Cenovus Energy Inc. (TSE:CVE) Senior Officer Jeffery George Lawson Acquires 2,000 Shares

Cenovus Energy Inc. (TSE:CVE) (NYSE:CVE) Senior Officer Jeffery George Lawson bought 2,000 shares of Cenovus Energy stock in a transaction on Monday, June 17th. The stock was acquired at an average price of C$25.24 per share, for a total transaction of C$50,480.00.

Cenovus Energy Stock Performance

Shares of Cenovus Energy stock remained flat at C$25.06 during trading hours on Monday. The stock had a trading volume of 8,335,918 shares, compared to its average volume of 5,143,054. The business’s 50-day simple moving average is C$27.91 and its 200 day simple moving average is C$24.83. The firm has a market capitalization of C$46.86 billion, a price-to-earnings ratio of 10.09, a price-to-earnings-growth 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. Cenovus Energy Inc. has a 52 week low of C$19.82 and a 52 week high of C$29.96.

Cenovus Energy (TSE:CVE) (NYSE:CVE) last announced its earnings results on Wednesday, May 1st. The company reported C$0.62 EPS for the quarter, beating the consensus estimate of C$0.47 by C$0.15. The business had revenue of C$13.40 billion for 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%. Sell-side analysts forecast that Cenovus Energy Inc. will post 2.7840467 EPS for the current year.

Cenovus Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 28th will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.72 annualized dividend and a dividend yield of 2.87%. Cenovus Energy’s payout ratio is currently 29.72%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. TD Securities boosted their target price on Cenovus Energy from C$30.00 to C$32.00 and gave the stock a “buy” rating in a research note on Thursday, May 2nd. CIBC upped their price objective on Cenovus Energy from C$31.00 to C$35.00 and gave the stock an “outperform” rating in a research report on Monday, April 22nd. Royal Bank of Canada upped their price objective on Cenovus Energy from C$32.00 to C$33.00 and gave the stock an “outperform” rating in a research report on Thursday, May 2nd. Raymond James set a C$33.00 price objective on Cenovus Energy and gave the stock an “outperform” rating in a research report on Wednesday, May 29th. Finally, Desjardins upped their price objective on Cenovus Energy from C$29.50 to C$31.50 and gave the stock a “buy” rating in a research report on Tuesday, April 23rd. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, Cenovus Energy currently has an average rating of “Moderate Buy” and a consensus target price of C$33.50.

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.