Insider Selling: Cenovus Energy Inc. (TSE:CVE) Senior Officer Sells 18,000 Shares of Stock

Cenovus Energy Inc. (TSE:CVE - Get Free Report) NYSE: CVE Senior Officer Rhona Marie Delfrari sold 18,000 shares of the stock in a transaction dated Monday, April 8th. The stock was sold at an average price of C$29.21, for a total value of C$525,835.80.

Cenovus Energy Stock Up 0.3 %

Shares of TSE CVE traded up C$0.09 during mid-day trading on Monday, reaching C$29.14. 3,910,898 shares of the company traded hands, compared to its average volume of 4,598,888. The company has a debt-to-equity ratio of 34.64, a quick ratio of 1.00 and a current ratio of 1.56. The stock has a market cap of C$54.49 billion, a PE ratio of 13.75, a price-to-earnings-growth ratio of 0.09 and a beta of 2.79. The company's fifty day moving average is C$24.46 and its two-hundred day moving average is C$24.31. Cenovus Energy Inc. has a fifty-two week low of C$19.82 and a fifty-two week high of C$29.25.

Cenovus Energy (TSE:CVE - Get Free Report) NYSE: CVE last issued its quarterly earnings data on Thursday, February 15th. The company reported C$0.39 EPS for the quarter, beating analysts' consensus estimates of C$0.33 by C$0.06. The business had revenue of C$13.13 billion for the quarter, compared to analyst estimates of C$13.06 billion. Cenovus Energy had a return on equity of 14.60% and a net margin of 7.87%. During the same quarter in the prior year, the firm posted $0.39 EPS. On average, analysts expect that Cenovus Energy Inc. will post 2.731203 earnings per share for the current year.

Cenovus Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 28th were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date was Thursday, March 14th. Cenovus Energy's dividend payout ratio (DPR) is currently 26.42%.

Analysts Set New Price Targets

CVE has been the subject of several research analyst reports. CIBC increased their price objective on Cenovus Energy from C$30.00 to C$31.00 and gave the stock an "outperform" rating in a research note on Friday, March 22nd. Scotiabank cut their price target on Cenovus Energy from C$31.00 to C$28.00 and set an "outperform" rating for the company in a research note on Tuesday, January 16th. Jefferies Financial Group raised their price target on Cenovus Energy from C$27.00 to C$28.00 and gave the stock a "buy" rating in a research note on Wednesday, March 6th. BMO Capital Markets raised their price target on Cenovus Energy from C$29.00 to C$33.00 in a research note on Thursday, March 28th. Finally, JPMorgan Chase & Co. cut their price target on Cenovus Energy from C$35.00 to C$34.00 in a research note on Thursday, January 11th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of C$31.58.

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.