Crescent Point Energy (TSE:CPG – Free Report) (NYSE:CPG) had its price target lifted by CIBC from C$14.00 to C$15.00 in a report published on Monday morning, BayStreet.CA reports. CIBC currently has an outperform rating on the stock.
A number of other research analysts also recently commented on the stock. Raymond James decreased their price objective 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 report on Friday, January 19th. National Bankshares lifted 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 report on Friday, April 19th. BMO Capital Markets lifted their price objective 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. Desjardins lifted their target price on shares of Crescent Point Energy from C$12.00 to C$12.50 and gave the stock a buy rating in a report on Friday, March 22nd. Finally, Canaccord Genuity Group lifted their target price on shares of Crescent Point Energy from C$13.00 to C$14.00 and gave the stock a buy rating in a report on Wednesday, April 17th. Ten analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Crescent Point Energy has a consensus rating of Buy and an average target price of C$14.55.
Read Our Latest Research Report on Crescent Point Energy
Crescent Point Energy Trading Up 1.5 %
Crescent Point Energy (TSE:CPG – Get Free Report) (NYSE:CPG) last issued its quarterly earnings data on Thursday, February 29th. The company reported C$0.37 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of C$1.01 billion for the quarter, compared to analyst estimates of C$1 billion. Equities research analysts predict that Crescent Point Energy will post 1.430622 EPS for the current year.
Crescent Point Energy Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 15th were given a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a yield of 3.74%. This is a positive change from Crescent Point Energy’s previous quarterly dividend of $0.02. The ex-dividend date was Thursday, March 14th. Crescent Point Energy’s payout ratio is presently 31.51%.
Insiders Place Their Bets
In other Crescent Point Energy 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 stock was sold at an average price of C$11.83, for a total transaction of C$408,099.51. 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 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 bought 49,309 shares of the business’s stock in a transaction dated Friday, March 8th. The stock was acquired at an average price of C$10.15 per share, for a total transaction of C$500,486.35. 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.
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