Crescent Point Energy (TSE:CPG) PT Raised to C$14.00 at Jefferies Financial Group

Crescent Point Energy (TSE:CPG) (NYSE:CPG) had its price objective upped by investment analysts at Jefferies Financial Group from C$12.00 to C$14.00 in a note issued to investors on Tuesday, BayStreet.CA reports. Jefferies Financial Group’s price target would indicate a potential upside of 15.42% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. ATB Capital boosted their price objective on shares of Crescent Point Energy from C$12.00 to C$13.00 in a research report on Monday. Stifel Nicolaus boosted their price objective on shares of Crescent Point Energy from C$14.00 to C$14.50 and gave the company a “buy” rating in a research report on Thursday, March 21st. CIBC boosted their price objective on shares of Crescent Point Energy from C$14.00 to C$15.00 and gave the company an “outperform” rating in a research report on Monday. Desjardins boosted their price objective on shares of Crescent Point Energy from C$12.00 to C$12.50 and gave the company a “buy” rating in a research report on Friday, March 22nd. Finally, Raymond James lowered their price objective on shares of Crescent Point Energy from C$16.50 to C$14.00 and set an “outperform” rating for the company in a research report on Friday, January 19th. Ten investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of C$14.55.

Crescent Point Energy Stock Performance

Shares of TSE:CPG opened at C$12.13 on Tuesday. The company has a market capitalization of C$7.52 billion, a price-to-earnings ratio of 8.31, a PEG ratio of -0.59 and a beta of 2.86. Crescent Point Energy has a 12 month low of C$8.16 and a 12 month high of C$12.47. The firm’s 50-day moving average is C$10.70 and its 200 day moving average is C$9.96. The company has a current ratio of 0.76, a quick ratio of 0.49 and a debt-to-equity ratio of 54.04.

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

Insider Transactions at Crescent Point Energy

In related news, Senior Officer Mark Gordon Eade sold 34,497 shares of the 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 transaction of C$408,099.51. In related news, Senior Officer Mark Gordon Eade sold 34,497 shares of the 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 transaction of C$408,099.51. Also, Senior Officer William Garret Holt bought 49,309 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The shares were purchased at an average cost of C$10.15 per share, with a total value of C$500,486.35. Corporate 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.