Crescent Point Energy (TSE:CPG) PT Raised to C$16.00 at Stifel Nicolaus

Crescent Point Energy (TSE:CPG - Free Report) NYSE: CPG had its price objective hoisted by Stifel Nicolaus from C$14.25 to C$16.00 in a research report released on Tuesday morning, BayStreet.CA reports. Stifel Nicolaus currently has a buy rating on the stock.

CPG has been the topic of a number of other reports. BMO Capital Markets boosted their price target on shares of Crescent Point Energy from C$12.00 to C$13.00 and gave the stock an outperform rating in a research report on Thursday, March 21st. Desjardins boosted their price target on shares of Crescent Point Energy from C$12.50 to C$14.00 and gave the stock a buy rating in a research report on Tuesday. Jefferies Financial Group boosted their price target on shares of Crescent Point Energy from C$12.00 to C$14.00 in a research report on Tuesday. National Bankshares boosted 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 research report on Friday. Finally, ATB Capital boosted their price target on shares of Crescent Point Energy from C$12.00 to C$13.00 in a research report on Monday. Ten research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of Buy and a consensus target price of C$14.55.

Crescent Point Energy Stock Performance

Shares of CPG stock traded up C$0.20 during trading hours on Tuesday, reaching C$12.10. The stock had a trading volume of 2,545,059 shares, compared to its average volume of 3,402,317. The company has a debt-to-equity ratio of 54.04, a current ratio of 0.76 and a quick ratio of 0.49. Crescent Point Energy has a twelve month low of C$8.16 and a twelve month high of C$12.47. The firm has a 50-day simple moving average of C$10.63 and a 200-day simple moving average of C$9.95. The firm has a market capitalization of C$7.50 billion, a PE ratio of 8.29, 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 released its quarterly earnings data 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 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 analyst estimates of C$1 billion. As a group, equities analysts forecast that Crescent Point Energy will post 1.430622 earnings per share for the current year.

Crescent Point Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 15th were given a $0.115 dividend. This is an increase from Crescent Point Energy's previous quarterly dividend of $0.02. This represents a $0.46 annualized dividend and a dividend yield of 3.80%. The ex-dividend date of this dividend was Thursday, March 14th. Crescent Point Energy's dividend payout ratio (DPR) is 31.51%.

Insider Transactions at Crescent Point Energy

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. In related news, Senior Officer William Garret Holt acquired 49,309 shares of the stock in a transaction that occurred on Friday, March 8th. The shares were purchased 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 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. 0.23% of the stock is currently owned by 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.