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 lifted by analysts at Jefferies Financial Group from C$12.00 to C$14.00 in a research report issued on Tuesday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Jefferies Financial Group’s target price would indicate a potential upside of 19.15% from the stock’s current price.

A number of other equities research analysts have also issued reports on the stock. CIBC cut their price objective on shares of Crescent Point Energy from C$15.00 to C$14.00 and set an “outperform” rating for the company in a report on Tuesday, January 16th. ATB Capital cut their target price on Crescent Point Energy from C$13.00 to C$12.00 and set an “outperform” rating on the stock in a research note on Thursday, January 18th. Desjardins boosted their price target on Crescent Point Energy from C$12.00 to C$12.50 and gave the company a “buy” rating in a report on Friday, March 22nd. 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 report on Thursday, March 21st. Finally, Raymond James reduced their price target on Crescent Point Energy from C$16.50 to C$14.00 and set an “outperform” rating on the stock in a research report on Friday, January 19th. Ten research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of C$13.95.

Crescent Point Energy Stock Performance

Shares of Crescent Point Energy stock opened at C$11.75 on Tuesday. The stock has a market cap of C$7.28 billion, a price-to-earnings ratio of 8.05, a PEG ratio of -0.59 and a beta of 2.86. The firm’s 50-day moving average is C$10.44 and its 200 day moving average is C$9.93. Crescent Point Energy has a 1 year low of C$8.16 and a 1 year high of C$12.47. The company has a debt-to-equity ratio of 54.04, a current ratio of 0.76 and a quick ratio of 0.49.

Crescent Point Energy (TSE:CPG) (NYSE:CPG) last posted its earnings results on Thursday, February 29th. The company reported C$0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.51 by C($0.14). The company 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%. Sell-side analysts anticipate that Crescent Point Energy will post 1.430622 EPS for the current fiscal year.

Insider Transactions at Crescent Point Energy

In other Crescent Point Energy news, Senior Officer William Garret Holt purchased 49,309 shares of Crescent Point Energy stock in a transaction that occurred on Friday, March 8th. The stock was purchased at an average price of C$10.15 per share, with a total value of C$500,486.35. In other news, Senior Officer William Garret Holt bought 49,309 shares of Crescent Point Energy stock in a transaction on Friday, March 8th. The shares were bought 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 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. Company 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.