Jefferies Financial Group Boosts Crescent Point Energy (TSE:CPG) Price Target to C$14.00

Crescent Point Energy (TSE:CPG) (NYSE:CPG) had its target price raised by Jefferies Financial Group from C$12.00 to C$14.00 in a research report released on Tuesday morning, BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other analysts have also recently commented on the company. ATB Capital lowered their price target on Crescent Point Energy from C$13.00 to C$12.00 and set an outperform rating for the company in a research note on Thursday, January 18th. CIBC lowered their price target on Crescent Point Energy from C$15.00 to C$14.00 and set an outperform rating for the company in a research note on Tuesday, January 16th. Desjardins boosted their price objective on Crescent Point Energy from C$12.00 to C$12.50 and gave the company a buy rating in a research report on Friday, March 22nd. Raymond James decreased their price objective on Crescent Point Energy from C$16.50 to C$14.00 and set an outperform rating for the company in a research report on Friday, January 19th. Finally, National Bankshares decreased their price objective on Crescent Point Energy from C$19.00 to C$14.00 and set an outperform rating for the company in a research report on Wednesday, January 10th. Ten analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of Buy and an average price target of C$13.55.

Crescent Point Energy Stock Performance

Shares of TSE:CPG opened at C$11.65 on Tuesday. The company has a current ratio of 0.76, a quick ratio of 0.49 and a debt-to-equity ratio of 54.04. The stock has a market capitalization of C$7.22 billion, a P/E ratio of 7.98, a P/E/G ratio of -0.59 and a beta of 2.86. The business has a 50-day moving average price of C$10.50 and a two-hundred day moving average price of C$9.94. Crescent Point Energy has a 1-year low of C$8.16 and a 1-year high of C$12.47.

Crescent Point Energy (TSE:CPG) (NYSE:CPG) last announced its quarterly earnings results on Thursday, February 29th. The company reported C$0.37 EPS for the quarter, missing analysts’ consensus estimates of C$0.51 by C($0.14). The company had revenue of C$1.01 billion during the quarter, compared to the consensus estimate of C$1 billion. Crescent Point Energy had a net margin of 17.88% and a return on equity of 11.97%. Equities analysts predict that Crescent Point Energy will post 1.430622 earnings per share for the current year.

Crescent Point Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 15th were given a dividend of $0.115 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.46 dividend on an annualized basis and a yield of 3.95%. This is an increase from Crescent Point Energy’s previous quarterly dividend of $0.02. Crescent Point Energy’s dividend payout ratio is 31.51%.

Insiders Place Their Bets

In other Crescent Point Energy news, Senior Officer Mark Gordon Eade sold 34,497 shares of the company’s stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of C$11.83, for a total transaction of C$408,099.51. In other Crescent Point Energy news, Senior Officer Mark Gordon Eade sold 34,497 shares of the company’s stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of C$11.83, for a total transaction of C$408,099.51. Also, Senior Officer William Garret Holt purchased 49,309 shares of Crescent Point Energy stock in a transaction on Friday, March 8th. The shares were purchased at an average cost of C$10.15 per share, with a total value of C$500,486.35. Insiders own 0.23% of the company’s stock.

About Crescent Point Energy

Crescent Point Energy Corp. explores, develops, and produces oil and gas properties in Canada and the United States. The company focuses on crude oil, tight oil, natural gas liquids, shale gas, and natural gas reserves. Its properties are located in the provinces of Saskatchewan, Alberta, British Columbia, and Manitoba; and the states of North Dakota.