Cenovus Energy Inc. (TSE:CVE – Get Rating) (NYSE:CVE) Director Alex Pourbaix sold 200,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 15th. The stock was sold at an average price of C$24.79, for a total transaction of C$4,957,920.00. Following the sale, the director now owns 1,129,894 shares of the company’s stock, valued at C$28,009,620.30.
Cenovus Energy Stock Performance
TSE CVE opened at C$24.83 on Tuesday. The firm’s fifty day moving average price is C$23.48 and its two-hundred day moving average price is C$23.90. The stock has a market cap of C$47.95 billion and a PE ratio of 12.05. Cenovus Energy Inc. has a fifty-two week low of C$10.48 and a fifty-two week high of C$31.19. The company has a debt-to-equity ratio of 53.62, a quick ratio of 1.08 and a current ratio of 1.73.
Cenovus Energy (TSE:CVE – Get Rating) (NYSE:CVE) last posted its earnings results on Thursday, July 28th. The company reported C$1.19 earnings per share for the quarter, topping analysts’ consensus estimates of C$1.15 by C$0.04. The company had revenue of C$19.17 billion for the quarter, compared to the consensus estimate of C$16.97 billion. On average, equities analysts expect that Cenovus Energy Inc. will post 4.3424834 EPS for the current fiscal year.
Cenovus Energy Announces Dividend
Analyst Ratings Changes
Several equities research analysts have issued reports on CVE shares. CIBC cut their price objective on shares of Cenovus Energy from C$34.00 to C$32.00 in a research report on Wednesday, August 31st. Scotiabank lifted their price target on shares of Cenovus Energy from C$25.00 to C$34.00 in a research report on Wednesday, June 8th. National Bankshares dropped their price target on shares of Cenovus Energy from C$41.00 to C$38.00 and set an “outperform” rating for the company in a research report on Monday, July 18th. Raymond James lifted their price target on shares of Cenovus Energy from C$27.00 to C$30.00 and gave the company an “outperform” rating in a research report on Tuesday, July 5th. Finally, CSFB set a C$37.00 price target on shares of Cenovus Energy and gave the company an “outperform” rating in a research report on Thursday, August 11th. Sixteen equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of C$27.97.
Cenovus Energy Company Profile
Cenovus Energy Inc, together with its subsidiaries, develops, produces, and markets crude oil, natural gas liquids, and natural gas in Canada, the United States, and the Asia Pacific region. The company operates through Oil Sands, Conventional, Offshore, Canadian Manufacturing, U.S. Manufacturing, and Retail segments.
- Oracle’s Short-Term Pain Could Be Your Long-Term Gain
- Lucid is Looking Like a Clear EV Winner
- Still Lovin’ It: Investors Keep Visiting McDonald’s
- Did FedEx Just Deliver A Buying Opportunity?
- Autozone Shifts Back Into Rally-Mode, New Highs Are In Sight
Receive News & Ratings for Cenovus Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cenovus Energy and related companies with MarketBeat.com's FREE daily email newsletter.