Cenovus Energy Inc. (TSE:CVE) Senior Officer Karamjit Singh Sandhar Purchases 5,000 Shares of Stock

Cenovus Energy Inc. (TSE:CVE) (NYSE:CVE) Senior Officer Karamjit Singh Sandhar bought 5,000 shares of the stock in a transaction dated Wednesday, February 26th. The shares were bought at an average price of C$20.05 per share, for a total transaction of C$100,250.00.

Cenovus Energy Stock Down 0.9 %

Cenovus Energy stock opened at C$19.95 on Thursday. Cenovus Energy Inc. has a twelve month low of C$19.80 and a twelve month high of C$29.96. The stock’s fifty day simple moving average is C$21.48 and its 200-day simple moving average is C$22.67. The company has a current ratio of 1.59, a quick ratio of 1.00 and a debt-to-equity ratio of 33.59. The firm has a market capitalization of C$36.34 billion, a P/E ratio of 9.83, a P/E/G ratio of 0.09 and a beta of 2.63.

Cenovus Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date was Friday, December 13th. Cenovus Energy’s dividend payout ratio is currently 35.49%.

Wall Street Analyst Weigh In

CVE has been the topic of several recent research reports. Royal Bank of Canada lowered their target price on Cenovus Energy from C$28.00 to C$26.00 in a report on Tuesday, January 14th. BMO Capital Markets reduced their price target on shares of Cenovus Energy from C$28.00 to C$25.00 in a research report on Friday, December 13th. National Bankshares lowered shares of Cenovus Energy from an “outperform” rating to a “sector perform” rating and reduced their price target for the company from C$28.00 to C$25.00 in a research report on Friday, February 21st. Raymond James lifted their price target on shares of Cenovus Energy from C$32.00 to C$33.00 in a research report on Friday, December 13th. Finally, TD Securities reduced their price target on shares of Cenovus Energy from C$29.00 to C$28.00 and set a “buy” rating on the stock in a research report on Monday. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$29.89.

About Cenovus Energy

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.