National Bankshares Boosts Crescent Point Energy (TSE:CPG) Price Target to C$19.00

Crescent Point Energy (TSE:CPG) (NYSE:CPG) had its price objective hoisted by National Bankshares from C$14.00 to C$19.00 in a research report report published on Friday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other research analysts have also recently weighed in on CPG. CIBC decreased their price target on Crescent Point Energy from C$15.00 to C$14.00 and set an outperform rating for the company in a research note on Tuesday, January 16th. Desjardins boosted their price target on Crescent Point Energy from C$12.00 to C$12.50 and gave the stock a buy rating in a research note on Friday, March 22nd. Stifel Nicolaus upped their price objective 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. Raymond James reduced their price objective on Crescent Point Energy from C$16.50 to C$14.00 and set an outperform rating for the company in a research report on Friday, January 19th. Finally, ATB Capital reduced their price objective on Crescent Point Energy from C$13.00 to C$12.00 and set an outperform rating for the company in a research report on Thursday, January 18th. Ten analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of Buy and a consensus price target of C$14.05.

Crescent Point Energy Trading Up 2.7 %

Crescent Point Energy stock opened at C$11.96 on Friday. Crescent Point Energy has a 12 month low of C$8.16 and a 12 month high of C$12.47. The business’s fifty day simple moving average is C$10.57 and its two-hundred day simple moving average is C$9.95. 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 capitalization of C$7.41 billion, a price-to-earnings ratio of 8.19, a price-to-earnings-growth ratio of -0.59 and a beta of 2.86.

Crescent Point Energy (TSE:CPG) (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 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 during the quarter, compared to analysts’ expectations of C$1 billion. As a group, equities analysts predict that Crescent Point Energy will post 1.430622 earnings per share 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. Stockholders of record on Friday, March 15th were paid a $0.115 dividend. This is a positive change from Crescent Point Energy’s previous quarterly dividend of $0.02. The ex-dividend date was Thursday, March 14th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 3.85%. Crescent Point Energy’s dividend payout ratio is 31.51%.

Insider Transactions at Crescent Point Energy

In other news, Senior Officer Mark Gordon Eade sold 34,497 shares of the company’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 company’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. Also, Senior Officer William Garret Holt acquired 49,309 shares of the company’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. Corporate 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.