Crescent Point Energy (TSE:CPG – Get Free Report) (NYSE:CPG) had its target price raised by stock analysts at Canaccord Genuity Group from C$14.00 to C$14.50 in a report released on Tuesday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s price target would suggest a potential upside of 19.64% from the stock’s current price.
A number of other equities research analysts have also recently commented on the company. Desjardins raised their price target on Crescent Point Energy from C$12.50 to C$14.00 and gave the company a “buy” rating in a report on Tuesday, April 23rd. National Bankshares raised their price target on 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. Raymond James decreased their price target on Crescent Point Energy from C$16.50 to C$14.00 and set an “outperform” rating on the stock in a report on Friday, January 19th. Stifel Nicolaus lifted their target price on Crescent Point Energy from C$14.25 to C$16.00 and gave the stock a “buy” rating in a report on Tuesday, April 23rd. Finally, Jefferies Financial Group lifted their target price on Crescent Point Energy from C$12.00 to C$14.00 in a report on Tuesday, April 23rd. Ten research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of C$14.70.
Get Our Latest Report on Crescent Point Energy
Crescent Point Energy Stock Performance
Crescent Point Energy (TSE:CPG – Get Free Report) (NYSE:CPG) last posted its quarterly 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). The business had revenue of C$1.01 billion for the quarter, compared to the consensus estimate of C$1 billion. Crescent Point Energy had a net margin of 17.88% and a return on equity of 11.97%. On average, equities research analysts expect 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 Crescent Point Energy stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of C$11.83, for a total value of C$408,099.51. In other Crescent Point Energy news, Senior Officer William Garret Holt bought 49,309 shares of the company’s stock in a transaction on Friday, March 8th. The stock was acquired 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 business’s stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of C$11.83, for a total value of C$408,099.51. 0.23% of the stock is currently owned by company 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.
See Also
- Five stocks we like better than Crescent Point Energy
- NYSE Stocks Give Investors a Variety of Quality OptionsĀ
- Garmin Navigates to New Highs Driven By Wearables Trend
- Compound Interest and Why It Matters When Investing
- Pinterest Prospers From AI Boosting Shop-Ability and Relevance
- What Are Growth Stocks and Investing in Them
- AbbVie Tracking for New Highs in 2024
Receive News & Ratings for Crescent Point Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crescent Point Energy and related companies with MarketBeat.com's FREE daily email newsletter.