CIBC Increases Crescent Point Energy (TSE:CPG) Price Target to C$15.00

Crescent Point Energy (TSE:CPG) (NYSE:CPG) had its target price lifted by equities research analysts at CIBC from C$14.00 to C$15.00 in a research note issued on Monday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. CIBC’s price objective suggests a potential upside of 23.97% from the company’s previous close.

Several other equities analysts have also issued reports on CPG. Desjardins lifted their target price on Crescent Point Energy from C$12.00 to C$12.50 and gave the company a “buy” rating in a research note on Friday, March 22nd. Stifel Nicolaus lifted their target price on Crescent Point Energy from C$14.00 to C$14.50 and gave the company a “buy” rating in a research note on Thursday, March 21st. National Bankshares lifted their target price 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. ATB Capital lifted their target price on Crescent Point Energy from C$12.00 to C$13.00 in a research note on Monday. Finally, Raymond James cut their target price on Crescent Point Energy from C$16.50 to C$14.00 and set an “outperform” rating on the stock in a research note on Friday, January 19th. Ten equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of C$14.55.

Crescent Point Energy Stock Performance

CPG stock opened at C$12.10 on Monday. The company has a debt-to-equity ratio of 54.04, a current ratio of 0.76 and a quick ratio of 0.49. The business has a 50-day moving average price of C$10.63 and a 200 day moving average price of C$9.95. The company has a market capitalization of C$7.50 billion, a P/E ratio of 8.29, a PEG ratio of -0.59 and a beta of 2.86. Crescent Point Energy has a 1-year low of C$8.16 and a 1-year high of C$12.47.

Crescent Point Energy (TSE:CPG) (NYSE:CPG) last released its quarterly earnings data on Thursday, February 29th. The company reported C$0.37 earnings per share for the quarter, missing the consensus estimate of C$0.51 by C($0.14). Crescent Point Energy had a net margin of 17.88% and a return on equity of 11.97%. The firm had revenue of C$1.01 billion during the quarter, compared to the consensus estimate of C$1 billion. As a group, equities research analysts forecast that Crescent Point Energy will post 1.430622 EPS for the current fiscal year.

Insider Transactions at Crescent Point Energy

In related news, Senior Officer Mark Gordon Eade sold 34,497 shares of the company’s stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of C$11.83, for a total value of C$408,099.51. In other news, Senior Officer William Garret Holt bought 49,309 shares of the company’s stock in a transaction that occurred on Friday, March 8th. The shares were purchased at an average price of C$10.15 per share, for a total transaction of C$500,486.35. Also, Senior Officer Mark Gordon Eade sold 34,497 shares of the company’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. Insiders own 0.23% of the company’s stock.

About Crescent Point Energy

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.