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 price target raised by Jefferies Financial Group from C$12.00 to C$14.00 in a research note published on Tuesday morning, BayStreet.CA reports. Jefferies Financial Group currently has a buy rating on the stock.

CPG has been the subject of several other research reports. Raymond James decreased their target price 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. ATB Capital decreased their target price on shares of Crescent Point Energy from C$13.00 to C$12.00 and set an outperform rating for the company in a research note on Thursday, January 18th. National Bankshares decreased their target price on shares of Crescent Point Energy from C$19.00 to C$14.00 and set an outperform rating for the company in a research note on Wednesday, January 10th. Canaccord Genuity Group increased their target price on shares of Crescent Point Energy from C$12.50 to C$13.00 and gave the stock a buy rating in a research note on Thursday, March 21st. Finally, CIBC decreased their target price on shares of Crescent Point Energy from C$15.00 to C$14.00 and set an outperform rating for the company in a research note on Tuesday, January 16th. Ten analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of Buy and an average target price of C$13.86.

Crescent Point Energy Stock Performance

Shares of CPG stock opened at C$11.81 on Tuesday. The stock’s 50-day moving average is C$10.37 and its two-hundred day moving average is C$9.92. The firm has a market cap of C$7.32 billion, a price-to-earnings ratio of 8.09, a PEG ratio of -0.59 and a beta of 2.86. Crescent Point Energy has a 1 year low of C$8.16 and a 1 year 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.

Crescent Point Energy (TSE:CPG) (NYSE:CPG) last issued its quarterly earnings data on Thursday, February 29th. The company reported C$0.37 earnings per share (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 firm had revenue of C$1.01 billion for the quarter, compared to analysts’ expectations of C$1 billion. Analysts predict that Crescent Point Energy will post 1.430622 earnings per share for the current year.

Crescent Point Energy Increases Dividend

The business 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 dividend on an annualized basis and a dividend yield of 3.90%. 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%.

Insider Activity

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 bought at an average cost of C$10.15 per share, for a total transaction of C$500,486.35. In other Crescent Point Energy news, Senior Officer William Garret Holt acquired 49,309 shares of the company’s stock in a transaction dated Friday, March 8th. The stock was acquired 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 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.

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.