Crescent Point Energy (TSE:CPG - Free Report) NYSE: CPG had its price objective upped by Canaccord Genuity Group from C$13.00 to C$14.00 in a research note released on Wednesday, BayStreet.CA reports. The firm currently has a buy rating on the stock.
Other research analysts have also issued reports about the company. Desjardins upped their price objective on Crescent Point Energy from C$12.00 to C$12.50 and gave the company a buy rating in a report on Friday, March 22nd. National Bankshares decreased their price objective on Crescent Point Energy from C$19.00 to C$14.00 and set an outperform rating on the stock in a report on Wednesday, January 10th. BMO Capital Markets upped 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. Jefferies Financial Group upped their price objective on Crescent Point Energy from C$12.00 to C$14.00 and gave the company a buy rating in a report on Tuesday. Finally, ATB Capital decreased their price objective on Crescent Point Energy from C$13.00 to C$12.00 and set an outperform rating on the stock in a report on Thursday, January 18th. Ten equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Crescent Point Energy has a consensus rating of Buy and an average price target of C$13.95.
Read Our Latest Analysis on CPG
Crescent Point Energy Stock Performance
CPG traded down C$0.06 during trading hours on Wednesday, reaching C$11.75. The company's stock had a trading volume of 4,029,375 shares, compared to its average volume of 3,402,100. Crescent Point Energy has a 52 week low of C$8.16 and a 52 week high of C$12.47. The company's 50-day moving average is C$10.44 and its 200-day moving average is C$9.93. The company has a debt-to-equity ratio of 54.04, a quick ratio of 0.49 and a current ratio of 0.76. The firm has a market cap of C$7.28 billion, a PE ratio of 8.05, 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 posted 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 business had revenue of C$1.01 billion during the quarter, compared to the consensus estimate of C$1 billion. On average, equities analysts forecast that Crescent Point Energy will post 1.430622 EPS for the current year.
Crescent Point Energy Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 15th were paid a $0.115 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This is a positive change from Crescent Point Energy's previous quarterly dividend of $0.02. This represents a $0.46 annualized dividend and a yield of 3.91%. Crescent Point Energy's dividend payout ratio (DPR) is 31.51%.
Insider Activity at Crescent Point Energy
In other Crescent Point Energy news, Senior Officer William Garret Holt acquired 49,309 shares of Crescent Point Energy 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. In other Crescent Point Energy news, Senior Officer William Garret Holt acquired 49,309 shares of Crescent Point Energy 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. Also, Senior Officer Mark Gordon Eade sold 34,497 shares of the firm's stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of C$11.83, for a total value of C$408,099.51. 0.23% of the stock is currently owned by insiders.
Crescent Point Energy Company Profile
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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.
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