<div id="readability-page-1"><p>Cenovus Energy Inc. (TSE:CVE - Get Free Report) <span>NYSE: CVE<span></span></span> Director Michael John Crothers purchased 2,000 shares of the company's stock in a transaction that occurred on Monday, December 15th. The shares were purchased at an average price of C$24.23 per share, for a total transaction of C$48,460.00. Following the completion of the transaction, the director directly owned 8,000 shares of the company's stock, valued at C$193,840. This represents a 33.33% increase in their ownership of the stock.</p><div><p><span></span><span>Get <strong>Cenovus Energy</strong> alerts:</span></p></div><h2>Cenovus Energy Stock Down 2.4%</h2><p>TSE:CVE traded down C$0.60 during mid-day trading on Monday, hitting C$24.23. 6,672,744 shares of the company's stock were exchanged, compared to its average volume of 8,488,197. The company has a market cap of C$45.71 billion, a PE ratio of 14.01, a P/E/G ratio of 0.09 and a beta of 0.47. The company has a debt-to-equity ratio of 33.59, a current ratio of 1.59 and a quick ratio of 1.00. Cenovus Energy Inc. has a one year low of C$14.48 and a one year high of C$26.36. The business has a fifty day moving average price of C$24.53 and a 200 day moving average price of C$22.21. </p><p>Cenovus Energy (TSE:CVE - Get Free Report) <span>NYSE: CVE<span></span></span> last released its earnings results on Friday, October 31st. The company reported C$0.72 earnings per share (EPS) for the quarter. The firm had revenue of C$13.20 billion during the quarter. Cenovus Energy had a net margin of 6.72% and a return on equity of 12.67%.  Equities analysts predict that  Cenovus Energy Inc. will post 2.2619279 EPS for the current year. </p><h2>Cenovus Energy Announces Dividend</h2><p>The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 31st will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date is Monday, December 15th. Cenovus Energy's dividend payout ratio (DPR) is currently 43.93%. </p><h2>Analysts Set New Price Targets</h2><p>Several equities research analysts recently weighed in on CVE shares. Raymond James Financial raised shares of Cenovus Energy from an &#34;outperform&#34; rating to a &#34;strong-buy&#34; rating and raised their price target for the company from C$30.00 to C$32.00 in a research report on Thursday, October 9th. National Bank Financial raised Cenovus Energy from a &#34;hold&#34; rating to a &#34;strong-buy&#34; rating in a report on Friday, August 22nd. ATB Capital boosted their price target on Cenovus Energy from C$25.00 to C$28.00 and gave the stock an &#34;outperform&#34; rating in a research note on Monday, August 25th. Desjardins increased their price objective on Cenovus Energy from C$33.00 to C$33.50 and gave the company a &#34;buy&#34; rating in a research report on Friday. Finally, Jefferies Financial Group lifted their price objective on Cenovus Energy from C$25.00 to C$29.00 and gave the stock a &#34;buy&#34; rating in a report on Tuesday, September 2nd. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned  a Buy rating and one  has assigned  a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of &#34;Buy&#34; and an average target price of C$29.59.</p><p><b>Get Our Latest Report on CVE</b></p><h2>About Cenovus Energy</h2> (Get Free Report)<p>Cenovus Energy is an integrated oil company, focused on creating value through the development of its oil sands assets. The company also engages in production of conventional crude oil, natural gas liquids, and natural gas in Alberta, Canada, with refining operations in the U.S. Net upstream production averaged 472 thousand barrels of oil equivalent per day in 2020, and the company estimates that it holds 6.7 billion boe of proven and probable reserves.</p><h2>Recommended Stories</h2><ul><li>Five stocks we like better than Cenovus Energy</li><li>How to Capture the Benefits of Dividend Increases</li><li>The Vertiv Pullback: Ignore the Noise, Buy the Data</li><li>Expert Stock Trading Psychology Tips</li><li>Insiders Buy Natural Gas Stocks: 2 for the Watchlist</li><li>Trading Halts Explained</li><li>Rivian’s Autonomy Bombshell Changes Everything—Even Its Valuation</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/InsiderTradesChart.ashx/query-UHJlZml4PVRTRSZTeW1ib2w9Q1ZF?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/InsiderTradesChart.ashx/query-UHJlZml4PVRTRSZTeW1ib2w9Q1ZF"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Cenovus Energy Right Now?</h2><p>Before you consider Cenovus Energy, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cenovus Energy wasn't on the list.</p><p>While Cenovus Energy currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Cenovus Energy Director Michael John Crothers purchased 2,000 shares at C$24.23 each, totaling C$48,460, increasing his ownership by 33.33%. The stock traded down 2.4% to C$24.23. Analysts have given the stock a consensus "Buy" rating with a target price of C$29.59. Cenovus Energy focuses on oil sands development and has refining operations in the U.S.</p>

Insider Buying: Cenovus Energy (TSE:CVE) Director Acquires 2,000 Shares of Stock