Cenovus Energy Inc. (TSE:CVE) Senior Officer Jeffery George Lawson Buys 9,000 Shares of Stock

Cenovus Energy Inc. (TSE:CVE) (NYSE:CVE) Senior Officer Jeffery George Lawson acquired 9,000 shares of the firm’s stock in a transaction on Tuesday, September 10th. The stock was purchased at an average price of C$21.92 per share, with a total value of C$197,280.00.

Jeffery George Lawson also recently made the following trade(s):

• On Thursday, August 15th, Jeffery George Lawson bought 3,500 shares of Cenovus Energy stock. The stock was acquired at an average cost of C$27.21 per share, for a total transaction of C$95,235.00.
• On Monday, August 12th, Jeffery George Lawson purchased 7,500 shares of Cenovus Energy stock. The shares were acquired at an average cost of C$25.98 per share, with a total value of C$194,850.00.
• On Monday, June 17th, Jeffery George Lawson acquired 2,000 shares of Cenovus Energy stock. The stock was acquired at an average price of C$25.24 per share, for a total transaction of C$50,480.00.

Cenovus Energy Stock Down 0.6 %

Shares of Cenovus Energy stock opened at C$21.95 on Thursday. Cenovus Energy Inc. has a twelve month low of C$19.82 and a twelve month high of C$29.96. The company has a quick ratio of 1.00, a current ratio of 1.66 and a debt-to-equity ratio of 33.34. The company’s 50 day moving average is C$25.95 and its 200 day moving average is C$26.59. The company has a market cap of C$40.83 billion, a price-to-earnings ratio of 8.75, a price-to-earnings-growth ratio of 0.09 and a beta of 2.67.

Cenovus Energy (TSE:CVE) (NYSE:CVE) last released its quarterly earnings results on Thursday, August 1st. The company reported C$0.53 earnings per share for the quarter, missing the consensus estimate of C$0.72 by C($0.19). Cenovus Energy had a net margin of 8.54% and a return on equity of 16.69%. The firm had revenue of C$14.89 billion for the quarter, compared to the consensus estimate of C$13.44 billion. Research analysts anticipate 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. Shareholders of record on Friday, September 27th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.28%. Cenovus Energy’s dividend payout ratio is currently 28.69%.

Analysts Set New Price Targets

CVE has been the topic of a number of analyst reports. National Bankshares boosted their price target 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. Scotiabank reduced their price target on Cenovus Energy from C$35.00 to C$34.00 in a report on Friday, July 12th. Raymond James set a C$33.00 price target on shares of Cenovus Energy and gave the stock an “outperform” rating in a research note on Wednesday, May 29th. Finally, Desjardins raised their price objective on shares of Cenovus Energy from C$31.50 to C$33.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Cenovus Energy currently has a consensus rating of “Buy” and an average price target of C$34.08.

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.