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

Crescent Point Energy (TSE:CPG) (NYSE:CPG) had its price target increased by National Bankshares from C$14.00 to C$19.00 in a research note published on Friday, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Several other research analysts have also recently issued reports on the stock. CIBC decreased their price objective on shares of Crescent Point Energy from C$15.00 to C$14.00 and set an outperform rating for the company in a report on Tuesday, January 16th. Canaccord Genuity Group increased their target price on Crescent Point Energy from C$13.00 to C$14.00 and gave the company a buy rating in a research note on Wednesday, April 17th. BMO Capital Markets lifted their target price 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. Jefferies Financial Group upped their price target on shares of Crescent Point Energy from C$12.00 to C$14.00 and gave the company a buy rating in a research note on Tuesday, April 16th. Finally, ATB Capital reduced their target price on Crescent Point Energy from C$13.00 to C$12.00 and set an outperform rating on the stock in a report on Thursday, January 18th. Ten equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Crescent Point Energy has a consensus rating of Buy and a consensus target price of C$14.05.

Crescent Point Energy Stock Up 2.7 %

Shares of CPG stock opened at C$11.96 on Friday. The stock has a market cap of C$7.41 billion, a P/E ratio of 8.19, a P/E/G ratio of -0.59 and a beta of 2.86. Crescent Point Energy has a 12 month low of C$8.16 and a 12 month high of C$12.47. The company has a 50 day simple moving average of C$10.57 and a two-hundred day simple moving average of C$9.94. 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 released its 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 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, research analysts expect that Crescent Point Energy will post 1.430622 earnings per share for the current year.

Crescent Point Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 15th were given a $0.115 dividend. This represents a $0.46 annualized dividend and a yield of 3.85%. 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 (DPR) is presently 31.51%.

Insiders Place Their Bets

In related 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. In other Crescent Point Energy news, Senior Officer Mark Gordon Eade sold 34,497 shares of the business’s stock in a transaction 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 purchased 49,309 shares of the company’s stock in a transaction dated Friday, March 8th. The shares were acquired at an average price 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.

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.