Michael John Crothers Buys 500 Shares of Cenovus Energy Inc. (TSE:CVE) Stock

Cenovus Energy Inc. (TSE:CVE) (NYSE:CVE) Director Michael John Crothers acquired 500 shares of the business’s stock in a transaction dated Wednesday, December 18th. The stock was acquired at an average cost of C$21.15 per share, with a total value of C$10,575.00.

Michael John Crothers also recently made the following trade(s):

• On Monday, November 4th, Michael John Crothers purchased 500 shares of Cenovus Energy stock. The stock was acquired at an average price of C$22.24 per share, for a total transaction of C$11,120.00.

Cenovus Energy Trading Up 0.2 %

Shares of TSE:CVE opened at C$20.71 on Friday. The business’s 50 day simple moving average is C$22.37 and its 200 day simple moving average is C$24.37. 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 debt-to-equity ratio of 33.34, a current ratio of 1.66 and a quick ratio of 1.00. The company has a market capitalization of C$38.52 billion, a P/E ratio of 8.25, a P/E/G ratio of 0.09 and a beta of 2.63.

Cenovus Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 3.48%. The ex-dividend date is Friday, December 13th. Cenovus Energy’s dividend payout ratio (DPR) is currently 28.69%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on CVE shares. TD Securities decreased their price objective on shares of Cenovus Energy from C$31.00 to C$29.00 and set a “buy” rating on the stock in a report on Friday, December 13th. Raymond James upped their price target on shares of Cenovus Energy from C$32.00 to C$33.00 in a research note on Friday, December 13th. National Bankshares cut their price objective on shares of Cenovus Energy from C$31.00 to C$29.00 and set an “outperform” rating for the company in a research report on Thursday. Jefferies Financial Group decreased their target price on Cenovus Energy from C$33.00 to C$32.00 and set a “buy” rating on the stock in a research report on Friday. Finally, Royal Bank of Canada lowered their target price on Cenovus Energy from C$29.00 to C$28.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of C$31.20.

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.