Crescent Point Energy (TSE:CPG) Hits New 1-Year High at $12.08

Crescent Point Energy Corp. (TSE:CPG - Get Free Report) NYSE: CPG's stock price reached a new 52-week high during trading on Tuesday . The company traded as high as C$12.08 and last traded at C$11.94, with a volume of 1402071 shares traded. The stock had previously closed at C$11.96.

Analyst Ratings Changes

A number of brokerages recently issued reports on CPG. CIBC dropped 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 report on Tuesday, January 16th. Jefferies Financial Group set a C$12.00 price objective on shares of Crescent Point Energy and gave the company a "buy" rating in a research report on Tuesday, February 27th. Raymond James lowered 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 research report on Friday, January 19th. Canaccord Genuity Group raised their price objective on shares of Crescent Point Energy from C$12.50 to C$13.00 and gave the company a "buy" rating in a research report on Thursday, March 21st. Finally, National Bankshares lowered their price objective 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 report on Wednesday, January 10th. Ten analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of C$13.71.

Crescent Point Energy Stock Up 0.2 %

The company has a current ratio of 0.76, a quick ratio of 0.49 and a debt-to-equity ratio of 54.04. The firm's 50 day moving average is C$9.96 and its two-hundred day moving average is C$9.88. The firm has a market cap of C$7.43 billion, a P/E ratio of 8.18, a price-to-earnings-growth ratio of -0.59 and a beta of 2.86.

Crescent Point Energy (TSE:CPG - Get Free Report) NYSE: CPG last announced 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). Crescent Point Energy had a net margin of 17.88% and a return on equity of 11.97%. The company had revenue of C$1.01 billion during the quarter, compared to the consensus estimate of C$1 billion. As a group, research analysts anticipate that Crescent Point Energy Corp. will post 1.430622 EPS for the current fiscal year.

Crescent Point Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 15th were paid a $0.115 dividend. The ex-dividend date was Thursday, March 14th. This represents a $0.46 dividend on an annualized basis and a yield of 3.84%. 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 Crescent Point Energy news, Senior Officer William Garret Holt acquired 49,309 shares of the stock in a transaction dated 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 other news, 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 value of C$408,099.51. Also, Senior Officer William Garret Holt bought 49,309 shares of the stock in a transaction that occurred on Friday, March 8th. The shares were purchased at an average price of C$10.15 per share, for a total transaction of C$500,486.35. 0.23% of the stock is owned by corporate insiders.

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.