Cenovus Energy Inc. (TSE:CVE) Senior Officer Sells C$236,741.20 in Stock

Cenovus Energy Inc. (TSE:CVE) (NYSE:CVE) Senior Officer Rhona Marie Delfrari sold 9,027 shares of Cenovus Energy stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of C$26.23, for a total value of C$236,741.20.

Rhona Marie Delfrari also recently made the following trade(s):

• On Monday, April 8th, Rhona Marie Delfrari sold 18,000 shares of Cenovus Energy stock. The stock was sold at an average price of C$29.21, for a total value of C$525,835.80.

Cenovus Energy Trading Down 0.3 %

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

Cenovus Energy (TSE:CVE) (NYSE:CVE) last released its earnings results on Wednesday, May 1st. The company reported C$0.62 EPS for the quarter, beating analysts’ consensus estimates of C$0.47 by C$0.15. The firm had revenue of C$13.40 billion for the quarter, compared to analysts’ expectations of C$13.71 billion. Cenovus Energy had a return on equity of 16.11% and a net margin of 8.72%. On average, equities analysts forecast that Cenovus Energy Inc. will post 2.7840467 EPS for the current year.

Cenovus Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 28th will be paid a dividend of $0.18 per share. The ex-dividend date is Friday, June 14th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.87%. Cenovus Energy’s dividend payout ratio is 29.72%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CVE. Raymond James set a C$33.00 target price on Cenovus Energy and gave the stock an “outperform” rating in a report on Wednesday, May 29th. BMO Capital Markets lifted their target price on Cenovus Energy from C$29.00 to C$33.00 in a report on Thursday, March 28th. CIBC lifted their target price on Cenovus Energy from C$31.00 to C$35.00 and gave the stock an “outperform” rating in a report on Monday, April 22nd. TD Securities boosted their price objective on Cenovus Energy from C$30.00 to C$32.00 and gave the stock a “buy” rating in a research note on Thursday, May 2nd. Finally, Jefferies Financial Group boosted their price objective on Cenovus Energy from C$28.00 to C$36.00 and gave the stock a “buy” rating in a research note on Friday, April 12th. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$33.50.

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.