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

Crescent Point Energy (TSE:CPG) (NYSE:CPG) had its price target boosted by equities researchers at Stifel Nicolaus from C$14.25 to C$16.00 in a research report issued on Tuesday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective indicates a potential upside of 32.23% from the company’s current price.

A number of other brokerages have also weighed in on CPG. National Bankshares raised their price target on shares of Crescent Point Energy from C$14.00 to C$19.00 and gave the company an “outperform” rating in a report on Friday. ATB Capital lifted their price objective on Crescent Point Energy from C$12.00 to C$13.00 in a research report on Monday. 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. Desjardins lifted their price target on shares of Crescent Point Energy from C$12.50 to C$14.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, CIBC increased their price objective on shares of Crescent Point Energy from C$14.00 to C$15.00 and gave the company an “outperform” rating in a report on Monday. Ten equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of C$14.55.

Crescent Point Energy Price Performance

Crescent Point Energy stock traded up C$0.20 on Tuesday, reaching C$12.10. The company’s stock had a trading volume of 1,681,238 shares, compared to its average volume of 3,390,540. 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 market cap of C$7.50 billion, a price-to-earnings ratio of 8.26, a PEG ratio of -0.59 and a beta of 2.86. 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 business’s fifty day moving average price is C$10.63 and its 200 day moving average price is C$9.95.

Crescent Point Energy (TSE:CPG) (NYSE:CPG) last issued its quarterly earnings data 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). The company had revenue of C$1.01 billion for the quarter, compared to the consensus estimate of C$1 billion. Crescent Point Energy had a return on equity of 11.97% and a net margin of 17.88%. Equities analysts expect that Crescent Point Energy will post 1.430622 earnings per share for the current fiscal year.

Insider Transactions at Crescent Point Energy

In other Crescent Point Energy news, Senior Officer William Garret Holt acquired 49,309 shares of the company’s stock in a transaction that occurred on Friday, March 8th. The shares were acquired at an average price 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 that occurred on 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 purchased 49,309 shares of Crescent Point Energy stock in a transaction dated Friday, March 8th. The stock was bought at an average price 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.