Crescent Point Energy (TSE:CPG) (NYSE:CPG) had its price target upped by research analysts at Tudor Pickering & Holt from C$7.50 to C$10.00 in a research report issued on Thursday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Tudor Pickering & Holt’s target price would indicate a potential upside of 20.19% from the company’s current price.
Other analysts have also recently issued research reports about the company. ATB Capital boosted their price target on Crescent Point Energy from C$8.50 to C$9.25 in a research report on Tuesday, November 23rd. National Bank Financial boosted their price target on Crescent Point Energy from C$12.50 to C$13.50 and gave the stock an “outperform” rating in a research report on Thursday, January 6th. Tudor Pickering reissued a “hold” rating and set a C$7.00 price objective on shares of Crescent Point Energy in a research report on Monday, December 6th. Raymond James set a C$8.00 price objective on Crescent Point Energy and gave the stock a “market perform” rating in a research report on Tuesday, December 7th. Finally, National Bankshares boosted their price objective on Crescent Point Energy from C$12.50 to C$13.50 in a research report on Thursday, January 6th. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of C$9.46.
Shares of TSE:CPG opened at C$8.32 on Thursday. Crescent Point Energy has a fifty-two week low of C$3.41 and a fifty-two week high of C$8.47. The business has a 50-day moving average of C$6.40 and a two-hundred day moving average of C$5.56. The stock has a market capitalization of C$4.84 billion and a P/E ratio of 2.13. The company has a debt-to-equity ratio of 44.14, a current ratio of 0.41 and a quick ratio of 0.32.
In related news, Senior Officer Kenneth Lamont sold 12,000 shares of the business’s stock in a transaction dated 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 transaction, the insider now directly owns 293,328 shares in the company, valued at C$1,845,033.12.
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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