ATB Capital Boosts Crescent Point Energy (TSE:CPG) Price Target to C$13.00

Crescent Point Energy (TSE:CPG) (NYSE:CPG) had its price target raised by ATB Capital from C$12.00 to C$13.00 in a research note released on Monday, BayStreet.CA reports.

Other research analysts have also recently issued research reports about the stock. Stifel Nicolaus boosted their price target on shares of 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. Jefferies Financial Group boosted their price target on shares of Crescent Point Energy from C$12.00 to C$14.00 and gave the company a buy rating in a research report on Tuesday, April 16th. Raymond James lowered 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 research report on Friday, January 19th. BMO Capital Markets boosted their price target on shares of Crescent Point Energy from C$12.00 to C$13.00 and gave the company an outperform rating in a research report on Thursday, March 21st. Finally, CIBC lowered their price target on shares of Crescent Point Energy from C$15.00 to C$14.00 and set an outperform rating on the stock in a research report on Tuesday, January 16th. Ten equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Crescent Point Energy has a consensus rating of Buy and a consensus target price of C$14.55.

Crescent Point Energy Trading Up 0.2 %

Shares of CPG opened at C$12.13 on Monday. 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. The firm’s fifty day moving average is C$10.70 and its two-hundred day moving average is C$9.96. The stock has a market cap of C$7.52 billion, a PE ratio of 8.31, a price-to-earnings-growth ratio of -0.59 and a beta of 2.86.

Crescent Point Energy (TSE:CPG) (NYSE:CPG) last announced 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 business had revenue of C$1.01 billion for the quarter, compared to analyst estimates of C$1 billion. Research analysts forecast that Crescent Point Energy will post 1.430622 earnings per share for the current fiscal year.

Crescent Point Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 15th were issued 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 3.79%. The ex-dividend date was Thursday, March 14th. Crescent Point Energy’s dividend payout ratio is presently 31.51%.

Insider Activity

In other news, Senior Officer William Garret Holt acquired 49,309 shares of the firm’s stock in a transaction dated Friday, March 8th. The stock was acquired at an average cost of C$10.15 per share, with a total value of C$500,486.35. In other news, Senior Officer William Garret Holt acquired 49,309 shares of the firm’s stock in a transaction dated Friday, March 8th. The stock was 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 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. Corporate insiders own 0.23% of the company’s stock.

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.