Barclays Increases Crescent Point Energy (CPG) Price Target to C$14.00

Crescent Point Energy (TSE:CPG) (NYSE:CPG) had its target price increased by research analysts at Barclays from C$13.00 to C$14.00 in a research note issued on Wednesday. Barclays’ price objective would indicate a potential upside of 29.75% from the stock’s previous close.

CPG has been the subject of several other reports. TD Securities cut their price objective on Crescent Point Energy from C$16.00 to C$15.00 and set a “buy” rating for the company in a research report on Friday, October 27th. Royal Bank of Canada boosted their price target on Crescent Point Energy from C$12.00 to C$13.00 and gave the company a “sector perform” rating in a report on Wednesday, January 10th. National Bank Financial boosted their price target on Crescent Point Energy from C$12.00 to C$16.00 and gave the company an “outperform” rating in a report on Tuesday, January 9th. Finally, BMO Capital Markets cut their price target on Crescent Point Energy from C$14.00 to C$13.00 in a report on Tuesday, October 10th.

Crescent Point Energy (TSE:CPG) opened at C$10.79 on Wednesday. Crescent Point Energy has a 12-month low of C$8.08 and a 12-month high of C$16.64. The stock has a market capitalization of $5,890.00, a P/E ratio of -10.08 and a beta of 1.13.

Crescent Point Energy (TSE:CPG) (NYSE:CPG) last issued its quarterly earnings data on Thursday, October 26th. The company reported C$0.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of C($0.03) by C$0.09. Crescent Point Energy had a negative return on equity of 11.49% and a negative net margin of 41.50%.

In other news, Director D. Hugh Gillard sold 3,000 shares of the company’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of C$9.08, for a total transaction of C$27,240.00. Also, Director Edward Goldthorpe acquired 15,000 shares of the company’s stock in a transaction dated Monday, December 4th. The shares were purchased at an average price of C$7.45 per share, with a total value of C$111,750.00. Over the last 90 days, insiders have sold 15,786 shares of company stock valued at $156,541.

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Crescent Point Energy Company Profile

Crescent Point Energy Corp. (Crescent Point) is a Canada-based oil and gas exploration, development and production company. The Company is an oil and gas producer with assets consisting of light and medium oil and natural gas reserves in Western Canada and the United States. Its 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, Montana, Colorado and Utah.

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