Crescent Point Energy (TSE:CPG) Price Target Raised to C$13.00 at ATB Capital

Crescent Point Energy (TSE:CPG) (NYSE:CPG) had its price objective raised by ATB Capital from C$12.00 to C$13.00 in a research note issued to investors on Monday morning, BayStreet.CA reports.

Several other research firms also recently issued reports on CPG. CIBC dropped their price target on shares of Crescent Point Energy from C$15.00 to C$14.00 and set an outperform rating on the stock in a research note on Tuesday, January 16th. BMO Capital Markets lifted their target price on Crescent Point Energy from C$12.00 to C$13.00 and gave the stock an outperform rating in a research report on Thursday, March 21st. Raymond James reduced their price target on Crescent Point Energy from C$16.50 to C$14.00 and set an outperform rating for the company in a report on Friday, January 19th. Desjardins lifted their price objective on Crescent Point Energy from C$12.00 to C$12.50 and gave the stock a buy rating in a report on Friday, March 22nd. Finally, Stifel Nicolaus upped their target price on Crescent Point Energy from C$14.00 to C$14.50 and gave the company a buy rating in a research report on Thursday, March 21st. Ten equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of Buy and a consensus target price of C$14.25.

Crescent Point Energy Price Performance

Crescent Point Energy stock opened at C$11.90 on Monday. The firm has a fifty day moving average of C$10.63 and a 200-day moving average of C$9.95. Crescent Point Energy has a 52-week low of C$8.16 and a 52-week high of C$12.47. The company has a quick ratio of 0.49, a current ratio of 0.76 and a debt-to-equity ratio of 54.04. The firm has a market capitalization of C$7.38 billion, a P/E ratio of 8.15, a PEG ratio of -0.59 and a beta of 2.86.

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

Crescent Point Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 15th were issued a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a yield of 3.87%. The ex-dividend date was Thursday, March 14th. This is an increase from Crescent Point Energy’s previous quarterly dividend of $0.02. Crescent Point Energy’s payout ratio is currently 31.51%.

Insiders Place Their Bets

In other Crescent Point Energy news, Senior Officer William Garret Holt bought 49,309 shares of the business’s stock in a transaction on Friday, March 8th. The shares were purchased at an average price of C$10.15 per share, with a total value of C$500,486.35. In related news, Senior Officer Mark Gordon Eade sold 34,497 shares of the stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of C$11.83, for a total value of C$408,099.51. Also, Senior Officer William Garret Holt bought 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. 0.23% of the stock is owned by corporate insiders.

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.