Geoffrey Murray Purchases 3,200 Shares of Cenovus Energy Inc. (TSE:CVE) Stock

Cenovus Energy Inc. (TSE:CVE) (NYSE:CVE) Senior Officer Geoffrey Murray purchased 3,200 shares of the firm’s stock in a transaction that occurred on Tuesday, September 17th. The shares were acquired at an average cost of C$22.54 per share, with a total value of C$72,112.00.

Cenovus Energy Stock Up 0.9 %

Shares of CVE traded up C$0.20 during mid-day trading on Tuesday, reaching C$22.56. The company had a trading volume of 2,329,838 shares, compared to its average volume of 5,297,660. The company has a market capitalization of C$41.96 billion, a price-to-earnings ratio of 8.91, a price-to-earnings-growth ratio of 0.09 and a beta of 2.67. Cenovus Energy Inc. has a 52 week low of C$19.82 and a 52 week high of C$29.96. The company has a debt-to-equity ratio of 33.34, a quick ratio of 1.00 and a current ratio of 1.66. The firm has a 50-day moving average price of C$25.64 and a 200 day moving average price of C$26.56.

Cenovus Energy (TSE:CVE) (NYSE:CVE) last released its quarterly earnings data on Thursday, August 1st. The company reported C$0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.72 by C($0.19). The business had revenue of C$14.89 billion during the quarter, compared to the consensus estimate of C$13.44 billion. Cenovus Energy had a net margin of 8.54% and a return on equity of 16.69%. On average, sell-side analysts forecast that Cenovus Energy Inc. will post 2.5066667 EPS for the current year.

Cenovus Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 27th will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.72 annualized dividend and a dividend yield of 3.19%. Cenovus Energy’s payout ratio is 28.69%.

Wall Street Analysts Forecast Growth

A number of research firms 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. Jefferies Financial Group decreased their target price on Cenovus Energy from C$36.00 to C$33.00 and set a “buy” rating for the company in a research report on Monday. Desjardins raised their target price on Cenovus Energy from C$31.50 to C$33.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. National Bankshares raised their target price on Cenovus Energy from C$36.00 to C$38.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. Finally, Raymond James set a C$33.00 price target on Cenovus Energy and gave the company an “outperform” rating in a research report on Wednesday, May 29th. Nine research analysts have rated the stock with a buy rating, According to MarketBeat, Cenovus Energy has an average rating of “Buy” and an average price target of C$33.85.

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.