Cenovus Energy Inc. (TSE:CVE - Get Free Report) (NYSE:CVE) Senior Officer Karamjit Singh Sandhar bought 6,000 shares of Cenovus Energy stock in a transaction dated Tuesday, March 4th. The stock was purchased at an average cost of C$17.97 per share, with a total value 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 shares were purchased at an average cost of C$20.05 per share, for a total transaction of C$100,250.00.
Cenovus Energy Stock Performance
TSE CVE opened at C$17.73 on Wednesday. The company has a current ratio of 1.59, a quick ratio of 1.00 and a debt-to-equity ratio of 33.59. The business's 50 day moving average is C$21.31 and its two-hundred day moving average is C$22.46. The stock has a market capitalization of C$32.30 billion, a price-to-earnings ratio of 8.74, a PEG ratio of 0.09 and a beta of 2.63. Cenovus Energy Inc. has a 12-month low of C$17.52 and a 12-month high of C$29.96.
Cenovus Energy Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 4.06%. The ex-dividend date was Friday, December 13th. Cenovus Energy's payout ratio is 35.49%.
Analyst Ratings Changes
A number of analysts recently weighed in on CVE shares. TD Securities decreased 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 research note on Monday, February 24th. National Bank Financial downgraded shares of Cenovus Energy from a "strong-buy" rating to a "hold" rating in a research note on Thursday, February 20th. National Bankshares cut Cenovus Energy from an "outperform" rating to a "sector perform" rating and dropped their price target for the company from C$28.00 to C$25.00 in a research report on Friday, February 21st. BMO Capital Markets reduced their price objective on Cenovus Energy from C$28.00 to C$25.00 in a research note on Friday, December 13th. Finally, Raymond James lifted their target price on Cenovus Energy from C$32.00 to C$33.00 in a research note on Friday, December 13th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of C$29.89.
Check Out Our Latest Report on Cenovus Energy
About Cenovus Energy
(
Get Free Report)
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.
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