Crescent Point Energy Corp. (TSE:CPG) Senior Officer Sells C$408,099.51 in Stock

Crescent Point Energy Corp. (TSE:CPG - Get Free Report) NYSE: CPG Senior Officer Mark Gordon Eade sold 34,497 shares of the firm's stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of C$11.83, for a total transaction of C$408,099.51.

Crescent Point Energy Price Performance

Crescent Point Energy stock traded up C$0.04 during mid-day trading on Friday, reaching C$11.97. The company had a trading volume of 2,957,543 shares, compared to its average volume of 3,270,722. Crescent Point Energy Corp. has a fifty-two week low of C$8.16 and a fifty-two week high of C$12.05. 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 company has a market cap of C$7.42 billion, a P/E ratio of 8.20, a P/E/G ratio of -0.59 and a beta of 2.88. The business has a fifty day simple moving average of C$9.90 and a 200 day simple moving average of C$9.87.

Crescent Point Energy (TSE:CPG - Get Free Report) NYSE: CPG last issued its quarterly earnings results on Thursday, February 29th. The company reported C$0.37 EPS for the quarter, missing analysts' consensus estimates of C$0.51 by C($0.14). The business had revenue of C$1.01 billion for the quarter, compared to analyst estimates of C$1 billion. Crescent Point Energy had a return on equity of 11.97% and a net margin of 17.88%. On average, equities research analysts predict that Crescent Point Energy Corp. will post 1.3190476 earnings per share for the current year.

Crescent Point Energy Increases Dividend

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 3.84%. The ex-dividend date was Thursday, March 14th. This is a positive change from Crescent Point Energy's previous quarterly dividend of $0.02. Crescent Point Energy's payout ratio is 31.51%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CPG. CIBC lowered their target price on shares of Crescent Point Energy from C$15.00 to C$14.00 and set an "outperform" rating on the stock in a report on Tuesday, January 16th. ATB Capital decreased their price objective 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. 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 note on Tuesday, February 27th. Raymond James decreased their price objective on shares of Crescent Point Energy from C$16.50 to C$14.00 and set an "outperform" rating on the stock in a research note on Friday, January 19th. Finally, Canaccord Genuity Group lifted 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 note on Thursday, March 21st. Ten investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of C$13.71.

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.