Michael John Crothers Acquires 500 Shares of Cenovus Energy Inc. (TSE:CVE) Stock

Cenovus Energy Inc. (TSE:CVE) (NYSE:CVE) Director Michael John Crothers bought 500 shares of Cenovus Energy stock in a transaction on Wednesday, December 18th. The stock was acquired at an average price of C$21.15 per share, with a total value of C$10,575.00.

Michael John Crothers also recently made the following trade(s):

• On Monday, November 4th, Michael John Crothers purchased 500 shares of Cenovus Energy stock. The shares were bought at an average price of C$22.24 per share, for a total transaction of C$11,120.00.

Cenovus Energy Price Performance

CVE opened at C$20.66 on Friday. The stock has a market cap of C$38.43 billion, a P/E ratio of 8.23, a P/E/G ratio of 0.09 and a beta of 2.63. 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 quick ratio of 1.00, a current ratio of 1.66 and a debt-to-equity ratio of 33.34. The company has a fifty day simple moving average of C$22.44 and a 200 day simple moving average of C$24.42.

Cenovus Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.48%. The ex-dividend date is Friday, December 13th. Cenovus Energy’s dividend payout ratio is currently 28.69%.

Analyst Ratings Changes

A number of research firms have weighed in on CVE. Jefferies Financial Group cut their target price on shares of Cenovus Energy from C$36.00 to C$33.00 and set a “buy” rating for the company in a research report on Monday, September 16th. National Bankshares decreased their target price on Cenovus Energy from C$31.00 to C$29.00 and set an “outperform” rating on the stock in a research report on Thursday. Raymond James upped their target price on shares of Cenovus Energy from C$32.00 to C$33.00 in a research note on Friday, December 13th. BMO Capital Markets decreased their price objective on Cenovus Energy from C$28.00 to C$25.00 in a report on Friday, December 13th. Finally, TD Securities decreased their price objective on shares of Cenovus Energy from C$31.00 to C$29.00 and set a “buy” rating on the stock in a report on Friday, December 13th. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of C$31.30.

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.