Crescent Point Energy (TSE:CPG) PT Raised to C$19.00 at National Bankshares

Crescent Point Energy (TSE:CPG - Free Report) NYSE: CPG had its target price raised by National Bankshares from C$14.00 to C$19.00 in a research report released on Friday, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

A number of other equities analysts also recently weighed in on CPG. ATB Capital cut their price target on shares of Crescent Point Energy from C$13.00 to C$12.00 and set an outperform rating on the stock in a research note on Thursday, January 18th. Desjardins upped their price objective on Crescent Point Energy from C$12.00 to C$12.50 and gave the stock a buy rating in a report on Friday, March 22nd. Jefferies Financial Group lifted their target price on Crescent Point Energy from C$12.00 to C$14.00 and gave the company a buy rating in a report on Tuesday. Stifel Nicolaus boosted their price target on Crescent Point Energy from C$14.00 to C$14.50 and gave the company a buy rating in a research report on Thursday, March 21st. Finally, BMO Capital Markets raised their price objective on Crescent Point Energy from C$12.00 to C$13.00 and gave the stock an outperform rating in a report on Thursday, March 21st. Ten analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of Buy and an average price target of C$14.05.

Crescent Point Energy Price Performance

TSE CPG traded up C$0.31 during mid-day trading on Friday, hitting C$11.96. The stock had a trading volume of 4,690,431 shares, compared to its average volume of 3,422,385. The company has a 50 day simple moving average of C$10.57 and a 200 day simple moving average of C$9.95. The company has a market cap of C$7.41 billion, a price-to-earnings ratio of 8.19, a P/E/G ratio of -0.59 and a beta of 2.86. Crescent Point Energy has a 52-week low of C$8.16 and a 52-week high of C$12.47. The company has a quick ratio of 0.49, a current ratio of 0.76 and a debt-to-equity ratio of 54.04.

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 (EPS) for the quarter, missing the consensus estimate of C$0.51 by C($0.14). The business had revenue of C$1.01 billion during the quarter, compared to analysts' expectations of C$1 billion. Crescent Point Energy had a net margin of 17.88% and a return on equity of 11.97%. Equities analysts forecast that Crescent Point Energy will post 1.430622 EPS for the current fiscal 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 issued a $0.115 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This is a boost from Crescent Point Energy's previous quarterly dividend of $0.02. This represents a $0.46 dividend on an annualized basis and a yield of 3.85%. Crescent Point Energy's dividend payout ratio is currently 31.51%.

Insiders Place Their Bets

In other Crescent Point Energy news, Senior Officer Mark Gordon Eade sold 34,497 shares of the business's stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of C$11.83, for a total value of C$408,099.51. In other news, Senior Officer Mark Gordon Eade sold 34,497 shares of the business's stock in a transaction 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 stock was purchased at an average price 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.