Share on StockTwits

Equities research analysts at Raymond James upped their price objective on shares of Crescent Point Energy Corp (TSE:CPG) from C$51.00 to C$55.00 in a research note issued to investors on Monday. Raymond James’ target price would indicate a potential upside of 19.07% from the stock’s previous close.

Crescent Point Energy Corp (TSE:CPG) opened at 46.19 on Monday. Crescent Point Energy Corp has a 1-year low of $35.52 and a 1-year high of $48.68. The stock’s 50-day moving average is $45.49 and its 200-day moving average is $41.88. The company has a market cap of $18.388 billion and a P/E ratio of 100.96.

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 $1.43 earnings per share for the current fiscal year.

The company also recently declared a jun 14 dividend, which is scheduled for Tuesday, July 15th. Investors of record on Monday, June 30th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Thursday, June 26th.

Several other analysts have also recently commented on the stock. Analysts at Scotiabank reiterated a “sector outperform” rating on shares of Crescent Point Energy Corp in a research note on Friday, June 13th. Separately, analysts at RBC Capital raised their price target on shares of Crescent Point Energy Corp from C$52.00 to C$53.00 in a research note on Friday, June 13th. They now have an “outperform” rating on the stock. Finally, 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, June 13th. Three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of C$50.80.

Crescent Point Energy Corp is a Canada-based oil and gas exploration, development and production company.

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.