Cenovus Energy Inc. (TSE:CVE - Get Free Report) (NYSE:CVE) Director Alex Pourbaix sold 200,000 shares of the firm's stock in a transaction on Wednesday, June 19th. The shares were sold at an average price of C$25.58, for a total value of C$5,115,360.00.
Alex Pourbaix also recently made the following trade(s):
- On Monday, June 17th, Alex Pourbaix sold 200,000 shares of Cenovus Energy stock. The shares were sold at an average price of C$25.14, for a total value of C$5,028,880.00.
Cenovus Energy Stock Performance
TSE CVE opened at C$25.56 on Thursday. The company has a market cap of C$47.80 billion, a P/E ratio of 10.27, a P/E/G ratio of 0.09 and a beta of 2.77. The company has a debt-to-equity ratio of 33.03, a current ratio of 1.70 and a quick ratio of 1.00. The stock has a 50-day moving average of C$27.67 and a two-hundred day moving average of C$24.86. Cenovus Energy Inc. has a 1-year low of C$19.82 and a 1-year high of C$29.96.
Cenovus Energy (TSE:CVE - Get Free Report) (NYSE:CVE) last released its earnings results on Wednesday, May 1st. The company reported C$0.62 earnings per share for the quarter, beating the consensus estimate of C$0.47 by C$0.15. The company had revenue of C$13.40 billion during the quarter, compared to the consensus estimate of C$13.71 billion. Cenovus Energy had a return on equity of 16.11% and a net margin of 8.72%. As a group, analysts anticipate that Cenovus Energy Inc. will post 2.7840467 EPS for the current year.
Cenovus Energy Announces Dividend
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The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 28th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 2.82%. The ex-dividend date of this dividend is Friday, June 14th. Cenovus Energy's dividend payout ratio is currently 29.72%.
Wall Street Analysts Forecast Growth
Several research analysts have recently commented on the company. TD Securities lifted their price target on Cenovus Energy from C$30.00 to C$32.00 and gave the stock a "buy" rating in a report on Thursday, May 2nd. CIBC lifted their price target on Cenovus Energy from C$31.00 to C$35.00 and gave the stock an "outperform" rating in a report on Monday, April 22nd. Jefferies Financial Group lifted their price target on Cenovus Energy from C$28.00 to C$36.00 and gave the stock a "buy" rating in a report on Friday, April 12th. National Bankshares lifted their price target on Cenovus Energy from C$29.00 to C$38.00 and gave the stock an "outperform" rating in a report on Friday, April 19th. Finally, Desjardins lifted their price target on Cenovus Energy from C$29.50 to C$31.50 and gave the stock a "buy" rating in a report on Tuesday, April 23rd. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, Cenovus Energy presently has an average rating of "Moderate Buy" and an average target price of C$33.50.
Check Out Our Latest Stock Report on Cenovus Energy
Cenovus Energy Company Profile
(
Get Free Report)
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.
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