Cenovus Energy Inc. (TSE:CVE) Senior Officer Purchases C$99,313.20 in Stock

Cenovus Energy Inc. (TSE:CVE) (NYSE:CVE) Senior Officer John F. Soini purchased 5,880 shares of the business’s stock in a transaction that occurred on Wednesday, April 9th. The stock was bought at an average cost of C$16.89 per share, for a total transaction of C$99,313.20.

John F. Soini also recently made the following trade(s):

• On Tuesday, March 18th, John F. Soini acquired 4,104 shares of Cenovus Energy stock. The shares were bought at an average cost of C$19.48 per share, with a total value of C$79,945.92.

Cenovus Energy Stock Performance

CVE stock opened at C$15.81 on Friday. Cenovus Energy Inc. has a 1 year low of C$14.48 and a 1 year high of C$29.65. The stock has a market capitalization of C$28.80 billion, a price-to-earnings ratio of 7.79, a PEG ratio of 0.09 and a beta of 2.63. The company has a debt-to-equity ratio of 33.59, a quick ratio of 1.00 and a current ratio of 1.59. The stock’s fifty day moving average is C$19.44 and its two-hundred day moving average is C$21.26.

Cenovus Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 31st were given a $0.18 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.72 annualized dividend and a yield of 4.55%. Cenovus Energy’s dividend payout ratio is presently 35.49%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on CVE shares. National Bankshares cut shares of Cenovus Energy from an “outperform” rating to a “sector perform” rating and reduced their price target for the stock from C$28.00 to C$25.00 in a research report on Friday, February 21st. CIBC reduced their target price on Cenovus Energy from C$32.00 to C$28.00 in a report on Thursday. Raymond James lifted their target price on Cenovus Energy from C$32.00 to C$33.00 in a research report on Friday, December 13th. Scotiabank raised Cenovus Energy to a “strong-buy” rating in a research report on Wednesday, March 19th. Finally, TD Securities decreased their price objective on shares of Cenovus Energy from C$29.00 to C$28.00 and set a “buy” rating for the company in a report on Monday, February 24th. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$29.40.

Cenovus Energy Company Profile

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.