Cenovus Energy Inc. (TSE:CVE - Get Free Report) (NYSE:CVE) Senior Officer Jonathan Michael Mckenzie sold 180,180 shares of the company's stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of C$28.26, for a total transaction of C$5,091,508.42.
Jonathan Michael Mckenzie also recently made the following trade(s):
- On Friday, February 16th, Jonathan Michael Mckenzie acquired 50,000 shares of Cenovus Energy stock. The stock was bought at an average price of C$23.49 per share, for a total transaction of C$1,174,500.00.
Cenovus Energy Price Performance
Cenovus Energy stock opened at C$28.50 on Thursday. Cenovus Energy Inc. has a 12-month low of C$19.82 and a 12-month high of C$29.96. The company has a current ratio of 1.70, a quick ratio of 1.00 and a debt-to-equity ratio of 33.03. The stock has a market cap of C$53.30 billion, a P/E ratio of 11.78, a price-to-earnings-growth ratio of 0.09 and a beta of 2.78. The company has a fifty day simple moving average of C$27.16 and a 200-day simple moving average of C$24.48.
Cenovus Energy (TSE:CVE - Get Free Report) (NYSE:CVE) last announced its quarterly earnings results on Thursday, February 15th. The company reported C$0.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of C$0.33 by C$0.06. The firm had revenue of C$13.13 billion during the quarter, compared to the consensus estimate of C$13.06 billion. Cenovus Energy had a return on equity of 16.11% and a net margin of 8.72%. During the same period in the prior year, the company posted $0.39 earnings per share. Equities analysts expect that Cenovus Energy Inc. will post 2.7862823 EPS for the current fiscal year.
Cenovus Energy Increases Dividend
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The business also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be given a $0.18 dividend. The ex-dividend date is Thursday, May 16th. This is a boost from Cenovus Energy's previous quarterly dividend of $0.14. This represents a $0.72 dividend on an annualized basis and a yield of 2.53%. Cenovus Energy's payout ratio is 30.58%.
Wall Street Analysts Forecast Growth
CVE has been the topic of a number of research analyst reports. Scotiabank cut their target price on Cenovus Energy from C$31.00 to C$28.00 and set an "outperform" rating on the stock in a research report on Tuesday, January 16th. National Bankshares increased their target price on Cenovus Energy from C$29.00 to C$38.00 and gave the stock an "outperform" rating in a research note on Friday, April 19th. Jefferies Financial Group lifted their target price on Cenovus Energy from C$28.00 to C$36.00 and gave the company a "buy" rating in a research report on Friday, April 12th. JPMorgan Chase & Co. reduced their price target on shares of Cenovus Energy from C$35.00 to C$34.00 in a research report on Thursday, January 11th. Finally, Royal Bank of Canada lifted their price objective on shares of Cenovus Energy from C$32.00 to C$33.00 and gave the company an "outperform" rating in a report on Thursday, May 2nd. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of C$33.19.
View Our Latest Stock Report on CVE
Cenovus Energy Company Profile
(
Get Free Report)
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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