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

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

A number of other research firms also recently issued reports on CPG. Raymond James dropped their price objective on shares of 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. Jefferies Financial Group lifted their target price on shares of Crescent Point Energy from C$12.00 to C$14.00 and gave the stock a buy rating in a research report on Tuesday, April 16th. BMO Capital Markets lifted their target price on shares of 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. National Bankshares lifted their target price on shares of Crescent Point Energy from C$14.00 to C$19.00 and gave the stock an outperform rating in a research report on Friday, April 19th. Finally, Stifel Nicolaus lifted their target price on shares of Crescent Point Energy from C$14.00 to C$14.50 and gave the stock a buy rating in a research report on Thursday, March 21st. Ten analysts have rated the stock with a buy rating, Based on data from MarketBeat, Crescent Point Energy has an average rating of Buy and a consensus target price of C$14.55.

Crescent Point Energy Stock Performance

TSE CPG opened at C$12.13 on Monday. 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 debt-to-equity ratio of 54.04, a quick ratio of 0.49 and a current ratio of 0.76. The company has a market capitalization of C$7.52 billion, a P/E ratio of 8.31, a P/E/G ratio of -0.59 and a beta of 2.86. The company has a fifty day moving average of C$10.70 and a 200-day moving average of C$9.96.

Crescent Point Energy (TSE:CPG) (NYSE:CPG) last posted its quarterly earnings data on Thursday, February 29th. The company reported C$0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of C$1.01 billion for the quarter, compared to the consensus estimate of C$1 billion. As a group, equities research analysts predict 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 paid a dividend of $0.115 per share. This is a positive change from Crescent Point Energy’s previous quarterly dividend of $0.02. The ex-dividend date was Thursday, March 14th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 3.79%. Crescent Point Energy’s payout ratio is presently 31.51%.

Insider Activity

In other Crescent Point Energy news, Senior Officer William Garret Holt acquired 49,309 shares of the company’s stock in a transaction that occurred on Friday, March 8th. The shares were acquired 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 business’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of C$11.83, for a total transaction of C$408,099.51. Also, Senior Officer William Garret Holt acquired 49,309 shares of the company’s stock in a transaction that occurred 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. Insiders own 0.23% of the company’s stock.

Crescent Point Energy Company Profile

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.