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

Crescent Point Energy (TSE:CPG) (NYSE:CPG) had its price target increased by equities research analysts at Desjardins from C$12.50 to C$14.00 in a research note issued on Tuesday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Desjardins’ price objective would indicate a potential upside of 15.42% from the company’s previous close.

CPG has been the subject of several other research reports. Canaccord Genuity Group raised their price target on shares of Crescent Point Energy from C$13.00 to C$14.00 and gave the stock a “buy” rating in a research note on Wednesday, April 17th. Stifel Nicolaus raised their price target on shares of Crescent Point Energy from C$14.00 to C$14.50 and gave the stock a “buy” rating in a research note on Thursday, March 21st. Jefferies Financial Group raised their price target on shares of Crescent Point Energy from C$12.00 to C$14.00 in a research note on Tuesday. Raymond James decreased their price target on shares of Crescent Point Energy from C$16.50 to C$14.00 and set an “outperform” rating for the company in a research note on Friday, January 19th. Finally, BMO Capital Markets raised their price objective on shares of 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. Ten analysts have rated the stock with a buy rating, According to MarketBeat, Crescent Point Energy has an average rating of “Buy” and an average price target of C$14.55.

Crescent Point Energy Trading Up 0.2 %

TSE:CPG opened at C$12.13 on Tuesday. 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 firm has a market cap of C$7.52 billion, a price-to-earnings ratio of 8.31, a price-to-earnings-growth ratio of -0.59 and a beta of 2.86. Crescent Point Energy has a 52 week low of C$8.16 and a 52 week high of C$12.47. The firm has a 50-day moving average price of C$10.70 and a two-hundred day moving average price of C$9.96.

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 (EPS) 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 company had revenue of C$1.01 billion for the quarter, compared to analysts’ expectations of C$1 billion. On average, equities analysts expect that Crescent Point Energy will post 1.430622 earnings per share for the current fiscal year.

Insider Buying and Selling at Crescent Point Energy

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