Jonathan Michael Mckenzie Purchases 100,000 Shares of Cenovus Energy Inc. (TSE:CVE) Stock

Cenovus Energy Inc. (TSE:CVE) (NYSE:CVE) Senior Officer Jonathan Michael Mckenzie purchased 100,000 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were bought at an average price of C$22.25 per share, with a total value of C$2,225,000.00.

Cenovus Energy Stock Up 0.7 %

TSE CVE opened at C$22.03 on Friday. Cenovus Energy Inc. has a twelve month low of C$19.82 and a twelve month high of C$29.96. The stock has a market cap of C$40.98 billion, a PE ratio of 8.78, a PEG ratio of 0.09 and a beta of 2.67. The firm has a 50-day simple moving average of C$25.73 and a 200 day simple moving average of C$26.53. The company has a debt-to-equity ratio of 33.34, a quick ratio of 1.00 and a current ratio of 1.66.

Cenovus Energy (TSE:CVE) (NYSE:CVE) last posted its quarterly earnings results on Thursday, August 1st. The company reported C$0.53 EPS for the quarter, missing the consensus estimate 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 firm had revenue of C$14.89 billion during the quarter, compared to analyst estimates of C$13.44 billion. On average, research analysts forecast that Cenovus Energy Inc. will post 2.5066667 EPS for the current year.

Cenovus Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 27th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.72 dividend on an annualized basis and a yield of 3.27%. Cenovus Energy’s dividend payout ratio is currently 28.69%.

Wall Street Analyst Weigh In

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

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.