Crescent Point Energy (CPG) Price Target Increased to C$13.00 by Analysts at CSFB

Crescent Point Energy (TSE:CPG) (NYSE:CPG) had its price objective boosted by CSFB from C$12.00 to C$13.00 in a report published on Friday morning.

A number of other research firms have also weighed in on CPG. Barclays upped their price target on shares of Crescent Point Energy from C$11.00 to C$13.00 in a research report on Thursday, January 11th. CIBC upped their price target on shares of Crescent Point Energy from C$11.00 to C$12.50 in a research report on Tuesday, January 23rd. Royal Bank of Canada upped their price target on shares of Crescent Point Energy from C$12.00 to C$13.00 and gave the stock a sector perform rating in a research report on Wednesday, January 10th. TD Securities upped their price target on shares of Crescent Point Energy from C$15.00 to C$15.50 and gave the stock a buy rating in a research report on Wednesday, January 10th. Finally, National Bank Financial upped their price target on shares of Crescent Point Energy from C$12.00 to C$16.00 and gave the stock an outperform rating in a research report on Tuesday, January 9th.

How to Become a New Pot Stock Millionaire

CPG opened at C$9.75 on Friday. Crescent Point Energy has a 1-year low of C$8.08 and a 1-year high of C$14.47.

Crescent Point Energy (TSE:CPG) (NYSE:CPG) last posted its quarterly earnings results on Thursday, March 1st. The company reported C($0.06) earnings per share for the quarter, missing the Zacks’ consensus estimate of C$0.10 by C($0.16). The firm had revenue of C$916.00 million during the quarter, compared to the consensus estimate of C$875.60 million. Crescent Point Energy had a return on equity of 2.23% and a net margin of 6.44%.

The business also recently announced a monthly dividend, which will be paid on Tuesday, May 15th. Stockholders of record on Tuesday, May 15th will be issued a $0.03 dividend. This represents a $0.36 annualized dividend and a dividend yield of 3.69%. The ex-dividend date of this dividend is Friday, April 27th.

In related news, Director Scott Saxberg bought 11,400 shares of the stock in a transaction dated Monday, March 5th. The shares were purchased at an average price of C$8.79 per share, with a total value of C$100,206.00. Also, insider Mark Gordon Eade sold 2,500 shares of the business’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of C$11.10, for a total transaction of C$27,750.00. Insiders bought 33,883 shares of company stock worth $295,205 in the last three months.

TRADEMARK VIOLATION NOTICE: “Crescent Point Energy (CPG) Price Target Increased to C$13.00 by Analysts at CSFB” was originally published by Chaffey Breeze and is the property of of Chaffey Breeze. If you are viewing this story on another publication, it was copied illegally and republished in violation of US & international trademark and copyright legislation. The original version of this story can be viewed at https://www.chaffeybreeze.com/2018/04/17/crescent-point-energy-cpg-price-target-increased-to-c13-00-by-analysts-at-csfb.html.

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.

Receive News & Ratings for Crescent Point Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crescent Point Energy and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply