Crescent Point Energy (TSE:CPG – Get Free Report) (NYSE:CPG) had its target price raised by equities research analysts at BMO Capital Markets from C$13.00 to C$14.00 in a note issued to investors on Tuesday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ target price indicates a potential upside of 16.76% from the company’s previous close.
A number of other brokerages also recently issued reports on CPG. ATB Capital increased 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. Raymond James reduced their price objective on shares of 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. National Bankshares increased their price objective on shares of Crescent Point Energy from C$14.00 to C$19.00 and gave the stock an “outperform” rating in a research note on Friday, April 19th. Desjardins increased their price objective on shares of Crescent Point Energy from C$12.50 to C$14.00 and gave the stock a “buy” rating in a research note on Tuesday, April 23rd. Finally, Stifel Nicolaus increased their price objective on shares of Crescent Point Energy from C$14.25 to C$16.00 and gave the stock a “buy” rating in a research note on Tuesday, April 23rd. Ten research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of C$14.70.
View Our Latest Stock Analysis on CPG
Crescent Point Energy Stock Performance
Crescent Point Energy (TSE:CPG – Get Free Report) (NYSE:CPG) last issued 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 company had revenue of C$1.01 billion during the quarter, compared to the consensus estimate of C$1 billion. As a group, equities analysts predict that Crescent Point Energy will post 1.430622 EPS for the current year.
Insider Buying and Selling
In related news, Senior Officer Mark Gordon Eade sold 34,497 shares of Crescent Point Energy 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 William Garret Holt acquired 49,309 shares of the stock in a transaction dated Friday, March 8th. The stock was bought 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 Crescent Point Energy stock in a transaction 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. 0.23% of the stock is owned by corporate insiders.
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.
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