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

Crescent Point Energy (TSE:CPG) (NYSE:CPG) had its price objective lifted 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 research analysts have also recently commented on the company. BMO Capital Markets increased their target price on Crescent Point Energy from C$12.00 to C$13.00 and gave the company an outperform rating in a research note on Thursday, March 21st. ATB Capital raised their price objective on Crescent Point Energy from C$12.00 to C$13.00 in a report on Monday. Canaccord Genuity Group upped 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 note on Wednesday, April 17th. Stifel Nicolaus increased their price target on shares of 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, National Bankshares boosted their price objective on shares of Crescent Point Energy from C$14.00 to C$19.00 and gave the stock an outperform rating in a report on Friday, April 19th. Ten analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of Buy and an average price target of C$14.55.

Crescent Point Energy Stock Performance

CPG stock opened at C$12.10 on Tuesday. The business has a 50 day moving average of C$10.63 and a 200-day moving average of C$9.95. 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 cap of C$7.50 billion, a PE ratio of 8.29, a P/E/G ratio of -0.59 and a beta of 2.86. 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 released 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). The company had revenue of C$1.01 billion for the quarter, compared to the consensus estimate 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, sell-side analysts expect that Crescent Point Energy will post 1.430622 earnings per share for the current year.

Crescent Point Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 15th were issued a dividend of $0.115 per share. This is a positive change from Crescent Point Energy’s previous quarterly dividend of $0.02. This represents a $0.46 dividend on an annualized basis and a yield of 3.80%. The ex-dividend date of this dividend was Thursday, March 14th. Crescent Point Energy’s dividend payout ratio is currently 31.51%.

Insiders Place Their Bets

In other news, Senior Officer Mark Gordon Eade sold 34,497 shares of the company’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. In related news, Senior Officer Mark Gordon Eade sold 34,497 shares of the company’s 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 transaction of C$408,099.51. Also, Senior Officer William Garret Holt purchased 49,309 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The stock was bought at an average price 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.