National Bank Financial Equities Analysts Lift Earnings Estimates for Crescent Point Energy Corp (CPG)
Crescent Point Energy Corp (TSE:CPG) (NYSE:CPG) – National Bank Financial upped their FY2017 earnings estimates for Crescent Point Energy in a report released on Tuesday. National Bank Financial analyst T. Wood now anticipates that the company will post earnings per share of ($0.02) for the year, up from their prior estimate of ($0.08). National Bank Financial currently has a “Outperform” rating and a $16.00 price objective on the stock. National Bank Financial also issued estimates for Crescent Point Energy’s FY2018 earnings at $0.33 EPS.
CPG has been the subject of several other reports. TD Securities lowered their target price on shares of Crescent Point Energy from C$16.00 to C$15.00 and set a “buy” rating for the company in a report on Friday, October 27th. BMO Capital Markets lowered their target price on shares of Crescent Point Energy from C$14.00 to C$13.00 in a report on Tuesday, October 10th. Royal Bank of Canada lifted their target price on shares of Crescent Point Energy from C$12.00 to C$13.00 and gave the company a “sector perform” rating in a report on Wednesday. Finally, Barclays lowered their target price on shares of Crescent Point Energy from C$12.00 to C$11.00 in a report on Monday, October 30th.
In related news, Director D. Hugh Gillard sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of C$9.08, for a total transaction of C$27,240.00. Also, insider Mark Gordon Eade sold 6,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of C$10.80, for a total transaction of C$70,200.00. Insiders have sold 15,786 shares of company stock valued at $156,541 over the last quarter.
Crescent Point Energy Company Profile
Crescent Point Energy Corp. (Crescent Point) is a Canada-based oil and gas exploration, development and production company. The Company is an oil and gas producer with assets consisting of light and medium oil and natural gas reserves in Western Canada and the United States. Its 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, Colorado and Utah.
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