National Bank Financial Equities Analysts Lift Earnings Estimates for Crescent Point Energy Corp (CPG)

Crescent Point Energy Corp (TSE:CPG) (NYSE:CPG) – Stock analysts at National Bank Financial raised their FY2017 earnings estimates for shares of Crescent Point Energy in a research report issued to clients and investors on Tuesday. National Bank Financial analyst T. Wood now forecasts that the company will post earnings of ($0.02) per share for the year, up from their prior estimate of ($0.08). National Bank Financial has a “Outperform” rating and a $16.00 price objective on the stock. National Bank Financial also issued estimates for Crescent Point Energy’s FY2018 earnings at $0.33 EPS.

CPG has been the subject of a number of other research reports. TD Securities decreased their price target on shares of Crescent Point Energy from C$16.00 to C$15.00 and set a “buy” rating for the company in a research report on Friday, October 27th. BMO Capital Markets decreased their price target on shares of Crescent Point Energy from C$14.00 to C$13.00 in a research report on Tuesday, October 10th. Royal Bank of Canada raised their price objective on Crescent Point Energy from C$12.00 to C$13.00 and gave the stock a “sector perform” rating in a research note on Wednesday. Finally, Barclays reduced their price objective on Crescent Point Energy from C$12.00 to C$11.00 in a research note on Monday, October 30th.

Shares of Crescent Point Energy (TSE CPG) opened at C$11.38 on Friday. Crescent Point Energy has a 1 year low of C$8.08 and a 1 year high of C$17.14. The firm has a market cap of $6,210.00, a P/E ratio of -10.64 and a beta of 1.13.

In other news, Director Edward Goldthorpe acquired 15,000 shares of Crescent Point Energy stock in a transaction that occurred on Monday, December 4th. The shares were purchased at an average cost of C$7.45 per share, for a total transaction of C$111,750.00. Also, insider Mark Gordon Eade sold 6,500 shares of the firm’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of C$10.80, for a total value of C$70,200.00. Insiders have sold 15,786 shares of company stock worth $156,541 over the last 90 days.

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Crescent Point Energy Company Profile

Crescent Point Energy Corp. (Crescent Point) is a Canada-based oil and gas exploration, development and production company. The Company is an oil and gas producer with assets consisting of light and medium oil and natural gas reserves in Western Canada and the United States. Its crude oil and natural gas properties and related assets are located in the provinces of Saskatchewan, Alberta, British Columbia and Manitoba, and the states of North Dakota, Montana, Colorado and Utah.

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