Crescent Point Energy Corp. (TSE:CPG - Get Free Report) (NYSE:CPG) Senior Officer Mark Gordon Eade sold 34,497 shares of the firm'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 value of C$408,099.51.
Crescent Point Energy Price Performance
TSE:CPG opened at C$11.97 on Monday. The company has a quick ratio of 0.49, a current ratio of 0.76 and a debt-to-equity ratio of 54.04. Crescent Point Energy Corp. has a 52 week low of C$8.16 and a 52 week high of C$12.05. The stock's 50-day moving average price is C$9.90 and its 200-day moving average price is C$9.87. The stock has a market capitalization of C$7.42 billion, a PE ratio of 8.20, a price-to-earnings-growth ratio of -0.59 and a beta of 2.88.
Crescent Point Energy (TSE:CPG - Get Free Report) (NYSE:CPG) last posted its quarterly earnings data on Thursday, February 29th. The company reported C$0.37 earnings per share 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. As a group, equities analysts expect that Crescent Point Energy Corp. will post 1.3190476 EPS for the current fiscal year.
Crescent Point Energy Increases Dividend
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The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders 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 3.84%. The ex-dividend date was Thursday, March 14th. Crescent Point Energy's dividend payout ratio (DPR) is currently 31.51%.
Analysts Set New Price Targets
A number of research analysts recently commented on CPG shares. Desjardins increased their price target on shares of Crescent Point Energy from C$12.00 to C$12.50 and gave the company a "buy" rating in a report on Friday, March 22nd. Canaccord Genuity Group raised their price objective on Crescent Point Energy from C$12.50 to C$13.00 and gave the company a "buy" rating in a research note on Thursday, March 21st. CIBC cut their target price on Crescent Point Energy from C$15.00 to C$14.00 and set an "outperform" rating on the stock in a research report on Tuesday, January 16th. National Bankshares lowered their price target on Crescent Point Energy from C$19.00 to C$14.00 and set an "outperform" rating for the company in a research report on Wednesday, January 10th. Finally, Jefferies Financial Group set a C$12.00 price objective on shares of Crescent Point Energy and gave the company a "buy" rating in a research report on Tuesday, February 27th. Ten research analysts have rated the stock with a buy rating, According to MarketBeat, Crescent Point Energy currently has a consensus rating of "Buy" and an average price target of C$13.71.
View Our Latest Stock Report on CPG
Crescent Point Energy Company Profile
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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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