Cenovus Energy Inc. (TSE:CVE) Senior Officer Buys C$107,808.00 in Stock

Cenovus Energy Inc. (TSE:CVE) (NYSE:CVE) Senior Officer Karamjit Singh Sandhar bought 6,000 shares of the stock in a transaction on Tuesday, March 4th. The shares were acquired at an average cost of C$17.97 per share, for a total transaction of C$107,808.00.

Karamjit Singh Sandhar also recently made the following trade(s):

• On Wednesday, February 26th, Karamjit Singh Sandhar purchased 5,000 shares of Cenovus Energy stock. The stock was bought at an average cost of C$20.05 per share, with a total value of C$100,250.00.

Cenovus Energy Price Performance

CVE stock traded down C$0.52 during midday trading on Tuesday, reaching C$17.95. The company had a trading volume of 5,834,730 shares, compared to its average volume of 5,031,293. The firm has a 50-day moving average price of C$21.38 and a 200-day moving average price of C$22.52. The company has a market capitalization of C$32.70 billion, a P/E ratio of 8.85, a P/E/G ratio of 0.09 and a beta of 2.63. Cenovus Energy Inc. has a 1 year low of C$17.52 and a 1 year high of C$29.96. The company has a debt-to-equity ratio of 33.59, a current ratio of 1.59 and a quick ratio of 1.00.

Cenovus Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were given a $0.18 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.72 annualized dividend and a yield of 4.01%. Cenovus Energy’s dividend payout ratio (DPR) is presently 35.49%.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. BMO Capital Markets dropped their price objective on Cenovus Energy from C$28.00 to C$25.00 in a report on Friday, December 13th. Royal Bank of Canada lowered their price target on shares of Cenovus Energy from C$28.00 to C$26.00 in a report on Tuesday, January 14th. National Bankshares cut shares of Cenovus Energy from an “outperform” rating to a “sector perform” rating and reduced their price objective for the company from C$28.00 to C$25.00 in a research note on Friday, February 21st. Raymond James increased their target price on shares of Cenovus Energy from C$32.00 to C$33.00 in a research note on Friday, December 13th. Finally, TD Securities cut their price target 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 equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$29.89.

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.