Crescent Point Energy (TSE:CPG) PT Raised to C$14.00

Crescent Point Energy (TSE:CPG) (NYSE:CPG) had its price target hoisted by equities research analysts at Canaccord Genuity Group from C$13.00 to C$14.00 in a note issued to investors on Wednesday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective would suggest a potential upside of 20.17% from the company’s current price.

Other analysts have also recently issued reports about the stock. ATB Capital reduced their target price on shares of Crescent Point Energy from C$13.00 to C$12.00 and set an “outperform” rating for the company in a research note on Thursday, January 18th. National Bankshares reduced their target price on shares of Crescent Point Energy from C$19.00 to C$14.00 and set an “outperform” rating for the company in a research note on Wednesday, January 10th. BMO Capital Markets lifted their target price on shares of Crescent Point Energy from C$12.00 to C$13.00 and gave the company an “outperform” rating in a research note on Thursday, March 21st. CIBC reduced their target price on shares of Crescent Point Energy from C$15.00 to C$14.00 and set an “outperform” rating for the company in a research note on Tuesday, January 16th. Finally, Stifel Nicolaus lifted their target price on shares of 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. Ten equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of C$13.55.

Crescent Point Energy Stock Performance

CPG stock opened at C$11.65 on Wednesday. The company has a debt-to-equity ratio of 54.04, a quick ratio of 0.49 and a current ratio of 0.76. The stock has a market cap of C$7.22 billion, a P/E ratio of 7.98, a P/E/G ratio of -0.59 and a beta of 2.86. The firm has a 50 day simple moving average of C$10.50 and a 200 day simple moving average of C$9.94. Crescent Point Energy has a 52 week low of C$8.16 and a 52 week high of C$12.47.

Crescent Point Energy (TSE:CPG) (NYSE:CPG) last posted 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 company had revenue of C$1.01 billion for the quarter, compared to analyst estimates of C$1 billion. Crescent Point Energy had a return on equity of 11.97% and a net margin of 17.88%. Research analysts anticipate that Crescent Point Energy will post 1.430622 earnings per share for the current fiscal year.

Insider Buying and Selling

In related 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 acquired at an average price of C$10.15 per share, with a total value of C$500,486.35. In related news, Senior Officer Mark Gordon Eade sold 34,497 shares of the business’s 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. Also, 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 bought at an average cost of C$10.15 per share, for a total transaction of C$500,486.35. 0.23% of the stock is currently owned by insiders.

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.