Cenovus Energy Inc. (TSE:CVE – Get Free Report) (NYSE:CVE) Senior Officer Andrew Dahlin sold 20,000 shares of the stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of C$27.08, for a total transaction of C$541,682.00.
Andrew Dahlin also recently made the following trade(s):
- On Wednesday, March 20th, Andrew Dahlin sold 25,000 shares of Cenovus Energy stock. The stock was sold at an average price of C$25.99, for a total transaction of C$649,657.50.
Cenovus Energy Stock Down 0.3 %
Shares of CVE opened at C$26.93 on Thursday. The company has a market cap of C$50.36 billion, a PE ratio of 12.70, a P/E/G ratio of 0.09 and a beta of 2.79. The business has a fifty day moving average of C$23.30 and a 200 day moving average of C$24.31. Cenovus Energy Inc. has a 52-week low of C$19.82 and a 52-week high of C$29.18. The company has a quick ratio of 1.00, a current ratio of 1.56 and a debt-to-equity ratio of 34.64.
Cenovus Energy Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Investors of record on Thursday, March 28th will be given a $0.14 dividend. The ex-dividend date is Thursday, March 14th. This represents a $0.56 dividend on an annualized basis and a yield of 2.08%. Cenovus Energy’s dividend payout ratio is presently 26.42%.
Wall Street Analysts Forecast Growth
CVE has been the topic of several recent research reports. Jefferies Financial Group increased their price objective on shares of Cenovus Energy from C$27.00 to C$28.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. CIBC increased their target price on shares of Cenovus Energy from C$30.00 to C$31.00 and gave the stock an “outperform” rating in a report on Friday, March 22nd. JPMorgan Chase & Co. reduced their target price on shares of Cenovus Energy from C$35.00 to C$34.00 in a report on Thursday, January 11th. Scotiabank reduced their target price on shares of Cenovus Energy from C$31.00 to C$28.00 and set an “outperform” rating for the company in a report on Tuesday, January 16th. Finally, National Bankshares reduced their target price on shares of Cenovus Energy from C$36.00 to C$29.00 and set an “outperform” rating for the company in a report on Wednesday, January 10th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$31.25.
Read Our Latest Stock Report on Cenovus Energy
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.
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