Cenovus Energy Inc. (TSE:CVE) Director Michael John Crothers Purchases 500 Shares of Stock

Cenovus Energy Inc. (TSE:CVE) (NYSE:CVE) Director Michael John Crothers purchased 500 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The stock was purchased at an average price of C$22.24 per share, for a total transaction of C$11,120.00.

Cenovus Energy Stock Performance

CVE opened at C$22.55 on Tuesday. Cenovus Energy Inc. has a 1 year low of C$19.82 and a 1 year high of C$29.96. The company has a debt-to-equity ratio of 33.34, a current ratio of 1.66 and a quick ratio of 1.00. The company has a market capitalization of C$41.94 billion, a PE ratio of 8.98, a price-to-earnings-growth ratio of 0.09 and a beta of 2.63. The business has a fifty day simple moving average of C$23.47 and a 200 day simple moving average of C$25.84.

Cenovus Energy Announces Dividend

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

Wall Street Analyst Weigh In

Several analysts have commented on CVE shares. Raymond James dropped their target price on shares of Cenovus Energy from C$33.00 to C$32.00 in a research report on Tuesday, October 15th. Desjardins boosted their price target on Cenovus Energy from C$31.50 to C$33.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. Jefferies Financial Group cut their price objective on shares of Cenovus Energy from C$36.00 to C$33.00 and set a “buy” rating on the stock in a research report on Monday, September 16th. National Bankshares dropped their target price on Cenovus Energy from C$38.00 to C$31.00 in a report on Friday, September 27th. Finally, Royal Bank of Canada cut their price target on shares of Cenovus Energy from C$29.00 to C$28.00 and set an “outperform” rating for the company in a research note on Friday. Nine analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus 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.