Crescent Point Energy (TSE:CPG) Price Target Raised to C$14.00

Crescent Point Energy (TSE:CPG) (NYSE:CPG) had its price target hoisted by Jefferies Financial Group from C$12.00 to C$14.00 in a report published on Tuesday, BayStreet.CA reports.

A number of other analysts also recently issued reports on the company. CIBC raised their target price on Crescent Point Energy from C$14.00 to C$15.00 and gave the stock an outperform rating in a research report on Monday, April 22nd. Canaccord Genuity Group raised their target price on Crescent Point Energy from C$13.00 to C$14.00 and gave the stock a buy rating in a research report on Wednesday, April 17th. Raymond James decreased their target price 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. National Bankshares raised their target price on 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, ATB Capital raised their target price on Crescent Point Energy from C$12.00 to C$13.00 in a research report on Monday, April 22nd. Ten research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of Buy and an average target price of C$14.55.

Crescent Point Energy Price Performance

Shares of CPG opened at C$12.38 on Tuesday. The stock has a market cap of C$7.67 billion, a PE ratio of 8.48, a PEG ratio of -0.59 and a beta of 2.86. The business has a 50-day simple moving average of C$10.84 and a two-hundred day simple moving average of C$10.00. The company has a quick ratio of 0.49, a current ratio of 0.76 and a debt-to-equity ratio of 54.04. Crescent Point Energy has a 12-month low of C$8.16 and a 12-month 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 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.51 by C($0.14). The firm had revenue of C$1.01 billion during the quarter, compared to the consensus estimate of C$1 billion. Crescent Point Energy had a return on equity of 11.97% and a net margin of 17.88%. Analysts anticipate that Crescent Point Energy will post 1.430622 earnings per share for the current fiscal year.

Crescent Point Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors 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 annualized dividend and a yield of 3.72%. Crescent Point Energy’s dividend payout ratio (DPR) is currently 31.51%.

Insider Transactions at Crescent Point Energy

In other news, Senior Officer Mark Gordon Eade sold 34,497 shares of the business’s stock in a transaction dated 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 related news, Senior Officer William Garret Holt purchased 49,309 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The shares were bought at an average price 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.

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.