Crescent Point Energy Corp Rating Reiterated by FirstEnergy Capital (CPG)
Crescent Point Energy Corp (TSE:CPG)‘s stock had its “outperform” rating restated by investment analysts at FirstEnergy Capital in a note issued to investors on Thursday. They currently have a C$52.00 target price on the stock, up from their previous target price of C$49.50. FirstEnergy Capital’s price target points to a potential upside of 17.70% from the company’s current price.
Crescent Point Energy Corp (TSE:CPG) traded up 1.12% during mid-day trading on Thursday, hitting $44.18. The stock had a trading volume of 1,388,112 shares. Crescent Point Energy Corp has a 52-week low of $42.40 and a 52-week high of $44.81. The stock’s 50-day moving average is $43.09 and its 200-day moving average is $40.60. The company has a market cap of $17.588 billion and a P/E ratio of 114.97.
Crescent Point Energy Corp (TSE:CPG) last issued its quarterly earnings data on Friday, May 9th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.17. Analysts expect that Crescent Point Energy Corp will post $1.30 EPS for the current fiscal year.
The company also recently declared a may 14 dividend, which is scheduled for Monday, June 16th. Shareholders of record on Saturday, May 31st will be given a dividend of $0.23 per share.
Other equities research analysts have also recently issued reports about the stock. Analysts at RBC Capital raised their price target on shares of Crescent Point Energy Corp from C$50.00 to C$52.00 in a research note on Thursday, April 24th. They now have an “outperform” rating on the stock. Separately, analysts at Salman Partners raised their price target on shares of Crescent Point Energy Corp from C$39.50 to C$49.50 in a research note on Thursday, April 24th. They now have a “buy” rating on the stock. Finally, analysts at Barclays raised their price target on shares of Crescent Point Energy Corp from C$47.00 to C$48.00 in a research note on Thursday, April 24th. They now have an “overweight” rating on the stock. Three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of C$50.57.
Crescent Point Energy Corp. is an oil and gas exploration, development and production company. It is an oil and gas producer with assets focused in properties comprised of operated, light and medium oil and natural gas reserves in Canada and the United States.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.