (TSE:CVE - Get Free Report) NYSE: CVE Director Michael John Crothers acquired 500 shares of the company's stock in a transaction dated Wednesday, December 18th. The shares were bought at an average price of C$21.15 per share, for a total transaction of C$10,575.00.

Michael John Crothers also recently made the following trade(s):

• On Monday, November 4th, Michael John Crothers bought 500 shares of Cenovus Energy stock. The shares were acquired at an average price of C$22.24 per share, with a total value of C$11,120.00.

Cenovus Energy Stock Performance

Shares of Cenovus Energy stock traded down C$0.21 on Wednesday, reaching C$20.92. 9,624,416 shares of the company traded hands, compared to its average volume of 5,342,676. The company has a 50 day moving average of C$22.53 and a 200 day moving average of C$24.47. The company has a debt-to-equity ratio of 33.34, a current ratio of 1.66 and a quick ratio of 1.00. Cenovus Energy Inc. has a 52 week low of C$19.82 and a 52 week high of C$29.96. The firm has a market capitalization of C$38.91 billion, a PE ratio of 8.33, a PEG ratio of 0.09 and a beta of 2.63.

Cenovus Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 3.44%. The ex-dividend date is Friday, December 13th. Cenovus Energy's dividend payout ratio (DPR) is presently 28.69%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. BMO Capital Markets decreased their price objective on shares of Cenovus Energy from C$28.00 to C$25.00 in a report on Friday, December 13th. National Bankshares cut their price objective on shares of Cenovus Energy from C$38.00 to C$31.00 in a research report on Friday, September 27th. TD Securities decreased their target price on Cenovus Energy from C$31.00 to C$29.00 and set a "buy" rating on the stock in a research report on Friday, December 13th. Jefferies Financial Group reduced their target price on shares of Cenovus Energy from C$36.00 to C$33.00 and set a "buy" rating for the company in a research report on Monday, September 16th. Finally, Raymond James upped their price target on shares of Cenovus Energy from C$32.00 to C$33.00 in a research note on Friday, December 13th. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of C$31.50.

About Cenovus Energy

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.