Crescent Point Energy (TSE:CPG) PT Raised to C$8.00

Crescent Point Energy (TSE:CPG) (NYSE:CPG) had its price target raised by Canaccord Genuity from C$7.00 to C$8.00 in a report issued on Tuesday, April 9th, BayStreet.CA reports.

CPG has been the subject of several other research reports. CIBC decreased their price target on shares of Crescent Point Energy from C$9.00 to C$7.50 in a report on Wednesday, January 16th. Raymond James reissued a market perform rating and issued a C$6.00 price target on shares of Crescent Point Energy in a report on Wednesday, January 16th. Royal Bank of Canada decreased their price target on shares of Crescent Point Energy from C$11.00 to C$6.00 in a report on Tuesday, January 8th. National Bank Financial boosted their price objective on shares of Crescent Point Energy from C$6.50 to C$8.50 in a research report on Monday, April 8th. Finally, TD Securities boosted their price objective on shares of Crescent Point Energy from C$7.50 to C$8.00 and gave the company a buy rating in a research report on Wednesday, January 16th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Crescent Point Energy has a consensus rating of Hold and a consensus target price of C$8.75.

Shares of CPG stock traded up C$0.20 on Tuesday, hitting C$4.90. The stock had a trading volume of 5,306,200 shares, compared to its average volume of 5,675,661. Crescent Point Energy has a twelve month low of C$3.24 and a twelve month high of C$11.26. The firm has a market capitalization of $2.70 billion and a price-to-earnings ratio of -1.03. The company has a quick ratio of 0.49, a current ratio of 0.85 and a debt-to-equity ratio of 64.67.

Crescent Point Energy (TSE:CPG) (NYSE:CPG) last announced its quarterly earnings results on Thursday, March 7th. The company reported C($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.12 by C($0.15). The firm had revenue of C$791.60 million for the quarter, compared to the consensus estimate of C$988.50 million. Research analysts expect that Crescent Point Energy will post 0.28999999027933 earnings per share for the current year.

Crescent Point Energy Company Profile

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, Montana, and Utah.

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Analyst Recommendations for Crescent Point Energy (TSE:CPG)

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