Crescent Point Energy (TSE:CPG – Get Free Report) (NYSE:CPG) had its price target lifted by equities research analysts at Desjardins from C$12.50 to C$14.00 in a note issued to investors on Tuesday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Desjardins’ price target would suggest a potential upside of 15.70% from the stock’s previous close.
CPG has been the topic of a number of other research reports. Jefferies Financial Group lifted their target price on Crescent Point Energy from C$12.00 to C$14.00 in a research report on Tuesday. National Bankshares upped their target price on shares of Crescent Point Energy from C$14.00 to C$19.00 and gave the company an “outperform” rating in a research report on Friday. Raymond James lowered their target price 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. ATB Capital boosted their price target on shares of Crescent Point Energy from C$12.00 to C$13.00 in a research note on Monday. Finally, CIBC increased their price objective on shares of Crescent Point Energy from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a research report on Monday. Ten equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of C$14.55.
Check Out Our Latest Research Report on Crescent Point Energy
Crescent Point Energy Trading Up 1.7 %
Crescent Point Energy (TSE:CPG – Get Free Report) (NYSE:CPG) last posted its quarterly earnings results 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). The firm had revenue of C$1.01 billion during the quarter, compared to analysts’ expectations of C$1 billion. Crescent Point Energy had a net margin of 17.88% and a return on equity of 11.97%. As a group, analysts anticipate that Crescent Point Energy will post 1.430622 EPS for the current year.
Insider Activity
In other Crescent Point Energy news, Senior Officer Mark Gordon Eade sold 34,497 shares of the company’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of C$11.83, for a total transaction of C$408,099.51. In other news, Senior Officer William Garret Holt bought 49,309 shares of Crescent Point Energy stock in a transaction that occurred on Friday, March 8th. The shares were purchased at an average price of C$10.15 per share, with a total value of C$500,486.35. Also, Senior Officer Mark Gordon Eade sold 34,497 shares of the business’s stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of C$11.83, for a total transaction of C$408,099.51. Insiders own 0.23% of the company’s stock.
About Crescent Point Energy
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.
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