Crescent Point Energy (TSE:CPG) Price Target Increased to C$16.00 by Analysts at Stifel Nicolaus

Crescent Point Energy (TSE:CPG) (NYSE:CPG) had its price target increased by Stifel Nicolaus from C$14.25 to C$16.00 in a report released on Tuesday, BayStreet.CA reports. They currently have a buy rating on the stock.

CPG has been the topic of several other reports. BMO Capital Markets increased their price target on Crescent Point Energy from C$12.00 to C$13.00 and gave the stock an outperform rating in a research report on Thursday, March 21st. 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 on the stock in a research note on Friday, January 19th. Canaccord Genuity Group raised their price target on shares of Crescent Point Energy from C$13.00 to C$14.00 and gave the company a buy rating in a research note on Wednesday, April 17th. Jefferies Financial Group raised their price target on shares of Crescent Point Energy from C$12.00 to C$14.00 in a research note on Tuesday. Finally, Desjardins raised their target price on shares of Crescent Point Energy from C$12.50 to C$14.00 and gave the stock a buy rating in a research note on Tuesday. Ten investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Crescent Point Energy currently has an average rating of Buy and a consensus price target of C$14.55.

Crescent Point Energy Stock Up 0.6 %

Shares of TSE CPG opened at C$12.38 on Tuesday. 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 firm has a market capitalization of C$7.67 billion, a price-to-earnings ratio of 8.48, a PEG ratio of -0.59 and a beta of 2.86. The stock has a 50 day moving average price of C$10.84 and a 200 day moving average price of C$10.00. 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 EPS for the quarter, missing the consensus estimate of C$0.51 by C($0.14). Crescent Point Energy had a net margin of 17.88% and a return on equity of 11.97%. The business had revenue of C$1.01 billion for the quarter, compared to analysts’ expectations of C$1 billion. Sell-side analysts expect that Crescent Point Energy will post 1.430622 earnings per share for the current 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 given a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a dividend yield of 3.72%. The ex-dividend date of this dividend was Thursday, March 14th. This is a positive change from Crescent Point Energy’s previous quarterly dividend of $0.02. Crescent Point Energy’s payout ratio is presently 31.51%.

Insider Activity

In other news, Senior Officer William Garret Holt purchased 49,309 shares of Crescent Point Energy stock in a transaction dated Friday, March 8th. The shares were purchased at an average price of C$10.15 per share, with a total value of C$500,486.35. In other news, Senior Officer William Garret Holt purchased 49,309 shares of Crescent Point Energy stock in a transaction dated Friday, March 8th. The shares were 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 Crescent Point Energy 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. Corporate 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.