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Equities researchers at RBC Capital upped their price target on shares of Crescent Point Energy Corp (TSE:CPG) from C$52.00 to C$53.00 in a research report issued on Friday. The firm currently has an “outperform” rating on the stock. RBC Capital’s price target would indicate a potential upside of 16.33% from the stock’s previous close.

Shares of Crescent Point Energy Corp (TSE:CPG) traded up 3.01% during mid-day trading on Friday, hitting $46.93. 1,280,583 shares of the company’s stock traded hands. Crescent Point Energy Corp has a 52 week low of $35.25 and a 52 week high of $45.58. The stock’s 50-day moving average is $44.36 and its 200-day moving average is $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.

A number of other firms have also recently commented on CPG. Analysts at FirstEnergy Capital raised their price target on shares of Crescent Point Energy Corp from C$52.00 to C$54.00 in a research note on Friday. Separately, 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. Finally, 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. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of C$50.81.

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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