Cenovus Energy Inc. (TSE:CVE) Senior Officer Keith Chiasson Buys 25,000 Shares

Cenovus Energy Inc. (TSE:CVE - Get Free Report) NYSE: CVE Senior Officer Keith Chiasson acquired 25,000 shares of the business's stock in a transaction dated Friday, September 6th. The shares were bought at an average cost of C$23.40 per share, for a total transaction of C$585,000.00.

Cenovus Energy Stock Down 1.4 %

Cenovus Energy stock traded down C$0.31 during midday trading on Monday, hitting C$22.56. 9,313,789 shares of the stock were exchanged, compared to its average volume of 5,178,652. The company has a quick ratio of 1.00, a current ratio of 1.66 and a debt-to-equity ratio of 33.34. The stock has a market capitalization of C$41.96 billion, a price-to-earnings ratio of 9.08, a price-to-earnings-growth ratio of 0.09 and a beta of 2.67. Cenovus Energy Inc. has a 52-week low of C$19.82 and a 52-week high of C$29.96. The business's 50-day moving average price is C$26.24 and its 200-day moving average price is C$26.62.

Cenovus Energy (TSE:CVE - Get Free Report) NYSE: CVE last announced its earnings results on Thursday, August 1st. The company reported C$0.53 earnings per share for the quarter, missing analysts' consensus estimates of C$0.72 by C($0.19). The business had revenue of C$14.89 billion during the quarter, compared to analysts' expectations of C$13.44 billion. Cenovus Energy had a return on equity of 16.69% and a net margin of 8.54%. On average, research analysts expect that Cenovus Energy Inc. will post 2.8703072 EPS for the current fiscal year.

Cenovus Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 27th will be issued a dividend of $0.18 per share. The ex-dividend date is Friday, September 13th. This represents a $0.72 dividend on an annualized basis and a yield of 3.19%. Cenovus Energy's dividend payout ratio (DPR) is presently 28.69%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on CVE. Scotiabank lowered their target price on Cenovus Energy from C$35.00 to C$34.00 in a research report on Friday, July 12th. Raymond James set a C$33.00 price objective on shares of Cenovus Energy and gave the stock an "outperform" rating in a report on Wednesday, May 29th. Desjardins lifted their price objective on shares of Cenovus Energy from C$31.50 to C$33.00 and gave the company a "buy" rating in a report on Tuesday, July 23rd. Finally, National Bankshares upped their target price on shares of Cenovus Energy from C$36.00 to C$38.00 and gave the stock an "outperform" rating in a report on Friday, August 2nd. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Cenovus Energy has an average rating of "Buy" and a consensus price target of C$34.08.

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.