Crescent Point Energy (TSE:CPG) Price Target Raised to C$19.00

Crescent Point Energy (TSE:CPG) (NYSE:CPG) had its price objective lifted by National Bankshares from C$14.00 to C$19.00 in a report issued on Friday morning, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Several other equities analysts also recently issued reports on CPG. Stifel Nicolaus upped their price objective on shares of Crescent Point Energy from C$14.00 to C$14.50 and gave the company a buy rating in a report on Thursday, March 21st. CIBC lowered their price objective on Crescent Point Energy from C$15.00 to C$14.00 and set an outperform rating for the company in a research report on Tuesday, January 16th. Jefferies Financial Group raised their price objective on shares of Crescent Point Energy from C$12.00 to C$14.00 and gave the company a buy rating in a research note on Tuesday, April 16th. ATB Capital reduced their target price on Crescent Point Energy from C$13.00 to C$12.00 and set an outperform rating for the company in a report on Thursday, January 18th. Finally, Desjardins boosted their price objective on shares of Crescent Point Energy from C$12.00 to C$12.50 and gave the company a buy rating in a research note on Friday, March 22nd. Ten analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of Buy and an average price target of C$14.25.

Crescent Point Energy Trading Down 0.5 %

CPG stock opened at C$11.90 on Friday. Crescent Point Energy has a 1-year low of C$8.16 and a 1-year high of C$12.47. The company has a debt-to-equity ratio of 54.04, a current ratio of 0.76 and a quick ratio of 0.49. The business has a 50 day simple moving average of C$10.63 and a two-hundred day simple moving average of C$9.95. The company has a market capitalization of C$7.38 billion, a price-to-earnings ratio of 8.15, a PEG ratio of -0.59 and a beta of 2.86.

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

Crescent Point Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 15th were issued a dividend of $0.115 per share. The ex-dividend date was Thursday, March 14th. This is a positive change from Crescent Point Energy’s previous quarterly dividend of $0.02. This represents a $0.46 annualized dividend and a dividend yield of 3.87%. Crescent Point Energy’s dividend payout ratio is 31.51%.

Insider Transactions at Crescent Point Energy

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