Jeffery George Lawson Purchases 9,000 Shares of Cenovus Energy Inc. (TSE:CVE) Stock

Cenovus Energy Inc. (TSE:CVE) (NYSE:CVE) Senior Officer Jeffery George Lawson acquired 9,000 shares of the firm’s stock in a transaction on Tuesday, September 10th. The stock was purchased at an average price of C$21.92 per share, with a total value of C$197,280.00.

Jeffery George Lawson also recently made the following trade(s):

• On Thursday, August 15th, Jeffery George Lawson bought 3,500 shares of Cenovus Energy stock. The stock was acquired at an average price of C$27.21 per share, for a total transaction of C$95,235.00.
• On Monday, August 12th, Jeffery George Lawson purchased 7,500 shares of Cenovus Energy stock. The shares were acquired at an average cost of C$25.98 per share, with a total value of C$194,850.00.
• On Monday, June 17th, Jeffery George Lawson acquired 2,000 shares of Cenovus Energy stock. The stock was acquired at an average cost of C$25.24 per share, for a total transaction of C$50,480.00.

Cenovus Energy Stock Up 0.5 %

Cenovus Energy stock opened at C$22.06 on Friday. The firm has a market capitalization of C$41.03 billion, a price-to-earnings ratio of 8.79, a P/E/G ratio of 0.09 and a beta of 2.67. The firm has a 50 day simple moving average of C$25.84 and a 200 day simple moving average of C$26.56. 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 current ratio of 1.66, a quick ratio of 1.00 and a debt-to-equity ratio of 33.34.

Cenovus Energy (TSE:CVE) (NYSE:CVE) last released its quarterly earnings data on Thursday, August 1st. The company reported C$0.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.72 by C($0.19). Cenovus Energy had a net margin of 8.54% and a return on equity of 16.69%. The company had revenue of C$14.89 billion for the quarter, compared to the consensus estimate of C$13.44 billion. On average, analysts predict that Cenovus Energy Inc. will post 2.5066667 earnings per share for the current year.

Cenovus Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 27th will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date is Friday, September 13th. Cenovus Energy’s payout ratio is 28.69%.

Analyst Upgrades and Downgrades

CVE has been the topic of a number of recent analyst reports. National Bankshares lifted their target price on Cenovus Energy from C$36.00 to C$38.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. Desjardins lifted their price objective on shares of Cenovus Energy from C$31.50 to C$33.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. Raymond James set a C$33.00 target price on shares of Cenovus Energy and gave the company an “outperform” rating in a research note on Wednesday, May 29th. Finally, Scotiabank decreased their price target on shares of Cenovus Energy from C$35.00 to C$34.00 in a research note on Friday, July 12th. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of C$34.08.

About Cenovus Energy

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.