Crescent Point Energy (TSE:CPG) Hits New 52-Week High at $12.54

Crescent Point Energy Corp. (TSE:CPG - Get Free Report) NYSE: CPG's share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$12.54 and last traded at C$12.53, with a volume of 2336022 shares traded. The stock had previously closed at C$12.38.

Wall Street Analyst Weigh In

CPG has been the topic of a number of recent analyst reports. National Bankshares raised their price target on shares of Crescent Point Energy from C$14.00 to C$19.00 and gave the stock an "outperform" rating in a report on Friday, April 19th. CIBC raised their price target on shares of Crescent Point Energy from C$14.00 to C$15.00 and gave the stock an "outperform" rating in a report on Monday, April 22nd. Raymond James cut 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 report on Friday, January 19th. Stifel Nicolaus raised their price target on shares of Crescent Point Energy from C$14.25 to C$16.00 and gave the stock a "buy" rating in a report on Tuesday, April 23rd. Finally, ATB Capital lifted their target price on shares of Crescent Point Energy from C$12.00 to C$13.00 in a research note on Monday, April 22nd. Ten equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Crescent Point Energy presently has an average rating of "Buy" and a consensus target price of C$14.55.

Crescent Point Energy Price Performance

The company has a quick ratio of 0.49, a current ratio of 0.76 and a debt-to-equity ratio of 54.04. The firm has a market capitalization of C$7.82 billion, a PE ratio of 8.64, a PEG ratio of -0.59 and a beta of 2.86. The firm's fifty day simple moving average is C$10.97 and its 200-day simple moving average is C$10.01.

Crescent Point Energy (TSE:CPG - Get Free Report) NYSE: CPG last issued 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). 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 during the quarter, compared to analysts' expectations of C$1 billion. On average, research analysts forecast that Crescent Point Energy Corp. will post 1.430622 earnings per share for the current fiscal year.

Crescent Point Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 15th were issued a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a dividend yield of 3.65%. 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. Crescent Point Energy's payout ratio is presently 31.51%.

Insider Activity

In other 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 shares were sold at an average price of C$11.83, for a total transaction of C$408,099.51. In related 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 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 bought 49,309 shares of the business's stock in a transaction that occurred on Friday, March 8th. The shares were acquired at an average price of C$10.15 per share, with a total value 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.