Crescent Point Energy (TSE:CPG) PT Raised to C$13.00

Crescent Point Energy (TSE:CPGGet Free Report) (NYSE:CPG) had its target price hoisted by equities research analysts at BMO Capital Markets from C$12.00 to C$13.00 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. BMO Capital Markets’ price target suggests a potential upside of 22.76% from the company’s current price.

Other research analysts also recently issued reports about the stock. National Bankshares reduced their price objective on shares of Crescent Point Energy from C$19.00 to C$14.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 10th. Canaccord Genuity Group increased their price objective on shares of Crescent Point Energy from C$12.50 to C$13.00 and gave the company a “buy” rating in a research note on Thursday. 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. ATB Capital reduced their price target on shares of Crescent Point Energy from C$13.00 to C$12.00 and set an “outperform” rating on the stock in a research report on Thursday, January 18th. Finally, CIBC reduced their price target on shares of Crescent Point Energy from C$15.00 to C$14.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 16th. Ten equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of C$13.71.

Check Out Our Latest Analysis on Crescent Point Energy

Crescent Point Energy Trading Down 1.3 %

TSE CPG opened at C$10.59 on Thursday. Crescent Point Energy has a 12 month low of C$8.16 and a 12 month high of C$11.70. The company has a debt-to-equity ratio of 54.04, a current ratio of 0.76 and a quick ratio of 0.49. The company has a market capitalization of C$6.57 billion, a price-to-earnings ratio of 7.25, a price-to-earnings-growth ratio of -0.59 and a beta of 2.88. The company’s fifty day moving average price is C$9.38 and its two-hundred day moving average price is C$9.89.

Insider Buying and Selling at Crescent Point Energy

In related news, Senior Officer William Garret Holt bought 49,309 shares of the stock in a transaction on Friday, March 8th. The shares were purchased at an average price of C$10.15 per share, with a total value of C$500,486.35. 0.23% of the stock is owned by corporate insiders.

About Crescent Point Energy

(Get Free Report)

Crescent Point Energy Corp., together with its subsidiaries, 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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Analyst Recommendations for Crescent Point Energy (TSE:CPG)

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