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

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

CPG has been the subject of several other research reports. Canaccord Genuity Group upped their price target on shares of Crescent Point Energy from C$12.50 to C$13.00 and gave the company a buy rating in a report on Thursday, March 21st. National Bankshares reduced their price target on shares of Crescent Point Energy from C$19.00 to C$14.00 and set an outperform rating for the company in a report on Wednesday, January 10th. BMO Capital Markets upped their price target on shares of Crescent Point Energy from C$12.00 to C$13.00 and gave the company an outperform rating in a report on Thursday, March 21st. ATB Capital reduced their target price on shares of Crescent Point Energy from C$13.00 to C$12.00 and set an outperform rating for the company in a report on Thursday, January 18th. Finally, Desjardins increased their target price on shares of Crescent Point Energy from C$12.00 to C$12.50 and gave the stock a buy rating in a report on Friday, March 22nd. Ten investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of Buy and a consensus target price of C$13.86.

Crescent Point Energy Stock Up 0.7 %

Shares of TSE CPG opened at C$11.81 on Tuesday. The stock has a market cap of C$7.32 billion, a P/E ratio of 8.09, a P/E/G ratio of -0.59 and a beta of 2.86. The firm has a 50 day moving average price of C$10.37 and a 200 day moving average price of C$9.92. 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 has a 52-week low of C$8.16 and a 52-week high of C$12.47.

Crescent Point Energy (TSE:CPG) (NYSE:CPG) last issued 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 firm had revenue of C$1.01 billion for the quarter, compared to analyst estimates of C$1 billion. Crescent Point Energy had a net margin of 17.88% and a return on equity of 11.97%. Analysts expect that Crescent Point Energy will post 1.430622 EPS for the current year.

Crescent Point Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 15th were given 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 annualized dividend and a yield of 3.90%. The ex-dividend date of this dividend was Thursday, March 14th. Crescent Point Energy’s dividend payout ratio is 31.51%.

Insiders Place Their Bets

In related news, Senior Officer William Garret Holt acquired 49,309 shares of the company’s stock in a transaction dated Friday, March 8th. The shares were bought at an average cost of C$10.15 per share, with a total value of C$500,486.35. In other news, Senior Officer Mark Gordon Eade sold 34,497 shares of the stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of C$11.83, for a total value of C$408,099.51. Also, Senior Officer William Garret Holt purchased 49,309 shares of the firm’s stock in a transaction that occurred 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. 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.