Crescent Point Energy (TSE:CPG) Given New C$14.00 Price Target at Canaccord Genuity Group

Crescent Point Energy (TSE:CPG) (NYSE:CPG) had its price objective raised by investment analysts at Canaccord Genuity Group from C$13.00 to C$14.00 in a research report issued on Wednesday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s target price would suggest a potential upside of 19.15% from the stock’s current price.

A number of other analysts have also recently issued reports on CPG. Desjardins boosted their price objective on Crescent Point Energy from C$12.00 to C$12.50 and gave the company a “buy” rating in a research report on Friday, March 22nd. National Bankshares lowered their price target on shares of Crescent Point Energy from C$19.00 to C$14.00 and set an “outperform” rating for the company in a report on Wednesday, January 10th. ATB Capital dropped their price objective on Crescent Point Energy from C$13.00 to C$12.00 and set an “outperform” rating for the company in a report on Thursday, January 18th. Jefferies Financial Group lifted their target price on shares of Crescent Point Energy from C$12.00 to C$14.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Stifel Nicolaus raised their price target on Crescent Point Energy from C$14.00 to C$14.50 and gave the stock a “buy” rating in a research report on Thursday, March 21st. Ten equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Crescent Point Energy currently has a consensus rating of “Buy” and a consensus price target of C$13.95.

Crescent Point Energy Stock Performance

Shares of CPG traded down C$0.06 during mid-day trading on Wednesday, hitting C$11.75. The company’s stock had a trading volume of 4,029,375 shares, compared to its average volume of 3,402,102. The stock’s 50-day moving average is C$10.37 and its two-hundred day moving average is C$9.92. The firm has a market capitalization of C$7.28 billion, a PE ratio of 8.05, a price-to-earnings-growth ratio of -0.59 and a beta of 2.86. The company has a debt-to-equity ratio of 54.04, a quick ratio of 0.49 and a current ratio of 0.76. Crescent Point Energy has a one year low of C$8.16 and a one year high of C$12.47.

Crescent Point Energy (TSE:CPG) (NYSE:CPG) last posted its quarterly earnings results on Thursday, February 29th. The company reported C$0.37 earnings per share (EPS) 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 company had revenue of C$1.01 billion during the quarter, compared to analyst estimates of C$1 billion. As a group, sell-side analysts anticipate that Crescent Point Energy will post 1.430622 EPS for the current year.

Insider Transactions at Crescent Point Energy

In related news, Senior Officer Mark Gordon Eade sold 34,497 shares of the business’s stock in a transaction 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. In other Crescent Point Energy news, Senior Officer William Garret Holt bought 49,309 shares of Crescent Point Energy stock in a transaction that occurred 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 Crescent Point Energy stock in a transaction on Thursday, April 4th. The shares were 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 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.