Crescent Point Energy (TSE:CPG) Price Target Raised to C$15.00

Crescent Point Energy (TSE:CPG) (NYSE:CPG) had its price target lifted by equities research analysts at CIBC from C$14.00 to C$15.00 in a research report issued to clients and investors on Monday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. CIBC’s target price would indicate a potential upside of 23.97% from the company’s current price.

Several other analysts have also recently issued reports on the company. BMO Capital Markets upped their price objective on 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. Desjardins upped their price objective on Crescent Point Energy from C$12.00 to C$12.50 and gave the company a “buy” rating in a research note on Friday, March 22nd. Stifel Nicolaus upped their price objective on 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. ATB Capital upped their price objective on Crescent Point Energy from C$12.00 to C$13.00 in a research note on Monday. Finally, National Bankshares increased their price target on Crescent Point Energy from C$14.00 to C$19.00 and gave the stock an “outperform” rating in a research report on Friday, April 19th. Ten research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of C$14.55.

Crescent Point Energy Trading Up 1.7 %

TSE:CPG opened at C$12.10 on Monday. The company has a debt-to-equity ratio of 54.04, a quick ratio of 0.49 and a current ratio of 0.76. Crescent Point Energy has a one year low of C$8.16 and a one year high of C$12.47. The business’s 50-day simple moving average is C$10.63 and its 200 day simple moving average is C$9.95. The stock has a market cap of C$7.50 billion, a price-to-earnings ratio of 8.29, a price-to-earnings-growth ratio of -0.59 and a beta of 2.86.

Crescent Point Energy (TSE:CPG) (NYSE:CPG) last released 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). Crescent Point Energy had a return on equity of 11.97% and a net margin of 17.88%. The business had revenue of C$1.01 billion during the quarter, compared to analyst estimates of C$1 billion. As a group, sell-side analysts predict 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 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. 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 stock was sold at an average price of C$11.83, for a total value of C$408,099.51. Also, Senior Officer William Garret Holt acquired 49,309 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The stock was acquired 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.