Crescent Point Energy (TSE:CPG) PT Raised to C$14.50 at Canaccord Genuity Group

Crescent Point Energy (TSE:CPG) (NYSE:CPG) had its price objective boosted by research analysts at Canaccord Genuity Group from C$14.00 to C$14.50 in a research note issued to investors on Tuesday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s price target would indicate a potential upside of 20.93% from the stock’s previous close.

Other equities research analysts also recently issued reports about the company. BMO Capital Markets lifted their price objective on Crescent Point Energy from C$12.00 to C$13.00 and gave the stock an “outperform” rating in a report on Thursday, March 21st. Jefferies Financial Group lifted their price objective on Crescent Point Energy from C$12.00 to C$14.00 in a report on Tuesday, April 23rd. Desjardins lifted their price objective on Crescent Point Energy from C$12.50 to C$14.00 and gave the stock a “buy” rating in a report on Tuesday, April 23rd. CIBC lifted their price objective on Crescent Point Energy from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a report on Monday, April 22nd. Finally, Stifel Nicolaus lifted their price objective on Crescent Point Energy from C$14.25 to C$16.00 and gave the stock a “buy” rating in a report on Tuesday, April 23rd. Ten analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of C$14.70.

Crescent Point Energy Price Performance

Shares of TSE:CPG opened at C$11.99 on Tuesday. Crescent Point Energy has a 1-year low of C$8.16 and a 1-year high of C$12.67. 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 business has a fifty day moving average price of C$11.31 and a 200-day moving average price of C$10.05. The company has a market capitalization of C$7.43 billion, a PE ratio of 8.21, a PEG ratio of -0.59 and a beta of 2.86.

Crescent Point Energy (TSE:CPG) (NYSE:CPG) last issued its quarterly 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). 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 for the quarter, compared to the consensus estimate of C$1 billion. As a group, equities analysts expect that Crescent Point Energy will post 1.430622 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Senior Officer William Garret Holt acquired 49,309 shares of the stock in a transaction dated Friday, March 8th. The shares were purchased at an average cost of C$10.15 per share, with a total value of C$500,486.35. In related news, Senior Officer William Garret Holt acquired 49,309 shares of the stock in a transaction dated Friday, March 8th. The shares were purchased 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 Crescent Point Energy stock in a transaction dated Thursday, April 4th. The shares were 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.