Crescent Point Energy (TSE:CPG) Price Target Raised to C$15.00 at CIBC

Crescent Point Energy (TSE:CPG) (NYSE:CPG) had its target price lifted by CIBC from C$14.00 to C$15.00 in a research report released on Monday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

Other research analysts have also issued research reports about the company. Canaccord Genuity Group upped their price target on Crescent Point Energy from C$13.00 to C$14.00 and gave the company a buy rating in a research report on Wednesday, April 17th. National Bankshares boosted their target price on Crescent Point Energy from C$14.00 to C$19.00 and gave the company an outperform rating in a research note on Friday. Stifel Nicolaus raised their price target on Crescent Point Energy from C$14.00 to C$14.50 and gave the stock a buy rating in a research note on Thursday, March 21st. BMO Capital Markets lifted 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. Finally, Raymond James decreased their price objective on shares of Crescent Point Energy from C$16.50 to C$14.00 and set an outperform rating for the company in a report on Friday, January 19th. Ten research analysts have rated the stock with a buy rating, According to data from MarketBeat, Crescent Point Energy has a consensus rating of Buy and a consensus target price of C$14.25.

Crescent Point Energy Stock Down 0.5 %

Shares of Crescent Point Energy stock opened at C$11.90 on Monday. The company’s 50 day moving average price is C$10.63 and its 200-day moving average price is C$9.95. Crescent Point Energy has a 52-week low of C$8.16 and a 52-week high of C$12.47. The company has a debt-to-equity ratio of 54.04, a quick ratio of 0.49 and a current ratio of 0.76. The stock has a market capitalization of C$7.38 billion, a price-to-earnings ratio of 8.15, a P/E/G ratio of -0.59 and a beta of 2.86.

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 analysts’ consensus estimates 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%. Equities research analysts forecast that Crescent Point Energy will post 1.430622 EPS for the current year.

Crescent Point Energy Increases Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.46 annualized dividend and a yield of 3.87%. This is a positive change from Crescent Point Energy’s previous quarterly dividend of $0.02. Crescent Point Energy’s dividend payout ratio (DPR) is currently 31.51%.

Insider Transactions at Crescent Point Energy

In related news, Senior Officer Mark Gordon Eade sold 34,497 shares of Crescent Point Energy 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 William Garret Holt acquired 49,309 shares of the 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. Also, Senior Officer Mark Gordon Eade sold 34,497 shares of the business’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. 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.