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

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

Several other brokerages have also issued reports on CPG. Desjardins increased their target price on Crescent Point Energy from C$12.00 to C$12.50 and gave the stock a buy rating in a research report on Friday, March 22nd. National Bankshares decreased their target price 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. CIBC reduced 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. Stifel Nicolaus raised their price objective 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. Finally, Raymond James reduced 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. Ten equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of Buy and an average price target of C$13.55.

Crescent Point Energy Stock Down 0.9 %

Shares of TSE:CPG opened at C$11.65 on Tuesday. Crescent Point Energy has a 52-week low of C$8.16 and a 52-week high of C$12.47. The firm 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 stock has a 50 day moving average price of C$10.50 and a 200-day moving average price of C$9.94. The company has a debt-to-equity ratio of 54.04, a quick ratio of 0.49 and a current ratio of 0.76.

Crescent Point Energy (TSE:CPG) (NYSE:CPG) last announced its 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). Crescent Point Energy had a return on equity of 11.97% and a net margin of 17.88%. The firm had revenue of C$1.01 billion during the quarter, compared to the consensus estimate of C$1 billion. As a group, equities research analysts anticipate that Crescent Point Energy will post 1.430622 EPS for the current fiscal year.

Crescent Point Energy Increases Dividend

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

Insider Buying and Selling at Crescent Point Energy

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 acquired at an average cost of C$10.15 per share, for a total transaction of C$500,486.35. 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 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 on Thursday, April 4th. The shares were sold at an average price of C$11.83, for a total value of C$408,099.51. Company 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.