Cenovus Energy Inc (TSE:CVE) (NYSE:CVE) Director Alex Pourbaix bought 81,433 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The stock was acquired at an average cost of C$12.28 per share, with a total value of C$999,997.24.
Shares of Cenovus Energy Inc (CVE) traded down C$0.49 on Tuesday, reaching C$12.49. The company had a trading volume of 4,288,835 shares, compared to its average volume of 3,782,859. Cenovus Energy Inc has a 12 month low of C$8.89 and a 12 month high of C$22.06.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be given a $0.05 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.20 dividend on an annualized basis and a yield of 1.60%. Cenovus Energy’s dividend payout ratio is presently 6.99%.
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A number of research firms recently weighed in on CVE. National Bank Financial raised their target price on shares of Cenovus Energy from C$11.00 to C$12.50 and gave the company a “sector perform” rating in a report on Tuesday, September 26th. Barclays PLC raised their target price on shares of Cenovus Energy from C$15.00 to C$17.00 and gave the company an “overweight” rating in a report on Tuesday, September 26th. Raymond James Financial, Inc. raised their target price on shares of Cenovus Energy to C$9.00 and gave the company an “underperform” rating in a report on Friday, July 28th. Scotiabank lowered shares of Cenovus Energy from an “outperform” rating to a “sector perform” rating and set a C$14.00 target price for the company. in a report on Wednesday, November 15th. Finally, Canaccord Genuity raised their target price on shares of Cenovus Energy from C$14.00 to C$14.50 in a report on Wednesday, September 6th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of C$15.50.
Cenovus Energy Company Profile
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