Cenovus Energy Inc. (TSE:CVE - Get Free Report) NYSE: CVE declared a quarterly dividend on Thursday, October 31st, Zacks reports. Investors of record on Friday, December 13th will be paid a dividend of 0.18 per share on Tuesday, December 31st. This represents a $0.72 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date is Friday, December 13th.

Shares of Cenovus Energy stock opened at C$22.39 on Friday. Cenovus Energy has a one year low of C$19.82 and a one year high of C$29.96. The stock's fifty day moving average is C$23.60 and its 200 day moving average is C$25.93. The stock has a market cap of C$41.65 billion, a P/E ratio of 8.92, a P/E/G ratio of 0.09 and a beta of 2.63. The company has a debt-to-equity ratio of 33.34, a quick ratio of 1.00 and a current ratio of 1.66.

Cenovus Energy (TSE:CVE - Get Free Report) NYSE: CVE last announced its earnings results on Thursday, August 1st. The company reported C$0.53 EPS for the quarter, missing analysts' consensus estimates of C$0.72 by C($0.19). The company had revenue of C$14.89 billion during the quarter, compared to the consensus estimate of C$13.44 billion. Cenovus Energy had a return on equity of 16.69% and a net margin of 8.54%. Sell-side analysts anticipate that Cenovus Energy will post 2.2619279 earnings per share for the current year.

A number of equities research analysts have commented on CVE shares. Jefferies Financial Group decreased their price target on Cenovus Energy from C$36.00 to C$33.00 and set a "buy" rating on the stock in a report on Monday, September 16th. TD Securities raised Cenovus Energy from a "hold" rating to a "strong-buy" rating in a report on Thursday, October 3rd. Royal Bank of Canada decreased their price target on Cenovus Energy from C$33.00 to C$29.00 in a report on Tuesday, September 17th. Raymond James decreased their price target on Cenovus Energy from C$33.00 to C$32.00 in a report on Tuesday, October 15th. Finally, Scotiabank cut their price objective on Cenovus Energy from C$35.00 to C$34.00 in a research report on Friday, July 12th. Eight analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Cenovus Energy presently has an average rating of "Buy" and a consensus target price of C$32.30.

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In related news, Senior Officer Jeffery George Lawson purchased 4,000 shares of the company's stock in a transaction that occurred on Monday, September 30th. The stock was bought at an average price of C$22.50 per share, for a total transaction of C$90,000.00. In other Cenovus Energy news, Senior Officer Jonathan Michael Mckenzie bought 100,000 shares of the company's stock in a transaction on Friday, September 13th. The stock was acquired at an average price of C$22.25 per share, for a total transaction of C$2,225,000.00. Also, Senior Officer Jeffery George Lawson bought 4,000 shares of the company's stock in a transaction on Monday, September 30th. The shares were acquired at an average price of C$22.50 per share, with a total value of C$90,000.00. Over the last quarter, insiders purchased 152,200 shares of company stock worth $3,459,477. Corporate insiders own 32.03% of the company's stock.

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.

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