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

Crescent Point Energy (TSE:CPG) (NYSE:CPG) had its target price increased by Jefferies Financial Group from C$12.00 to C$14.00 in a report published on Tuesday, BayStreet.CA reports.

A number of other analysts also recently commented on CPG. CIBC increased their price objective on shares of Crescent Point Energy from C$14.00 to C$15.00 and gave the company an outperform rating in a report on Monday. Canaccord Genuity Group increased their price objective on shares of Crescent Point Energy from C$13.00 to C$14.00 and gave the company a buy rating in a report on Wednesday, April 17th. Desjardins increased their price objective on shares of 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. Raymond James cut 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. Finally, National Bankshares increased their price objective on shares of Crescent Point Energy from C$14.00 to C$19.00 and gave the company 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 has a consensus rating of Buy and a consensus price target of C$14.55.

Crescent Point Energy Trading Up 1.5 %

Shares of Crescent Point Energy stock opened at C$12.31 on Tuesday. The firm has a market capitalization of C$7.63 billion, a PE ratio of 8.43, a P/E/G ratio of -0.59 and a beta of 2.86. Crescent Point Energy has a twelve month low of C$8.16 and a twelve month high of C$12.47. The firm’s 50-day moving average price is C$10.77 and its 200 day moving average price is C$9.98. The company has a current ratio of 0.76, a quick ratio of 0.49 and a debt-to-equity ratio of 54.04.

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 for the quarter, missing analysts’ consensus estimates of C$0.51 by C($0.14). The company had revenue of C$1.01 billion during the quarter, compared to analysts’ expectations of C$1 billion. Crescent Point Energy had a net margin of 17.88% and a return on equity of 11.97%. On average, sell-side analysts predict that Crescent Point Energy will post 1.430622 EPS for the current fiscal year.

Crescent Point Energy Increases Dividend

The company 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. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 3.74%. This is an increase 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 the 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 transaction of C$408,099.51. In related news, Senior Officer William Garret Holt acquired 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 stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of C$11.83, for a total transaction 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.