Crescent Point Energy Corp Price Target Increased to C$54.00 by Analysts at FirstEnergy Capital (CPG)
Research analysts at FirstEnergy Capital upped their price objective on shares of Crescent Point Energy Corp (TSE:CPG) from C$52.00 to C$54.00 in a report released on Friday. FirstEnergy Capital’s target price would indicate a potential upside of 18.53% from the stock’s previous close.
A number of other analysts have also recently weighed in on CPG. Analysts at Raymond James reiterated an “outperform” rating on shares of Crescent Point Energy Corp in a research note on Monday, June 2nd. They now have a C$51.00 price target on the stock. Separately, analysts at BMO Capital Markets raised their price target on shares of Crescent Point Energy Corp from C$48.00 to C$51.00 in a research note on Friday, May 23rd. They now have an “outperform” rating on the stock. Finally, analysts at Canaccord Genuity cut their price target on shares of Crescent Point Energy Corp from C$52.00 to C$50.00 in a research note on Friday, May 9th. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of C$50.81.
Crescent Point Energy Corp (TSE:CPG) traded up 3.01% on Friday, hitting $46.93. The stock had a trading volume of 1,280,583 shares. Crescent Point Energy Corp has a one year low of $35.25 and a one year high of $45.58. The stock has a 50-day moving average of $44.36 and a 200-day moving average of $41.15. The company has a market cap of $18.683 billion and a P/E ratio of 99.04.
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. On average, analysts predict that Crescent Point Energy Corp will post $1.35 earnings per share for the current fiscal year.
The company also recently announced a may 14 dividend, which is scheduled for Monday, June 16th. Stockholders of record on Saturday, May 31st will be paid a dividend of $0.23 per share. This represents a dividend yield of 6.21%. The ex-dividend date is Wednesday, May 28th.
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.
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