Crescent Point Energy (TSE:CPG) PT Raised to C$6.75

Crescent Point Energy (TSE:CPG) (NYSE:CPG) had its price target lifted by investment analysts at Scotiabank from C$6.00 to C$6.75 in a report released on Wednesday, BayStreet.CA reports. Scotiabank’s price target would suggest a potential upside of 21.18% from the stock’s current price.

Several other analysts also recently weighed in on the stock. ATB Capital boosted their target price on shares of Crescent Point Energy from C$6.75 to C$7.00 in a research report on Tuesday. Tudor Pickering reissued a “hold” rating and set a C$6.00 target price on shares of Crescent Point Energy in a research report on Tuesday. BMO Capital Markets boosted their target price on shares of Crescent Point Energy from C$5.00 to C$7.00 and gave the stock an “outperform” rating in a research report on Monday, April 5th. National Bankshares dropped their target price on shares of Crescent Point Energy from C$7.50 to C$7.00 and set an “outperform” rating on the stock in a research report on Thursday, April 15th. Finally, Royal Bank of Canada boosted their target price on shares of Crescent Point Energy from C$3.75 to C$6.50 and gave the stock a “sector perform” rating in a research report on Friday, February 19th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of C$6.67.

Shares of Crescent Point Energy stock opened at C$5.57 on Wednesday. The stock has a 50 day moving average price of C$5.02. The company has a debt-to-equity ratio of 81.22, a quick ratio of 0.34 and a current ratio of 0.47. Crescent Point Energy has a 52-week low of C$1.41 and a 52-week high of C$5.87. The stock has a market cap of C$3.24 billion and a P/E ratio of -16.93.

Crescent Point Energy (TSE:CPG) (NYSE:CPG) last issued its quarterly earnings data on Wednesday, May 12th. The company reported C$0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.12 by C$0.06. The firm had revenue of C$625.50 million during the quarter. As a group, equities research analysts expect that Crescent Point Energy will post 0.79 earnings per share for the current fiscal year.

Crescent Point Energy Company Profile

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 and Montana.

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Analyst Recommendations for Crescent Point Energy (TSE:CPG)

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