Cenovus Energy Inc. (TSE:CVE) Senior Officer Buys C$197,280.00 in Stock

Cenovus Energy Inc. (TSE:CVE - Get Free Report) NYSE: CVE Senior Officer Jeffery George Lawson purchased 9,000 shares of the company's stock in a transaction on Tuesday, September 10th. The stock was purchased at an average cost of C$21.92 per share, for a total transaction of C$197,280.00.

Jeffery George Lawson also recently made the following trade(s):

• On Thursday, August 15th, Jeffery George Lawson purchased 3,500 shares of Cenovus Energy stock. The stock was purchased at an average cost of C$27.21 per share, for a total transaction of C$95,235.00.
• On Monday, August 12th, Jeffery George Lawson acquired 7,500 shares of Cenovus Energy stock. The stock was bought at an average price of C$25.98 per share, with a total value of C$194,850.00.
• On Monday, June 17th, Jeffery George Lawson acquired 2,000 shares of Cenovus Energy stock. The stock was bought at an average price of C$25.24 per share, with a total value of C$50,480.00.

Cenovus Energy Stock Performance

Shares of TSE:CVE traded down C$0.14 during trading on Wednesday, reaching C$21.95. 6,417,232 shares of the stock were exchanged, compared to its average volume of 5,216,009. Cenovus Energy Inc. has a 12 month low of C$19.82 and a 12 month high of C$29.96. The firm has a market cap of C$40.83 billion, a PE ratio of 8.75, a PEG ratio of 0.09 and a beta of 2.67. The stock has a 50-day moving average price of C$25.95 and a 200-day moving average price of C$26.59. The company has a current ratio of 1.66, a quick ratio of 1.00 and a debt-to-equity ratio of 33.34.

Cenovus Energy (TSE:CVE - Get Free Report) NYSE: CVE last issued its quarterly earnings data on Thursday, August 1st. The company reported C$0.53 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of C$0.72 by C($0.19). Cenovus Energy had a return on equity of 16.69% and a net margin of 8.54%. The firm had revenue of C$14.89 billion for the quarter, compared to the consensus estimate of C$13.44 billion. Research analysts expect that Cenovus Energy Inc. will post 2.5066667 EPS for the current fiscal year.

Cenovus Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 27th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.28%. The ex-dividend date of this dividend is Friday, September 13th. Cenovus Energy's dividend payout ratio is presently 28.69%.

Analyst Ratings Changes

CVE has been the subject of several analyst reports. National Bankshares raised their price objective on Cenovus Energy from C$36.00 to C$38.00 and gave the company an "outperform" rating in a report on Friday, August 2nd. Desjardins raised their price objective on Cenovus Energy from C$31.50 to C$33.00 and gave the company a "buy" rating in a report on Tuesday, July 23rd. Scotiabank decreased their price objective on Cenovus Energy from C$35.00 to C$34.00 in a report on Friday, July 12th. Finally, Raymond James set a C$33.00 price objective on Cenovus Energy and gave the company an "outperform" rating in a report on Wednesday, May 29th. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of "Buy" and an average target price of C$34.08.

Cenovus Energy Company Profile

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.