Crescent Point Energy (TSE:CPG) Hits New 52-Week High at $12.54

Crescent Point Energy Corp. (TSE:CPG) (NYSE:CPG)’s share price hit a new 52-week high during trading on Monday . The company traded as high as C$12.54 and last traded at C$12.53, with a volume of 2336022 shares traded. The stock had previously closed at C$12.38.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. BMO Capital Markets upped their target price on Crescent Point Energy from C$12.00 to C$13.00 and gave the company an “outperform” rating in a report on Thursday, March 21st. Jefferies Financial Group lifted their price target on shares of Crescent Point Energy from C$12.00 to C$14.00 in a research note on Tuesday, April 23rd. Desjardins raised their target price on Crescent Point Energy from C$12.50 to C$14.00 and gave the stock a “buy” rating in a report on Tuesday, April 23rd. ATB Capital lifted their target price on Crescent Point Energy from C$12.00 to C$13.00 in a research note on Monday, April 22nd. Finally, Stifel Nicolaus boosted their target price on shares of Crescent Point Energy from C$14.25 to C$16.00 and gave the stock a “buy” rating in a report on Tuesday, April 23rd. Ten research 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 target price of C$14.55.

Crescent Point Energy Price Performance

The stock has a fifty day simple moving average of C$10.90 and a 200-day simple moving average of C$10.00. The company has a market capitalization of C$7.82 billion, a PE ratio of 8.56, a P/E/G ratio of -0.59 and a beta of 2.86. The company has a current ratio of 0.76, a quick ratio of 0.49 and a debt-to-equity ratio of 54.04.

Crescent Point Energy (TSE:CPG) (NYSE:CPG) last issued its quarterly 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). The company had revenue of C$1.01 billion during the quarter, compared to analyst estimates of C$1 billion. Crescent Point Energy had a net margin of 17.88% and a return on equity of 11.97%. Equities analysts anticipate that Crescent Point Energy Corp. will post 1.430622 earnings per share for the current year.

Crescent Point Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders 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 yield of 3.65%. The ex-dividend date was Thursday, March 14th. This is a boost from Crescent Point Energy’s previous quarterly dividend of $0.02. Crescent Point Energy’s dividend payout ratio is 31.51%.

Insider Buying and Selling at Crescent Point Energy

In other news, Senior Officer William Garret Holt acquired 49,309 shares of Crescent Point Energy stock in a transaction dated Friday, March 8th. The shares were 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 Mark Gordon Eade sold 34,497 shares of Crescent Point Energy stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of C$11.83, for a total value of C$408,099.51. Also, Senior Officer William Garret Holt purchased 49,309 shares of the company’s stock in a transaction on Friday, March 8th. The stock was purchased at an average price of C$10.15 per share, for a total transaction of C$500,486.35. 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.