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 research report issued on Tuesday, BayStreet.CA reports. Jefferies Financial Group’s target price would suggest a potential upside of 15.42% from the stock’s previous close.

Several other analysts have also weighed in on CPG. Stifel Nicolaus upped their target price on Crescent Point Energy from C$14.00 to C$14.50 and gave the company a “buy” rating in a report on Thursday, March 21st. ATB Capital upped their target price on Crescent Point Energy from C$12.00 to C$13.00 in a report on Monday. Desjardins upped their target price 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. CIBC upped their target price on Crescent Point Energy from C$14.00 to C$15.00 and gave the company an “outperform” rating in a report on Monday. Finally, Canaccord Genuity Group upped their target price on Crescent Point Energy from C$13.00 to C$14.00 and gave the company a “buy” rating in a report on Wednesday, April 17th. Ten research analysts have rated the stock with a buy rating, According to data from MarketBeat, Crescent Point Energy presently has a consensus rating of “Buy” and an average target price of C$14.55.

Crescent Point Energy Stock Up 0.2 %

Shares of TSE:CPG opened at C$12.13 on Tuesday. The company has a market capitalization of C$7.52 billion, a PE ratio of 8.31, a P/E/G ratio of -0.59 and a beta of 2.86. 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 has a twelve month low of C$8.16 and a twelve month high of C$12.47. The firm has a 50 day simple moving average of C$10.70 and a 200-day simple moving average of C$9.96.

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 for the quarter, missing the consensus estimate of C$0.51 by C($0.14). The firm had revenue of C$1.01 billion during the quarter, compared to analyst estimates of C$1 billion. Crescent Point Energy had a net margin of 17.88% and a return on equity of 11.97%. On average, equities analysts predict that Crescent Point Energy will post 1.430622 EPS for the current fiscal year.

Insider Buying and Selling at Crescent Point Energy

In other 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 stock was sold at an average price of C$11.83, for a total value of C$408,099.51. In other news, Senior Officer Mark Gordon Eade sold 34,497 shares of Crescent Point Energy stock in a transaction on Thursday, April 4th. The stock was sold at an average price of C$11.83, for a total transaction of C$408,099.51. Also, Senior Officer William Garret Holt purchased 49,309 shares of the stock in a transaction dated Friday, March 8th. The shares were acquired at an average price of C$10.15 per share, for a total transaction of C$500,486.35. 0.23% of the stock is owned by 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.