Crescent Point Energy (TSE:CPG – Free Report) (NYSE:CPG) had its price target upped by Canaccord Genuity Group from C$14.00 to C$14.50 in a research note released on Tuesday, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.
CPG has been the subject of several other reports. Raymond James decreased their price target on shares of Crescent Point Energy from C$16.50 to C$14.00 and set an outperform rating for the company in a research note on Friday, January 19th. Jefferies Financial Group lifted their target price on shares of Crescent Point Energy from C$12.00 to C$14.00 in a report on Tuesday, April 23rd. Stifel Nicolaus upped their price target on Crescent Point Energy from C$14.25 to C$16.00 and gave the stock a buy rating in a research note on Tuesday, April 23rd. Desjardins lifted their price objective on Crescent Point Energy from C$12.50 to C$14.00 and gave the company a buy rating in a research note on Tuesday, April 23rd. Finally, National Bankshares boosted their target price on 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.com, the company currently has a consensus rating of Buy and a consensus price target of C$14.70.
Get Our Latest Research Report on CPG
Crescent Point Energy Stock Up 0.6 %
Crescent Point Energy (TSE:CPG – Get Free Report) (NYSE:CPG) last issued its quarterly earnings results on Thursday, February 29th. The company reported C$0.37 earnings per share for the quarter, missing the consensus estimate of C$0.51 by C($0.14). The firm had revenue of C$1.01 billion during the quarter, compared to analysts’ expectations of C$1 billion. Crescent Point Energy had a return on equity of 11.97% and a net margin of 17.88%. As a group, analysts forecast that Crescent Point Energy will post 1.430622 earnings per share for the current fiscal year.
Crescent Point Energy Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 15th were issued a $0.115 dividend. This represents a $0.46 annualized dividend and a yield of 3.79%. This is an increase from Crescent Point Energy’s previous quarterly dividend of $0.02. The ex-dividend date was Thursday, March 14th. Crescent Point Energy’s dividend payout ratio (DPR) is presently 31.51%.
Insiders Place Their Bets
In related news, Senior Officer William Garret Holt purchased 49,309 shares of Crescent Point Energy stock in a transaction dated Friday, March 8th. The stock was purchased at an average cost of C$10.15 per share, for a total transaction of C$500,486.35. In other news, Senior Officer William Garret Holt purchased 49,309 shares of the stock in a transaction dated Friday, March 8th. The shares were purchased at an average cost 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 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. 0.23% of the stock is owned by 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.
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