Melanie Anne Little Purchases 2,000 Shares of Cenovus Energy Inc. (TSE:CVE) Stock

Cenovus Energy Inc. (TSE:CVEGet Free Report) (NYSE:CVE) Director Melanie Anne Little bought 2,000 shares of Cenovus Energy stock in a transaction dated Thursday, June 13th. The shares were acquired at an average cost of C$18.43 per share, with a total value of C$36,860.00.

Cenovus Energy Trading Down 0.3 %

Shares of CVE stock opened at C$25.06 on Friday. The company has a current ratio of 1.70, a quick ratio of 1.00 and a debt-to-equity ratio of 33.03. Cenovus Energy Inc. has a twelve month low of C$19.82 and a twelve month high of C$29.96. The company’s 50-day moving average price is C$27.91 and its 200-day moving average price is C$24.83. The stock has a market cap of C$46.86 billion, a price-to-earnings ratio of 10.06, a PEG ratio of 0.09 and a beta of 2.77.

Cenovus Energy (TSE:CVEGet Free Report) (NYSE:CVE) last posted its quarterly earnings results on Wednesday, May 1st. The company reported C$0.62 earnings per share for the quarter, beating the consensus estimate of C$0.47 by C$0.15. The business had revenue of C$13.40 billion during the quarter, compared to analysts’ expectations of C$13.71 billion. Cenovus Energy had a net margin of 8.72% and a return on equity of 16.11%. As a group, equities analysts predict that Cenovus Energy Inc. will post 2.7840467 earnings per share for the current year.

Cenovus Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 28th 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 2.87%. The ex-dividend date of this dividend is Friday, June 14th. Cenovus Energy’s payout ratio is 29.72%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CVE. Raymond James set a C$33.00 price objective on shares of Cenovus Energy and gave the stock an “outperform” rating in a research report on Wednesday, May 29th. Royal Bank of Canada raised their price target on shares of Cenovus Energy from C$32.00 to C$33.00 and gave the company an “outperform” rating in a research note on Thursday, May 2nd. TD Securities lifted their price objective on Cenovus Energy from C$30.00 to C$32.00 and gave the stock a “buy” rating in a report on Thursday, May 2nd. Desjardins raised their target price on Cenovus Energy from C$29.50 to C$31.50 and gave the company a “buy” rating in a research report on Tuesday, April 23rd. Finally, National Bankshares boosted their price target on Cenovus Energy from C$29.00 to C$38.00 and gave the stock an “outperform” rating in a research report on Friday, April 19th. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$33.50.

Get Our Latest Report on CVE

About Cenovus Energy

(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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