Crescent Point Energy Corp. (TSE:CPG) Receives C$14.55 Average Target Price from Analysts

Shares of Crescent Point Energy Corp. (TSE:CPG) (NYSE:CPG) have been assigned an average rating of “Buy” from the ten brokerages that are currently covering the firm, MarketBeat Ratings reports. Ten analysts have rated the stock with a buy rating. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is C$14.55.

A number of research firms have recently weighed in on CPG. ATB Capital raised their price objective on Crescent Point Energy from C$12.00 to C$13.00 in a research report on Monday, April 22nd. National Bankshares boosted 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. Desjardins raised their target price on Crescent Point Energy from C$12.50 to C$14.00 and gave the stock a “buy” rating in a research note on Tuesday, April 23rd. BMO Capital Markets increased their price objective on 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, Canaccord Genuity Group lifted their target price on Crescent Point Energy from C$13.00 to C$14.00 and gave the stock a “buy” rating in a report on Wednesday, April 17th.

Insider Activity

In other news, Senior Officer William Garret Holt acquired 49,309 shares of the stock in a transaction that occurred on Friday, March 8th. The shares were bought at an average cost of C$10.15 per share, for a total transaction of C$500,486.35. In related news, Senior Officer Mark Gordon Eade sold 34,497 shares of the business’s 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. Also, Senior Officer William Garret Holt acquired 49,309 shares of the company’s stock in a transaction that occurred on Friday, March 8th. The shares were acquired at an average cost of C$10.15 per share, with a total value of C$500,486.35. Company insiders own 0.23% of the company’s stock.

Crescent Point Energy Trading Down 0.8 %

CPG opened at C$11.83 on Wednesday. Crescent Point Energy has a 12 month low of C$8.16 and a 12 month high of C$12.67. The stock has a fifty day moving average price of C$11.16 and a 200-day moving average price of C$10.03. The firm has a market cap of C$7.33 billion, a price-to-earnings ratio of 8.10, a PEG ratio of -0.59 and a beta of 2.86. 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 released its quarterly earnings results 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 firm had revenue of C$1.01 billion for the quarter, compared to analysts’ expectations of C$1 billion. As a group, equities research analysts anticipate 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 declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 15th were paid a $0.115 dividend. This represents a $0.46 annualized dividend and a dividend yield of 3.89%. The ex-dividend date 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 currently 31.51%.

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.