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

Crescent Point Energy (TSE:CPG) (NYSE:CPG) had its price target increased by research analysts at ATB Capital from C$12.00 to C$13.00 in a report released on Monday, BayStreet.CA reports. ATB Capital’s price objective points to a potential upside of 7.44% from the stock’s current price.

A number of other brokerages have also issued reports on CPG. Jefferies Financial Group lifted their target price on shares of Crescent Point Energy from C$12.00 to C$14.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Stifel Nicolaus boosted their price target on shares of 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. CIBC lowered 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 report on Tuesday, January 16th. Canaccord Genuity Group boosted their price target on shares of 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. Finally, BMO Capital Markets boosted their price target on shares of Crescent Point Energy from C$12.00 to C$13.00 and gave the company an “outperform” rating in a report on Thursday, March 21st. Ten research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of C$14.55.

Crescent Point Energy Trading Up 1.7 %

TSE CPG opened at C$12.10 on Monday. Crescent Point Energy has a twelve month low of C$8.16 and a twelve month high of C$12.47. The company has a debt-to-equity ratio of 54.04, a quick ratio of 0.49 and a current ratio of 0.76. The stock has a market cap of C$7.50 billion, a price-to-earnings ratio of 8.29, a PEG ratio of -0.59 and a beta of 2.86. The firm’s 50 day moving average price is C$10.63 and its two-hundred day moving average price is C$9.95.

Crescent Point Energy (TSE:CPG) (NYSE:CPG) last posted its quarterly earnings data 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 return on equity of 11.97% and a net margin of 17.88%. The firm had revenue of C$1.01 billion for the quarter, compared to analysts’ expectations of C$1 billion. Equities analysts anticipate that Crescent Point Energy will post 1.430622 EPS for the current year.

Insider Buying and Selling at Crescent Point Energy

In other news, Senior Officer William Garret Holt purchased 49,309 shares of the firm’s stock in a transaction on Friday, March 8th. The stock was bought at an average cost of C$10.15 per share, for a total transaction of C$500,486.35. In other news, Senior Officer Mark Gordon Eade sold 34,497 shares of the company’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of C$11.83, for a total transaction of C$408,099.51. Also, Senior Officer William Garret Holt acquired 49,309 shares of the business’s stock in a transaction dated Friday, March 8th. The shares were bought at an average cost of C$10.15 per share, with a total value of C$500,486.35. Corporate insiders own 0.23% of the company’s stock.

Crescent Point Energy Company Profile

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.