Crescent Point Energy (TSE:CPG – Get Free Report) (NYSE:CPG) had its price objective hoisted by equities researchers at Desjardins from C$12.50 to C$14.00 in a note issued to investors on Tuesday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Desjardins’ price target suggests a potential upside of 15.42% from the company’s current price.
CPG has been the subject of a number of other reports. 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 report on Thursday, March 21st. 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 report on Friday, April 19th. Jefferies Financial Group upped their target price on shares of Crescent Point Energy from C$12.00 to C$14.00 in a report on Tuesday. Stifel Nicolaus upped their target price on shares of Crescent Point Energy from C$14.00 to C$14.50 and gave the company a “buy” rating in a report on Thursday, March 21st. Finally, ATB Capital increased their price objective on shares of Crescent Point Energy from C$12.00 to C$13.00 in a research note on Monday. Ten investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of C$14.55.
Check Out Our Latest Research Report on CPG
Crescent Point Energy Stock Up 0.2 %
Crescent Point Energy (TSE:CPG – Get Free Report) (NYSE:CPG) last announced its earnings results 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). Crescent Point Energy had a net margin of 17.88% and a return on equity of 11.97%. The business had revenue of C$1.01 billion for the quarter, compared to analysts’ expectations of C$1 billion. Equities research analysts forecast that Crescent Point Energy will post 1.430622 earnings per share for the current year.
Insider Buying and Selling
In related news, Senior Officer William Garret Holt bought 49,309 shares of the company’s stock in a transaction that occurred on Friday, March 8th. The stock was purchased at an average price of C$10.15 per share, for a total transaction of C$500,486.35. In related news, Senior Officer William Garret Holt bought 49,309 shares of the company’s stock in a transaction that occurred on Friday, March 8th. The stock was purchased at an average price of C$10.15 per share, for a total transaction of C$500,486.35. Also, Senior Officer Mark Gordon Eade sold 34,497 shares of the company’s stock in a transaction 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. 0.23% of the stock is owned by company insiders.
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.
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