Canaccord Genuity Group Raises Crescent Point Energy (TSE:CPG) Price Target to C$14.50

Crescent Point Energy (TSE:CPG - Get Free Report) NYSE: CPG had its price target upped by analysts at Canaccord Genuity Group from C$14.00 to C$14.50 in a research report issued on Tuesday, BayStreet.CA reports. The firm presently has a "buy" rating on the stock. Canaccord Genuity Group's price objective would indicate a potential upside of 19.34% from the company's current price.

A number of other research analysts have also recently issued reports on the stock. Raymond James reduced their price objective on shares of Crescent Point Energy from C$16.50 to C$14.00 and set an "outperform" rating for the company in a report on Friday, January 19th. National Bankshares boosted their price target on shares of Crescent Point Energy from C$14.00 to C$19.00 and gave the stock an "outperform" rating in a report on Friday, April 19th. BMO Capital Markets boosted their price target 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. Stifel Nicolaus lifted their price objective on shares of Crescent Point Energy from C$14.25 to C$16.00 and gave the stock a "buy" rating in a research report on Tuesday, April 23rd. Finally, CIBC lifted 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, April 22nd. Ten research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of C$14.70.

Crescent Point Energy Stock Up 0.6 %

Shares of TSE CPG traded up C$0.07 during mid-day trading on Tuesday, reaching C$12.15. 2,041,930 shares of the company's stock traded hands, compared to its average volume of 3,334,513. The stock has a market cap of C$7.53 billion, a P/E ratio of 8.30, a PEG ratio of -0.59 and a beta of 2.86. The business has a 50-day simple moving average of C$11.21 and a 200 day simple moving average of C$10.03. Crescent Point Energy has a 1-year low of C$8.16 and a 1-year high of C$12.67. The company has a debt-to-equity ratio of 54.04, a current ratio of 0.76 and a quick ratio of 0.49.

Crescent Point Energy (TSE:CPG - Get Free Report) NYSE: CPG last issued its quarterly earnings data on Thursday, February 29th. The company reported C$0.37 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of C$0.51 by C($0.14). The business had revenue of C$1.01 billion for the quarter, compared to analyst estimates of C$1 billion. Crescent Point Energy had a net margin of 17.88% and a return on equity of 11.97%. On average, analysts expect that Crescent Point Energy will post 1.430622 EPS for the current fiscal year.

Insider Activity

In other Crescent Point Energy news, Senior Officer William Garret Holt bought 49,309 shares of the business's stock in a transaction that occurred 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 news, Senior Officer William Garret Holt purchased 49,309 shares of the firm's stock in a transaction on Friday, March 8th. The stock was acquired at an average cost 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 stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of C$11.83, for a total transaction of C$408,099.51. Company 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.