National Bankshares Boosts Crescent Point Energy (TSE:CPG) Price Target to C$19.00

Crescent Point Energy (TSE:CPG) (NYSE:CPG) had its price objective hoisted by investment analysts at National Bankshares from C$14.00 to C$19.00 in a research report issued to clients and investors on Friday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ target price points to a potential upside of 58.60% from the company’s current price.

Other analysts have also issued reports about the stock. Stifel Nicolaus lifted their price target on shares of Crescent Point Energy from C$14.00 to C$14.50 and gave the stock a “buy” rating in a research note on Thursday, March 21st. CIBC cut their price objective on Crescent Point Energy from C$15.00 to C$14.00 and set an “outperform” rating for the company in a report on Tuesday, January 16th. BMO Capital Markets raised their target price on Crescent Point Energy from C$12.00 to C$13.00 and gave the stock an “outperform” rating in a research report on Thursday, March 21st. Raymond James lowered their price objective on Crescent Point Energy from C$16.50 to C$14.00 and set an “outperform” rating on the stock in a research report on Friday, January 19th. Finally, ATB Capital cut their target price on Crescent Point Energy from C$13.00 to C$12.00 and set an “outperform” rating for the company in a research report on Thursday, January 18th. Ten research analysts have rated the stock with a buy rating, According to MarketBeat.com, Crescent Point Energy has a consensus rating of “Buy” and a consensus target price of C$14.05.

Crescent Point Energy Stock Up 2.8 %

Shares of CPG stock traded up C$0.33 during midday trading on Friday, reaching C$11.98. 3,115,595 shares of the stock were exchanged, compared to its average volume of 3,399,443. Crescent Point Energy has a 1 year low of C$8.16 and a 1 year high of C$12.47. The firm has a market cap of C$7.43 billion, a PE ratio of 8.19, a price-to-earnings-growth ratio of -0.59 and a beta of 2.86. The company’s 50 day moving average is C$10.50 and its two-hundred day moving average is C$9.94. 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 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). Crescent Point Energy had a return on equity of 11.97% and a net margin of 17.88%. The firm had revenue of C$1.01 billion during the quarter, compared to analysts’ expectations of C$1 billion. On average, equities research analysts predict that Crescent Point Energy will post 1.430622 EPS for the current year.

Insider Activity

In other news, Senior Officer William Garret Holt purchased 49,309 shares of the company’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 Mark Gordon Eade sold 34,497 shares of Crescent Point Energy 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. Also, Senior Officer William Garret Holt acquired 49,309 shares of the stock in a transaction on Friday, March 8th. The stock was bought at an average cost of C$10.15 per share, with a total value of C$500,486.35. Insiders own 0.23% of the company’s stock.

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.