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

Crescent Point Energy (TSE:CPG) (NYSE:CPG) had its target price boosted by Canaccord Genuity Group from C$13.00 to C$14.00 in a report issued on Wednesday, BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other equities research analysts also recently weighed in on the company. Stifel Nicolaus boosted their price target on Crescent Point Energy from C$14.00 to C$14.50 and gave the company a buy rating in a report on Thursday, March 21st. Desjardins boosted their price target on Crescent Point Energy from C$12.00 to C$12.50 and gave the company a buy rating in a report on Friday, March 22nd. National Bankshares lowered their price target on 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. Jefferies Financial Group boosted their price target on Crescent Point Energy from C$12.00 to C$14.00 and gave the company a buy rating in a report on Tuesday. Finally, BMO Capital Markets boosted their price target on 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. Ten research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Crescent Point Energy presently has a consensus rating of Buy and an average target price of C$13.95.

Crescent Point Energy Stock Performance

Crescent Point Energy stock opened at C$11.75 on Wednesday. The stock’s 50 day moving average price is C$10.44 and its 200 day moving average price is C$9.93. The firm has a market capitalization of C$7.28 billion, a PE ratio of 8.05, a price-to-earnings-growth ratio of -0.59 and a beta of 2.86. 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 one year low of C$8.16 and a one year high of C$12.47.

Crescent Point Energy (TSE:CPG) (NYSE:CPG) last released its quarterly earnings results on Thursday, February 29th. The company reported C$0.37 EPS for the quarter, missing the consensus estimate 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 analyst estimates of C$1 billion. As a group, sell-side analysts expect that Crescent Point Energy will post 1.430622 EPS for the current fiscal year.

Crescent Point Energy Increases Dividend

The business 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 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 yield of 3.91%. The ex-dividend date of this dividend was Thursday, March 14th. Crescent Point Energy’s dividend payout ratio is presently 31.51%.

Insider Activity

In other news, Senior Officer Mark Gordon Eade sold 34,497 shares of the company’s stock in a transaction on 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 other news, Senior Officer Mark Gordon Eade sold 34,497 shares of the company’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of C$11.83, for a total value of C$408,099.51. Also, Senior Officer William Garret Holt acquired 49,309 shares of the business’s stock in a transaction dated 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. 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.