Key Points
- Insider John Soini sold 10,275 shares of Cenovus on March 25 at an average price of C$35.13 for proceeds of C$360,960.75, cutting his ownership by 82.94% to 2,114 shares (valued C$74,264.82).
- Cenovus shares opened at C$35.85 with a one‑year range of C$14.48–C$36.04, a market cap of C$67.37 billion and a P/E of 16.67 (50‑day/200‑day moving averages: C$29.63/C$25.99).
- The company declared a quarterly dividend of C$0.20 (annualized C$0.80, yield 2.2%, ex‑dividend Mar 13, payable Mar 31) and carries a MarketBeat consensus rating of "Buy" with an average price target of C$32.67 after several recent analyst upgrades.
Cenovus Energy Inc. (TSE:CVE - Get Free Report) (NYSE:CVE) insider John Soini sold 10,275 shares of Cenovus Energy stock in a transaction dated Wednesday, March 25th. The shares were sold at an average price of C$35.13, for a total value of C$360,960.75. Following the sale, the insider directly owned 2,114 shares in the company, valued at C$74,264.82. The trade was a 82.94% decrease in their ownership of the stock.
Cenovus Energy Stock Performance
Cenovus Energy stock opened at C$35.85 on Thursday. The business has a 50 day moving average of C$29.63 and a 200-day moving average of C$25.99. Cenovus Energy Inc. has a 1 year low of C$14.48 and a 1 year high of C$36.04. The company has a debt-to-equity ratio of 53.80, a current ratio of 1.57 and a quick ratio of 1.00. The company has a market capitalization of C$67.37 billion, a P/E ratio of 16.67, a P/E/G ratio of 0.09 and a beta of 0.63.
Cenovus Energy (TSE:CVE - Get Free Report) (NYSE:CVE) last issued its quarterly earnings data on Thursday, February 19th. The company reported C$0.50 earnings per share (EPS) for the quarter. Cenovus Energy had a net margin of 7.91% and a return on equity of 13.16%. The business had revenue of C$10.88 billion during the quarter. On average, equities research analysts predict that Cenovus Energy Inc. will post 2.2619279 earnings per share for the current year.
Cenovus Energy Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 31st will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.2%. The ex-dividend date is Friday, March 13th. Cenovus Energy's dividend payout ratio is 36.28%.
Wall Street Analysts Forecast Growth
CVE has been the topic of a number of recent research reports. Royal Bank Of Canada lifted their price target on shares of Cenovus Energy from C$31.00 to C$32.00 and gave the stock an "outperform" rating in a report on Friday, February 20th. Scotiabank raised their target price on Cenovus Energy from C$30.00 to C$34.00 and gave the stock an "outperform" rating in a research report on Friday, February 20th. Veritas raised Cenovus Energy from a "strong sell" rating to a "strong-buy" rating in a report on Tuesday, March 10th. Jefferies Financial Group upped their price target on Cenovus Energy from C$30.00 to C$37.00 in a research report on Monday, March 16th. Finally, The Goldman Sachs Group raised Cenovus Energy to a "strong-buy" rating in a research note on Friday, January 2nd. Three equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Cenovus Energy has a consensus rating of "Buy" and an average price target of C$32.67.
Get Our Latest Stock Analysis on Cenovus Energy
About Cenovus Energy
(
Get Free Report)
Cenovus Energy is an integrated oil company, focused on creating value through the development of its oil sands assets. The company also engages in production of conventional crude oil, natural gas liquids, and natural gas in Alberta, Canada, with refining operations in the U.S. Net upstream production averaged 472 thousand barrels of oil equivalent per day in 2020, and the company estimates that it holds 6.7 billion boe of proven and probable reserves.
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