Crescent Point Energy (CPG) Price Target Raised to C$14.00 at Barclays

Crescent Point Energy (TSE:CPG) (NYSE:CPG) had its target price hoisted by Barclays from C$13.00 to C$14.00 in a research note released on Wednesday morning.

Several other research firms have also recently weighed in on CPG. BMO Capital Markets lowered their price target on shares of Crescent Point Energy from C$14.00 to C$13.00 in a report on Tuesday, October 10th. TD Securities increased their price target on shares of Crescent Point Energy from C$15.00 to C$15.50 and gave the company a buy rating in a report on Wednesday, January 10th. National Bank Financial increased their price target on shares of Crescent Point Energy from C$12.00 to C$16.00 and gave the company an outperform rating in a report on Tuesday, January 9th. Finally, Royal Bank of Canada increased their price target on shares of Crescent Point Energy from C$12.00 to C$13.00 and gave the company a sector perform rating in a report on Wednesday, January 10th.

Crescent Point Energy (CPG) opened at C$10.59 on Wednesday. The firm has a market cap of $5,780.00, a PE ratio of -9.90 and a beta of 1.13. Crescent Point Energy has a fifty-two week low of C$8.08 and a fifty-two week high of C$16.64.

Crescent Point Energy (TSE:CPG) (NYSE:CPG) last released its quarterly earnings results on Thursday, October 26th. The company reported C$0.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of C($0.03) by C$0.09. Crescent Point Energy had a negative net margin of 41.50% and a negative return on equity of 11.49%.

The firm also recently announced a monthly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Thursday, February 15th will be issued a dividend of $0.03 per share. The ex-dividend date is Tuesday, January 30th. This represents a $0.36 annualized dividend and a dividend yield of 3.40%. Crescent Point Energy’s dividend payout ratio is presently -33.64%.

In other news, insider Mark Gordon Eade sold 6,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of C$10.80, for a total transaction of C$70,200.00. Also, Director Edward Goldthorpe acquired 15,000 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The stock was purchased at an average cost of C$7.45 per share, for a total transaction of C$111,750.00. Insiders have sold 15,786 shares of company stock worth $156,541 over the last ninety days.

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Crescent Point Energy Company Profile

Crescent Point Energy Corp. (Crescent Point) is a Canada-based oil and gas exploration, development and production company. The Company is an oil and gas producer with assets consisting of light and medium oil and natural gas reserves in Western Canada and the United States. Its crude oil and natural gas properties and related assets are located in the provinces of Saskatchewan, Alberta, British Columbia and Manitoba, and the states of North Dakota, Montana, Colorado and Utah.

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