Canaccord Genuity Group Boosts Crescent Point Energy (TSE:CPG) Price Target to C$14.50

Crescent Point Energy (TSE:CPG) (NYSE:CPG) had its price objective upped by Canaccord Genuity Group from C$14.00 to C$14.50 in a research report report published on Tuesday morning, BayStreet.CA reports. They currently have a buy rating on the stock.

CPG has been the subject of several other research reports. National Bankshares upped their price objective 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. BMO Capital Markets upped their price target on 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. Raymond James reduced their price objective on 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. Jefferies Financial Group upped their target price on Crescent Point Energy from C$12.00 to C$14.00 in a report on Tuesday, April 23rd. Finally, CIBC lifted their price target on Crescent Point Energy from C$14.00 to C$15.00 and gave the stock an outperform rating in a report on Monday, April 22nd. Ten analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of Buy and a consensus target price of C$14.70.

Crescent Point Energy Price Performance

TSE:CPG opened at C$12.03 on Tuesday. The stock has a 50 day moving average of C$11.35 and a two-hundred day moving average of C$10.06. Crescent Point Energy has a 12 month low of C$8.16 and a 12 month high of C$12.67. The firm has a market cap of C$7.46 billion, a P/E ratio of 8.24, a price-to-earnings-growth 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 posted its quarterly earnings data on Thursday, February 29th. The company reported C$0.37 EPS for the quarter, missing the consensus estimate of C$0.51 by C($0.14). Crescent Point Energy had a net margin of 17.88% and a return on equity of 11.97%. The firm had revenue of C$1.01 billion during the quarter, compared to analyst estimates of C$1 billion. On average, analysts expect that Crescent Point Energy will post 1.430622 earnings per share for the current fiscal year.

Crescent Point Energy Increases Dividend

The business also recently disclosed 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 of this dividend was Thursday, March 14th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 3.82%. This is a boost from Crescent Point Energy’s previous quarterly dividend of $0.02. Crescent Point Energy’s dividend payout ratio (DPR) is presently 31.51%.

Insider Activity at Crescent Point Energy

In other news, Senior Officer Mark Gordon Eade sold 34,497 shares of the business’s 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 transaction of C$408,099.51. In other Crescent Point Energy news, Senior Officer Mark Gordon Eade sold 34,497 shares of the company’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. Also, Senior Officer William Garret Holt bought 49,309 shares of the stock in a transaction dated Friday, March 8th. The stock was purchased at an average cost of C$10.15 per share, for a total transaction of C$500,486.35. 0.23% of the stock is 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.