TD Securities Raises Crescent Point Energy (TSE:CPG) Price Target to C$15.50

Crescent Point Energy (TSE:CPG) (NYSE:CPG) had its price objective upped by TD Securities from C$15.00 to C$15.50 in a research note published on Wednesday, January 10th. They currently have a buy rating on the stock.

Other analysts have also recently issued reports about the stock. Barclays decreased their price objective on shares of Crescent Point Energy from C$12.00 to C$11.00 in a research note on Monday, October 30th. National Bank Financial upped their price objective on shares of Crescent Point Energy from C$12.00 to C$16.00 and gave the stock an outperform rating in a research note on Tuesday, January 9th. Finally, BMO Capital Markets decreased their price objective on shares of Crescent Point Energy from C$14.00 to C$13.00 in a research note on Tuesday, October 10th.

Crescent Point Energy (TSE:CPG) opened at C$10.59 on Wednesday. The company 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 52-week low of C$8.08 and a 52-week high of C$16.64.

Crescent Point Energy (TSE:CPG) (NYSE:CPG) last posted its earnings results on Thursday, October 26th. The company reported C$0.06 earnings per share for the quarter, beating the Zacks’ 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 business also recently declared a monthly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Thursday, February 15th will be paid 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 (DPR) is currently -33.64%.

In other news, insider Tamara Macdonald sold 5,000 shares of the stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of C$9.22, for a total transaction of C$46,100.00. Also, insider Mark Gordon Eade sold 6,500 shares of the 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. Insiders have sold 15,786 shares of company stock worth $156,541 over the last three months.

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About Crescent Point Energy

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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