Crescent Point Energy Corp. (TSE:CPG) Receives C$8.94 Consensus PT from Analysts

Crescent Point Energy Corp. (TSE:CPG) (NYSE:CPG) has earned an average rating of “Buy” from the thirteen brokerages that are currently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is C$9.46.

Several equities analysts have recently weighed in on the company. Raymond James set a C$8.00 target price on Crescent Point Energy and gave the company a “market perform” rating in a research report on Tuesday, December 7th. TD Securities upgraded Crescent Point Energy from a “buy” rating to an “action list buy” rating and raised their price objective for the company from C$9.50 to C$12.00 in a report on Wednesday, January 5th. Tudor Pickering & Holt upped their target price on shares of Crescent Point Energy from C$7.50 to C$10.00 and gave the stock a “buy” rating in a report on Thursday. BMO Capital Markets raised their price target on shares of Crescent Point Energy from C$8.00 to C$9.00 in a research note on Wednesday, October 20th. Finally, National Bank Financial upped their price objective on shares of Crescent Point Energy from C$12.50 to C$13.50 and gave the company an “outperform” rating in a research note on Thursday, January 6th.

In other news, Senior Officer Kenneth Lamont sold 12,000 shares of the firm’s stock in a transaction on Monday, November 1st. The stock was sold at an average price of C$6.29, for a total transaction of C$75,480.00. Following the completion of the transaction, the insider now directly owns 293,328 shares in the company, valued at C$1,845,033.12.

Shares of TSE:CPG traded up C$0.20 during midday trading on Friday, reaching C$8.23. 2,896,759 shares of the company’s stock traded hands, compared to its average volume of 7,754,015. The company has a fifty day simple moving average of C$6.35 and a two-hundred day simple moving average of C$5.54. Crescent Point Energy has a 1 year low of C$3.41 and a 1 year high of C$8.47. The company has a market cap of C$4.79 billion and a P/E ratio of 2.05. The company has a debt-to-equity ratio of 44.14, a quick ratio of 0.32 and a current ratio of 0.41.

Crescent Point Energy (TSE:CPG) (NYSE:CPG) last announced its earnings results on Thursday, October 28th. The company reported C$0.24 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.27 by C($0.03). The firm had revenue of C$848.20 million for the quarter. As a group, research analysts forecast that Crescent Point Energy will post 1.21 EPS for the current fiscal year.

About Crescent Point Energy

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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