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

Crescent Point Energy (TSE:CPG) (NYSE:CPG) had its price objective upped by Canaccord Genuity Group from C$13.00 to C$14.00 in a research note issued on Wednesday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective suggests a potential upside of 20.17% from the stock’s previous close.

CPG has been the topic of a number of other reports. National Bankshares lowered their target price on Crescent Point Energy from C$19.00 to C$14.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 10th. Raymond James lowered their target price 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. CIBC lowered their target price on 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. BMO Capital Markets upped their target price on Crescent Point Energy from C$12.00 to C$13.00 and gave the stock an “outperform” rating in a research report on Thursday, March 21st. Finally, ATB Capital lowered 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 report on Thursday, January 18th. Ten investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of C$13.55.

Crescent Point Energy Stock Performance

Shares of CPG stock opened at C$11.65 on Wednesday. The business’s 50 day simple moving average is C$10.50 and its 200 day simple moving average is C$9.94. Crescent Point Energy has a one year low of C$8.16 and a one year high of C$12.47. The stock has a market capitalization of C$7.22 billion, a PE ratio of 7.98, a PEG ratio of -0.59 and a beta of 2.86. 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 quarterly earnings results on Thursday, February 29th. The company reported C$0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.51 by C($0.14). The business had revenue of C$1.01 billion for the quarter, compared to the consensus estimate of C$1 billion. Crescent Point Energy had a return on equity of 11.97% and a net margin of 17.88%. As a group, research analysts forecast that Crescent Point Energy will post 1.430622 earnings per share for the current year.

Insider Activity

In other news, Senior Officer William Garret Holt purchased 49,309 shares of the business’s stock in a transaction dated Friday, March 8th. The stock was bought at an average price of C$10.15 per share, for a total transaction of C$500,486.35. In other news, Senior Officer William Garret Holt purchased 49,309 shares of the business’s stock in a transaction dated Friday, March 8th. The stock was bought at an average price of C$10.15 per share, for a total transaction of C$500,486.35. Also, Senior Officer Mark Gordon Eade sold 34,497 shares of the stock in a transaction 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. 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.