Crescent Point Energy (TSE:CPG) Price Target Raised to C$16.00

Crescent Point Energy (TSE:CPG) (NYSE:CPG) had its target price hoisted by equities research analysts at Stifel Nicolaus from C$14.25 to C$16.00 in a report released on Tuesday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective points to a potential upside of 31.90% from the company’s current price.

Other equities analysts have also issued reports about the company. National Bankshares upped 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 report on Friday, April 19th. BMO Capital Markets upped their target price on Crescent Point Energy from C$12.00 to C$13.00 and gave the company an “outperform” rating in a research report on Thursday, March 21st. CIBC upped their target price on Crescent Point Energy from C$14.00 to C$15.00 and gave the company an “outperform” rating in a research report on Monday. ATB Capital upped their price target on Crescent Point Energy from C$12.00 to C$13.00 in a research report on Monday. Finally, Jefferies Financial Group increased their target price on Crescent Point Energy from C$12.00 to C$14.00 in a research report on Tuesday. Ten equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Crescent Point Energy has a consensus rating of “Buy” and a consensus price target of C$14.55.

Crescent Point Energy Stock Up 0.2 %

TSE CPG opened at C$12.13 on Tuesday. The stock has a market cap of C$7.52 billion, a PE ratio of 8.31, a P/E/G ratio of -0.59 and a beta of 2.86. Crescent Point Energy has a fifty-two week low of C$8.16 and a fifty-two week high of C$12.47. The business has a 50 day moving average price of C$10.70 and a two-hundred day moving average price of C$9.96. The company has a quick ratio of 0.49, a current ratio of 0.76 and a debt-to-equity ratio of 54.04.

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

Insider Transactions at Crescent Point Energy

In other news, Senior Officer Mark Gordon Eade sold 34,497 shares of the stock in a transaction 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 firm’s stock in a transaction that occurred on Friday, March 8th. The stock was acquired at an average price of C$10.15 per share, with a total value of C$500,486.35. Also, Senior Officer Mark Gordon Eade sold 34,497 shares of the firm’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of C$11.83, for a total value of C$408,099.51. Company insiders own 0.23% 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.