Cenovus Energy Inc (CVE) Insider Purchases C$25,296.00 in Stock

Cenovus Energy Inc (TSE:CVE) (NYSE:CVE) insider Keith Chiasson acquired 2,635 shares of Cenovus Energy stock in a transaction that occurred on Monday, March 5th. The shares were bought at an average price of C$9.60 per share, with a total value of C$25,296.00.

Shares of TSE:CVE opened at C$10.97 on Friday. Cenovus Energy Inc has a 1 year low of C$8.89 and a 1 year high of C$17.81.

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Cenovus Energy (TSE:CVE) (NYSE:CVE) last released its quarterly earnings results on Thursday, February 15th. The company reported C($0.43) EPS for the quarter, missing the Zacks’ consensus estimate of C$0.12 by C($0.55). The business had revenue of C$5.08 billion for the quarter, compared to the consensus estimate of C$4.97 billion. Cenovus Energy had a negative return on equity of 16.53% and a negative net margin of 15.99%.

The business also recently declared a quarterly dividend, which was paid on Thursday, March 29th. Stockholders of record on Thursday, March 15th were given a $0.05 dividend. The ex-dividend date was Wednesday, March 14th. This represents a $0.20 annualized dividend and a dividend yield of 1.82%.

A number of research analysts have issued reports on CVE shares. National Bank Financial reduced their price target on Cenovus Energy from C$13.50 to C$12.50 and set a “sector perform” rating for the company in a research report on Friday, March 23rd. Citigroup boosted their target price on Cenovus Energy from C$10.00 to C$13.00 in a research report on Monday, December 11th. TD Securities cut their target price on Cenovus Energy from C$14.00 to C$12.00 and set a “hold” rating on the stock in a research report on Friday, February 16th. AltaCorp Capital raised Cenovus Energy from a “sector perform” rating to an “outperform” rating in a research report on Friday, February 16th. Finally, Eight Capital set a C$15.00 price target on Cenovus Energy and gave the company a “neutral” rating in a research report on Thursday, January 11th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. Cenovus Energy has an average rating of “Hold” and a consensus target price of C$15.17.

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About Cenovus Energy

Cenovus Energy Inc is a Canada-based integrated oil company. It operates in the business of developing, producing and marketing crude oil, Natural Gas Liquids (NGLs) and natural gas in Canada. The Company also conducts marketing activities and owns refining interests in the United States (U.S.). Its segments include: Oil Sands, which includes the development and production of bitumen and natural gas in northeast Alberta; Conventional, which includes the development and production of conventional crude oil, NGLs and natural gas in Alberta and Saskatchewan, including the heavy oil assets at Pelican Lake, the carbon dioxide (CO2) enhanced oil recovery (EOR) project at Weyburn and emerging tight oil opportunities; Refining and Marketing, which includes transporting and selling crude oil and natural gas and joint ownership of refineries in the U.S., as well as Corporate and Eliminations.

Insider Buying and Selling by Quarter for Cenovus Energy (TSE:CVE)

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