Andrew Dahlin Sells 20,000 Shares of Cenovus Energy Inc. (TSE:CVE) Stock

Cenovus Energy Inc. (TSE:CVE) (NYSE:CVE) Senior Officer Andrew Dahlin sold 20,000 shares of the stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of C$27.08, for a total transaction of C$541,682.00.

Andrew Dahlin also recently made the following trade(s):

• On Wednesday, March 20th, Andrew Dahlin sold 25,000 shares of Cenovus Energy stock. The shares were sold at an average price of C$25.99, for a total transaction of C$649,657.50.

Cenovus Energy Trading Down 0.3 %

TSE:CVE opened at C$26.93 on Thursday. The company has a current ratio of 1.56, a quick ratio of 1.00 and a debt-to-equity ratio of 34.64. The stock has a market capitalization of C$50.36 billion, a price-to-earnings ratio of 12.70, a PEG ratio of 0.09 and a beta of 2.79. The firm has a fifty day simple moving average of C$23.30 and a two-hundred day simple moving average of C$24.31. Cenovus Energy Inc. has a 12 month low of C$19.82 and a 12 month high of C$29.18.

Cenovus Energy (TSE:CVE) (NYSE:CVE) last posted its quarterly earnings results on Thursday, February 15th. The company reported C$0.39 EPS for the quarter, topping analysts’ consensus estimates of C$0.33 by C$0.06. The business had revenue of C$13.13 billion during the quarter, compared to analysts’ expectations of C$13.06 billion. Cenovus Energy had a net margin of 7.87% and a return on equity of 14.60%. During the same period last year, the company posted $0.39 earnings per share. Analysts expect that Cenovus Energy Inc. will post 2.6896208 EPS for the current fiscal year.

Cenovus Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Thursday, March 28th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date of this dividend is Thursday, March 14th. Cenovus Energy’s payout ratio is 26.42%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CVE. Scotiabank dropped their price objective on shares of Cenovus Energy from C$31.00 to C$28.00 and set an “outperform” rating for the company in a research note on Tuesday, January 16th. National Bankshares decreased their price target on shares of Cenovus Energy from C$36.00 to C$29.00 and set an “outperform” rating for the company in a research report on Wednesday, January 10th. Jefferies Financial Group upped their price target on shares of Cenovus Energy from C$27.00 to C$28.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Desjardins upped their price target on shares of Cenovus Energy from C$28.00 to C$29.50 and gave the company a “buy” rating in a research report on Friday, March 22nd. Finally, JPMorgan Chase & Co. decreased their price target on shares of Cenovus Energy from C$35.00 to C$34.00 in a research report on Thursday, January 11th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Cenovus Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of C$31.25.

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.