Crescent Point Energy Corp. (TSE:CPG) Given Consensus Rating of “Buy” by Brokerages

Shares of Crescent Point Energy Corp. (TSE:CPG) (NYSE:CPG) have received an average rating of “Buy” from the ten brokerages that are covering the stock, MarketBeat.com reports. Ten equities research analysts have rated the stock with a buy rating. The average 12 month target price among brokers that have issued a report on the stock in the last year is C$14.55.

A number of research firms have issued reports on CPG. Raymond James reduced their price target 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. Stifel Nicolaus raised their target price on Crescent Point Energy from C$14.25 to C$16.00 and gave the stock a “buy” rating in a research report on Tuesday, April 23rd. CIBC raised their target price on Crescent Point Energy from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a research report on Monday, April 22nd. ATB Capital raised their target price on Crescent Point Energy from C$12.00 to C$13.00 in a research report on Monday, April 22nd. Finally, BMO Capital Markets raised their price target on Crescent Point Energy from C$12.00 to C$13.00 and gave the stock an “outperform” rating in a research note on Thursday, March 21st.

Crescent Point Energy Stock Performance

Shares of Crescent Point Energy stock opened at C$12.14 on Wednesday. The business has a 50-day moving average of C$11.03 and a 200 day moving average of C$10.02. Crescent Point Energy has a 12 month low of C$8.16 and a 12 month high of C$12.67. The stock has a market capitalization of C$7.53 billion, a price-to-earnings ratio of 8.32, a price-to-earnings-growth ratio of -0.59 and a beta of 2.86. The company has a debt-to-equity ratio of 54.04, a current ratio of 0.76 and a quick ratio of 0.49.

Crescent Point Energy (TSE:CPG) (NYSE:CPG) last announced its earnings results 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). The firm 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, sell-side analysts forecast that Crescent Point Energy 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 paid a $0.115 dividend. This is an increase from Crescent Point Energy’s previous quarterly dividend of $0.02. This represents a $0.46 annualized dividend and a dividend yield of 3.79%. The ex-dividend date of this dividend was Thursday, March 14th. Crescent Point Energy’s dividend payout ratio (DPR) is 31.51%.

Insider Buying and Selling at Crescent Point Energy

In other Crescent Point Energy news, Senior Officer William Garret Holt purchased 49,309 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The shares were purchased at an average cost of C$10.15 per share, for a total transaction of C$500,486.35. In related news, Senior Officer Mark Gordon Eade sold 34,497 shares of Crescent Point Energy stock in a transaction 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. Also, Senior Officer William Garret Holt acquired 49,309 shares of Crescent Point Energy stock in a transaction that occurred on Friday, March 8th. The shares were purchased at an average cost of C$10.15 per share, with a total value of C$500,486.35. Company 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.