Stifel Nicolaus Increases Crescent Point Energy (TSE:CPG) Price Target to C$16.00

Crescent Point Energy (TSE:CPG) (NYSE:CPG) had its price objective hoisted by stock analysts at Stifel Nicolaus from C$14.25 to C$16.00 in a research report issued on Tuesday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ price target suggests a potential upside of 31.90% from the stock’s current price.

A number of other research firms have also recently commented on CPG. Raymond James decreased their target price 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 report on Friday, January 19th. BMO Capital Markets upped 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 report on Thursday, March 21st. ATB Capital upped their target price on shares of Crescent Point Energy from C$12.00 to C$13.00 in a research report on Monday. National Bankshares upped their target price on shares of Crescent Point Energy from C$14.00 to C$19.00 and gave the company an “outperform” rating in a research report on Friday, April 19th. Finally, CIBC upped their target price on shares of Crescent Point Energy from C$14.00 to C$15.00 and gave the company an “outperform” rating in a research report on Monday. Ten investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of C$14.55.

Crescent Point Energy Trading Up 0.2 %

Shares of CPG stock opened at C$12.13 on Tuesday. The company’s 50-day moving average price is C$10.70 and its 200-day moving average price is C$9.96. The company has a current ratio of 0.76, a quick ratio of 0.49 and a debt-to-equity ratio of 54.04. The stock has a market cap of C$7.52 billion, a price-to-earnings ratio of 8.31, a PEG ratio of -0.59 and a beta of 2.86. Crescent Point Energy has a twelve month low of C$8.16 and a twelve month high of C$12.47.

Crescent Point Energy (TSE:CPG) (NYSE:CPG) last posted its earnings results on Thursday, February 29th. The company reported C$0.37 EPS for the quarter, missing analysts’ consensus estimates of C$0.51 by C($0.14). Crescent Point Energy had a net margin of 17.88% and a return on equity of 11.97%. The company had revenue of C$1.01 billion during the quarter, compared to analyst estimates of C$1 billion. As a group, equities analysts predict 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 acquired 49,309 shares of the firm’s stock in a transaction dated 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. In other news, Senior Officer William Garret Holt acquired 49,309 shares of the firm’s stock in a transaction dated 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. 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. 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.