Crescent Point Energy (CPG) PT Raised to C$13.00 at CSFB

Crescent Point Energy (TSE:CPG) (NYSE:CPG) had its price target increased by equities research analysts at CSFB from C$12.00 to C$13.00 in a report issued on Friday. CSFB’s target price would indicate a potential upside of 29.74% from the stock’s previous close.

A number of other equities research analysts have also recently commented on the company. Barclays decreased their price objective on Crescent Point Energy from C$14.00 to C$12.00 in a research note on Friday, March 2nd. TD Securities decreased their price objective on Crescent Point Energy from C$15.50 to C$14.50 and set a “buy” rating for the company in a research note on Friday, March 2nd. CIBC lifted their price objective on Crescent Point Energy from C$11.00 to C$12.50 in a research note on Tuesday, January 23rd. Royal Bank of Canada lifted their price objective on Crescent Point Energy from C$12.00 to C$13.00 and gave the stock a “sector perform” rating in a research note on Wednesday, January 10th. Finally, National Bank Financial lifted their price objective on Crescent Point Energy from C$12.00 to C$16.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 9th.

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Shares of Crescent Point Energy stock opened at C$10.02 on Friday. Crescent Point Energy has a 12 month low of C$8.08 and a 12 month high of C$14.47.



Crescent Point Energy (TSE:CPG) (NYSE:CPG) last announced its quarterly earnings data on Thursday, March 1st. The company reported C($0.06) EPS for the quarter, missing analysts’ consensus estimates of C$0.10 by C($0.16). Crescent Point Energy had a return on equity of 2.23% and a net margin of 6.44%. The company had revenue of C$916.00 million for the quarter, compared to analyst estimates of C$875.60 million.

In other Crescent Point Energy news, Director Scott Saxberg bought 5,883 shares of the firm’s stock in a transaction on Wednesday, March 28th. The stock was purchased at an average cost of C$8.52 per share, with a total value of C$50,123.16. Also, insider Mark Gordon Eade sold 2,500 shares of the business’s stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of C$11.10, for a total value of C$27,750.00. Over the last three months, insiders acquired 33,883 shares of company stock valued at $295,205.

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Crescent Point Energy Company Profile

Crescent Point Energy Corp. acquires, explores, develops, and produces light and medium oil and natural gas properties 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, Montana, and Utah.

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