Crescent Point Energy (TSE:CPG) Shares Cross Above 200-Day Moving Average of $10.36

Crescent Point Energy Corp. (TSE:CPG) (NYSE:CPG)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$10.36 and traded as high as C$10.89. Crescent Point Energy shares last traded at C$10.82, with a volume of 1,441,468 shares trading hands.

Analyst Upgrades and Downgrades

CPG has been the subject of several research reports. CIBC lifted their price target on Crescent Point Energy from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a report on Monday, April 22nd. Desjardins upped their price target on shares of Crescent Point Energy from C$14.00 to C$15.00 and gave the company a “buy” rating in a research note on Monday, May 13th. ATB Capital lifted their price objective on shares of Crescent Point Energy from C$12.00 to C$13.00 in a research note on Monday, April 22nd. National Bankshares boosted their price target on Crescent Point Energy from C$14.00 to C$19.00 and gave the company an “outperform” rating in a research note on Friday, April 19th. Finally, Jefferies Financial Group boosted their price target on Crescent Point Energy from C$12.00 to C$14.00 in a research note on Tuesday, April 23rd. Ten equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of C$14.80.

Crescent Point Energy Trading Up 0.7 %

The firm has a market capitalization of C$6.69 billion, a P/E ratio of 22.08, a P/E/G ratio of -0.59 and a beta of 2.84. The company has a current ratio of 1.03, a quick ratio of 0.49 and a debt-to-equity ratio of 58.46. The firm has a 50-day moving average of C$11.44 and a two-hundred day moving average of C$10.36.

Crescent Point Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 2nd. Investors of record on Saturday, June 15th will be given a dividend of $0.115 per share. This represents a $0.46 dividend on an annualized basis and a yield of 4.25%. The ex-dividend date is Friday, June 14th. Crescent Point Energy’s dividend payout ratio is 93.88%.

Insider Buying and Selling at Crescent Point Energy

In related news, Senior Officer Mark Gordon Eade sold 34,497 shares of the business’s 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. Company insiders own 0.50% 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.