Crescent Point Energy (TSE:CPG) (NYSE:CPG)‘s stock had its “outperform” rating reaffirmed by stock analysts at National Bank Financial in a research report issued to clients and investors on Thursday, September 5th, BayStreet.CA reports. They currently have a C$7.50 price target on the stock. National Bank Financial’s price target would indicate a potential upside of 32.28% from the stock’s previous close.
Several other equities analysts have also weighed in on the stock. BMO Capital Markets increased their price objective on shares of Crescent Point Energy from C$5.50 to C$6.00 in a report on Wednesday, September 4th. Canaccord Genuity cut their target price on shares of Crescent Point Energy from C$8.00 to C$7.50 in a report on Tuesday, July 9th. CIBC upgraded shares of Crescent Point Energy from a “neutral” rating to an “outperform” rating in a report on Friday, May 10th. Raymond James reiterated a “market perform” rating and issued a C$7.00 target price on shares of Crescent Point Energy in a report on Wednesday, September 4th. Finally, Royal Bank of Canada increased their target price on shares of Crescent Point Energy from C$6.00 to C$7.00 and gave the stock a “sector perform” rating in a report on Wednesday, September 4th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Crescent Point Energy has a consensus rating of “Hold” and an average target price of C$7.31.
TSE CPG opened at C$5.67 on Thursday. The company’s 50-day simple moving average is C$4.24 and its 200 day simple moving average is C$4.48. Crescent Point Energy has a twelve month low of C$3.24 and a twelve month high of C$8.58. The stock has a market cap of $3.04 billion and a P/E ratio of -1.44. The company has a quick ratio of 0.44, a current ratio of 0.59 and a debt-to-equity ratio of 58.69.
Crescent Point Energy (TSE:CPG) (NYSE:CPG) last announced its quarterly earnings data on Thursday, July 25th. The company reported C$0.27 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.21 by C$0.06. The business had revenue of C$945.20 million during the quarter, compared to analyst estimates of C$973.00 million. Research analysts anticipate that Crescent Point Energy will post 0.48 earnings per share for the current year.
About Crescent Point Energy
Crescent Point Energy Corp. explores, develops, and produces light and medium crude oil and natural gas reserves in Western Canada and the United States. The company's 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, and Utah.
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