Cenovus Energy Inc. (TSE:CVE) Director Buys C$11,120.00 in Stock

Cenovus Energy Inc. (TSE:CVE - Get Free Report) NYSE: CVE Director Michael John Crothers acquired 500 shares of the stock in a transaction dated Monday, November 4th. The stock was purchased at an average cost 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 up C$0.66 during trading hours on Monday, hitting C$22.55. 6,112,405 shares of the company's stock traded hands, compared to its average volume of 5,318,398. Cenovus Energy Inc. has a 12-month low of C$19.82 and a 12-month high of C$29.96. The stock has a market capitalization of C$41.94 billion, a price-to-earnings ratio of 8.98, a PEG ratio of 0.09 and a beta of 2.63. The company has a fifty day simple moving average of C$23.47 and a 200-day simple moving average of C$25.84. 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 (TSE:CVE - Get Free Report) NYSE: CVE last posted 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 company had revenue of C$14.89 billion for the quarter, compared to analysts' expectations of C$13.44 billion. Cenovus Energy had a net margin of 8.54% and a return on equity of 16.69%. Equities research analysts anticipate that Cenovus Energy Inc. will post 2.2619279 EPS for the current fiscal year.

Cenovus Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be given a $0.18 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.72 annualized dividend and a yield of 3.19%. Cenovus Energy's payout ratio is currently 28.69%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on CVE shares. Raymond James decreased their target price on shares of Cenovus Energy from C$33.00 to C$32.00 in a research report on Tuesday, October 15th. Jefferies Financial Group decreased 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. Royal Bank of Canada decreased their target price on shares of Cenovus Energy from C$29.00 to C$28.00 and set an "outperform" rating for the company in a research report on Friday. Scotiabank decreased their target price on shares of Cenovus Energy from C$35.00 to C$34.00 in a research report on Friday, July 12th. Finally, National Bankshares reduced their price objective on shares of Cenovus Energy from C$38.00 to C$31.00 in a research report on Friday, September 27th. Nine investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Buy" and an average target price of C$31.90.

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.