National Bank Financial Raises Crescent Point Energy (NYSE:CPG) Price Target to C$20.00

Crescent Point Energy (NYSE:CPG – Get Rating) (TSE:CPG) had its price objective boosted by National Bank Financial from C$15.50 to C$20.00 in a report released on Thursday morning, The Fly reports.

Other research analysts also recently issued reports about the company. StockNews.com initiated coverage on Crescent Point Energy in a research note on Thursday, March 31st. They set a buy rating for the company. Scotiabank downgraded Crescent Point Energy from an outperform rating to a sector perform rating in a research note on Thursday, January 13th. TD Securities raised Crescent Point Energy to a buy rating in a research note on Wednesday, January 5th. Finally, Zacks Investment Research downgraded Crescent Point Energy from a buy rating to a hold rating in a research note on Tuesday, April 12th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of Buy and a consensus target price of $11.29.

Shares of CPG stock opened at $7.49 on Thursday. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.40 and a quick ratio of 0.40. The company has a market cap of $4.30 billion, a price-to-earnings ratio of 2.30 and a beta of 2.47. The stock has a 50 day simple moving average of $7.06 and a 200-day simple moving average of $5.90. Crescent Point Energy has a 1-year low of $2.75 and a 1-year high of $7.87.

Crescent Point Energy (NYSE:CPG – Get Rating) (TSE:CPG) last announced its earnings results on Thursday, March 3rd. The oil and gas producer reported $0.21 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.06). The business had revenue of $714.33 million for the quarter. Crescent Point Energy had a return on equity of 10.92% and a net margin of 72.41%. During the same period last year, the firm posted $0.12 earnings per share. Analysts anticipate that Crescent Point Energy will post 1.5 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Toronto Dominion Bank grew its holdings in shares of Crescent Point Energy by 12.3% during the 3rd quarter. Toronto Dominion Bank now owns 3,940,844 shares of the oil and gas producer’s stock worth $18,168,000 after purchasing an additional 431,344 shares during the period. American Century Companies Inc. grew its holdings in shares of Crescent Point Energy by 13.4% during the 3rd quarter. American Century Companies Inc. now owns 1,058,574 shares of the oil and gas producer’s stock worth $4,881,000 after purchasing an additional 124,724 shares during the period. Simmons Bank purchased a new position in shares of Crescent Point Energy during the 4th quarter worth $62,000. Public Sector Pension Investment Board grew its holdings in shares of Crescent Point Energy by 8.2% during the 3rd quarter. Public Sector Pension Investment Board now owns 1,488,118 shares of the oil and gas producer’s stock worth $6,860,000 after purchasing an additional 112,690 shares during the period. Finally, Hsbc Holdings PLC grew its holdings in shares of Crescent Point Energy by 6.2% during the 3rd quarter. Hsbc Holdings PLC now owns 132,020 shares of the oil and gas producer’s stock worth $612,000 after purchasing an additional 7,695 shares during the period. Institutional investors and hedge funds own 40.94% of the company’s stock.

Crescent Point Energy Company Profile (Get Rating)

Crescent Point Energy Corp. explores, develops, and produces light and medium crude oil, natural gas liquids, and natural gas reserves in Western Canada and the United States. It'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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