Crescent Point Energy (CPG) Price Target Lowered to C$14.00 at GMP Securities

Crescent Point Energy (TSE:CPG) (NYSE:CPG) had its target price lowered by GMP Securities from C$14.25 to C$14.00 in a report released on Friday.

A number of other equities analysts also recently commented on the company. National Bank Financial dropped their price objective on Crescent Point Energy from C$15.50 to C$14.50 and set an outperform rating on the stock in a report on Friday. Raymond James increased their price objective on Crescent Point Energy from C$10.00 to C$13.00 in a report on Tuesday, April 24th. CSFB increased their price objective on Crescent Point Energy from C$12.00 to C$13.00 in a report on Friday, April 13th. Barclays dropped their price objective on Crescent Point Energy from C$14.00 to C$12.00 in a report on Friday, March 2nd. Finally, TD Securities dropped their price objective on Crescent Point Energy from C$15.50 to C$14.50 and set a buy rating on the stock in a report on Friday, March 2nd.

TSE:CPG opened at C$10.15 on Friday. Crescent Point Energy has a 52 week low of C$8.08 and a 52 week high of C$13.86.

Crescent Point Energy (TSE:CPG) (NYSE:CPG) last released its quarterly earnings data on Thursday, March 1st. The company reported C($0.06) EPS for the quarter, missing analysts’ consensus estimates of C$0.10 by C($0.16). Crescent Point Energy had a return on equity of 2.23% and a net margin of 6.44%. The firm had revenue of C$916.00 million during the quarter, compared to analyst estimates of C$875.60 million.

The business also recently announced a monthly dividend, which will be paid on Tuesday, May 15th. Shareholders of record on Tuesday, May 15th will be given a dividend of $0.03 per share. The ex-dividend date is Friday, April 27th. This represents a $0.36 dividend on an annualized basis and a yield of 3.55%.

In related news, Director Scott Saxberg bought 11,400 shares of the firm’s stock in a transaction on Monday, March 5th. The stock was purchased at an average price of C$8.79 per share, with a total value of C$100,206.00. Insiders have acquired 33,883 shares of company stock valued at $295,205 in the last ninety days.

About Crescent Point Energy

Crescent Point Energy Corp. acquires, explores, develops, and produces light and medium oil and natural gas properties in Western Canada and the United States. The company's 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, and Utah.

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