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

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

Several other equities research analysts also recently weighed in on the stock. CIBC raised their target price on shares of Crescent Point Energy from C$14.00 to C$15.00 and gave the company an outperform rating in a research note on Monday, April 22nd. Desjardins raised their target price on shares of Crescent Point Energy from C$12.50 to C$14.00 and gave the company a buy rating in a research note on Tuesday. National Bankshares raised their target price on shares of Crescent Point Energy from C$14.00 to C$19.00 and gave the company an outperform rating in a research note on Friday, April 19th. Raymond James lowered their target price on shares of Crescent Point Energy from C$16.50 to C$14.00 and set an outperform rating for the company in a research note on Friday, January 19th. Finally, ATB Capital raised their target price on shares of Crescent Point Energy from C$12.00 to C$13.00 in a research note on Monday, April 22nd. Ten investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of Buy and an average price target of C$14.55.

Crescent Point Energy Stock Performance

Shares of TSE:CPG opened at C$12.38 on Tuesday. The firm has a market cap of C$7.67 billion, a PE ratio of 8.48, a price-to-earnings-growth ratio of -0.59 and a beta of 2.86. The firm’s 50 day simple moving average is C$10.84 and its 200-day simple moving average is C$10.00. Crescent Point Energy has a one year low of C$8.16 and a one year high of C$12.47. The company has a debt-to-equity ratio of 54.04, a quick ratio of 0.49 and a current ratio of 0.76.

Crescent Point Energy (TSE:CPG) (NYSE:CPG) last issued its quarterly earnings data 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 for 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%. As a group, equities analysts predict that Crescent Point Energy will post 1.430622 EPS for the current year.

Crescent Point Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 15th were given a dividend of $0.115 per share. The ex-dividend date was Thursday, March 14th. This is an increase 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 3.72%. Crescent Point Energy’s payout ratio is currently 31.51%.

Insider Activity at Crescent Point Energy

In related 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 transaction of C$408,099.51. In other news, Senior Officer William Garret Holt acquired 49,309 shares of the business’s stock in a transaction on Friday, March 8th. The stock was bought at an average price 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 Crescent Point Energy stock in a transaction 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.