Crescent Point Energy (TSE:CPG) PT Raised to C$13.00 at ATB Capital

Crescent Point Energy (TSE:CPG) (NYSE:CPG) had its price target boosted by investment analysts at ATB Capital from C$12.00 to C$13.00 in a report released on Monday, BayStreet.CA reports. ATB Capital’s price objective would suggest a potential upside of 7.44% from the company’s current price.

A number of other equities research analysts have also recently weighed in on CPG. Raymond James decreased their price objective on 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. Jefferies Financial Group increased their price target on Crescent Point Energy from C$12.00 to C$14.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Canaccord Genuity Group increased their price target on Crescent Point Energy from C$13.00 to C$14.00 and gave the company a “buy” rating in a research note on Wednesday, April 17th. National Bankshares increased their price target on Crescent Point Energy from C$14.00 to C$19.00 and gave the company an “outperform” rating in a research note on Friday, April 19th. Finally, CIBC decreased their price target on Crescent Point Energy from C$15.00 to C$14.00 and set an “outperform” rating for the company in a research note on Tuesday, January 16th. Ten investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Crescent Point Energy currently has an average rating of “Buy” and an average price target of C$14.55.

Crescent Point Energy Price Performance

Shares of CPG stock opened at C$12.10 on Monday. Crescent Point Energy has a twelve month low of C$8.16 and a twelve month high of C$12.47. The stock has a market capitalization of C$7.50 billion, a price-to-earnings ratio of 8.29, a P/E/G ratio of -0.59 and a beta of 2.86. The stock has a fifty day simple moving average of C$10.63 and a two-hundred day simple moving average of C$9.95. The company has a current ratio of 0.76, a quick ratio of 0.49 and a debt-to-equity ratio of 54.04.

Crescent Point Energy (TSE:CPG) (NYSE:CPG) last issued its quarterly earnings data on Thursday, February 29th. The company reported C$0.37 earnings per share 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 analysts’ expectations of C$1 billion. Crescent Point Energy had a return on equity of 11.97% and a net margin of 17.88%. On average, analysts predict that Crescent Point Energy will post 1.430622 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Senior Officer Mark Gordon Eade sold 34,497 shares of the firm’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 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 stock was sold at an average price of C$11.83, for a total value of C$408,099.51. Also, Senior Officer William Garret Holt acquired 49,309 shares of the company’s stock in a transaction on Friday, March 8th. The stock was acquired at an average cost of C$10.15 per share, for a total transaction of C$500,486.35. 0.23% of the stock is owned by corporate insiders.

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.