Jonathan Michael Mckenzie Purchases 100,000 Shares of Cenovus Energy Inc. (TSE:CVE) Stock

Cenovus Energy Inc. (TSE:CVE) (NYSE:CVE) Senior Officer Jonathan Michael Mckenzie bought 100,000 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The shares were bought at an average price of C$22.25 per share, with a total value of C$2,225,000.00.

Cenovus Energy Price Performance

Shares of CVE opened at C$22.03 on Friday. 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 company has a 50 day moving average price of C$25.73 and a 200-day moving average price of C$26.54. Cenovus Energy Inc. has a fifty-two week low of C$19.82 and a fifty-two week high of C$29.96. The stock has a market capitalization of C$40.98 billion, a PE ratio of 8.78, a PEG ratio of 0.09 and a beta of 2.67.

Cenovus Energy (TSE:CVE) (NYSE:CVE) last issued its quarterly earnings data on Thursday, August 1st. The company reported C$0.53 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.72 by C($0.19). The company had revenue of C$14.89 billion for 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%. Equities analysts predict that Cenovus Energy Inc. will post 2.5066667 earnings per share for the current fiscal year.

Cenovus Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 27th will be given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date is Friday, September 13th. Cenovus Energy’s payout ratio is currently 28.69%.

Analyst Upgrades and Downgrades

CVE has been the topic of several recent research reports. Raymond James set a C$33.00 target price on shares of Cenovus Energy and gave the company an “outperform” rating in a research report on Wednesday, May 29th. Desjardins raised their price target on Cenovus Energy from C$31.50 to C$33.00 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd. National Bankshares upped their price objective on Cenovus Energy from C$36.00 to C$38.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. Finally, Scotiabank lowered their target price on shares of Cenovus Energy from C$35.00 to C$34.00 in a research note on Friday, July 12th. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of C$34.08.

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.