Crescent Point Energy Corp. (TSE:CPG) Receives C$14.55 Consensus PT from Analysts

Shares of Crescent Point Energy Corp. (TSE:CPG) (NYSE:CPG) have received a consensus rating of “Buy” from the ten analysts that are presently covering the firm, Marketbeat.com reports. Ten equities research analysts have rated the stock with a buy recommendation. The average 12 month price target among brokerages that have issued a report on the stock in the last year is C$14.55.

Several analysts have recently issued reports on CPG shares. Canaccord Genuity Group upped their target price on shares of 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. National Bankshares lifted 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 note on Friday, April 19th. BMO Capital Markets raised their price objective on shares of Crescent Point Energy from C$12.00 to C$13.00 and gave the stock an “outperform” rating in a report on Thursday, March 21st. ATB Capital raised their price target on shares of Crescent Point Energy from C$12.00 to C$13.00 in a research note on Monday, April 22nd. Finally, Stifel Nicolaus raised their target price on Crescent Point Energy from C$14.25 to C$16.00 and gave the stock a “buy” rating in a research report on Tuesday, April 23rd.

Crescent Point Energy Stock Down 0.8 %

TSE:CPG opened at C$11.83 on Wednesday. The company has a debt-to-equity ratio of 54.04, a current ratio of 0.76 and a quick ratio of 0.49. Crescent Point Energy has a one year low of C$8.16 and a one year high of C$12.67. The firm’s 50 day simple moving average is C$11.16 and its 200 day simple moving average is C$10.05. The company has a market cap of C$7.33 billion, a PE ratio of 8.10, a P/E/G ratio of -0.59 and a beta of 2.86.

Crescent Point Energy (TSE:CPG) (NYSE:CPG) last issued 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). Crescent Point Energy had a net margin of 17.88% and a return on equity of 11.97%. The business had revenue of C$1.01 billion during the quarter, compared to analyst estimates of C$1 billion. On average, research analysts anticipate that Crescent Point Energy will post 1.430622 earnings per share for the current year.

Crescent Point Energy Increases Dividend

The firm also recently declared 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. This is an increase from Crescent Point Energy’s previous quarterly dividend of $0.02. This represents a $0.46 dividend on an annualized basis and a dividend yield of 3.89%. The ex-dividend date of this dividend was Thursday, March 14th. Crescent Point Energy’s dividend payout ratio is presently 31.51%.

Insider Buying and Selling

In related news, Senior Officer William Garret Holt purchased 49,309 shares of Crescent Point Energy stock in a transaction on Friday, March 8th. The stock was acquired at an average price 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 purchased 49,309 shares of the stock in a transaction that occurred on Friday, March 8th. The stock was purchased at an average price of C$10.15 per share, with a total value of C$500,486.35. Also, Senior Officer Mark Gordon Eade sold 34,497 shares of the firm’s stock in a transaction that occurred 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. 0.23% of the stock is currently owned by corporate insiders.

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.