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

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

Several other equities analysts have also recently weighed in on CPG. ATB Capital lifted their price objective on Crescent Point Energy from C$12.00 to C$13.00 in a report on Monday. Canaccord Genuity Group lifted their price objective on 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. CIBC lifted their price objective on Crescent Point Energy from C$14.00 to C$15.00 and gave the company an outperform rating in a report on Monday. Raymond James cut their price objective on Crescent Point Energy from C$16.50 to C$14.00 and set an outperform rating on the stock in a report on Friday, January 19th. Finally, Stifel Nicolaus lifted their price objective on Crescent Point Energy from C$14.00 to C$14.50 and gave the company a buy rating in a report on Thursday, March 21st. Ten investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of Buy and a consensus price target of C$14.55.

Crescent Point Energy Price Performance

Crescent Point Energy stock opened at C$12.31 on Tuesday. The firm has a market capitalization of C$7.63 billion, a P/E ratio of 8.43, 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 business has a 50-day moving average of C$10.77 and a 200-day moving average of 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 posted its earnings results 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). The company had revenue of C$1.01 billion for the quarter, compared to analyst estimates of C$1 billion. Crescent Point Energy had a return on equity of 11.97% and a net margin of 17.88%. On average, equities analysts anticipate that Crescent Point Energy will post 1.430622 EPS for the current year.

Crescent Point Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 15th were paid a $0.115 dividend. This is a boost from Crescent Point Energy’s previous quarterly dividend of $0.02. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.46 annualized dividend and a yield of 3.74%. Crescent Point Energy’s payout ratio is presently 31.51%.

Insider Buying and Selling at Crescent Point Energy

In other Crescent Point Energy news, Senior Officer Mark Gordon Eade sold 34,497 shares of the business’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. In other Crescent Point Energy news, Senior Officer Mark Gordon Eade sold 34,497 shares of the business’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. Also, Senior Officer William Garret Holt purchased 49,309 shares of the stock in a transaction 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. Company 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.