Crescent Point Energy (TSE:CPG) (NYSE:CPG) had its target price reduced by analysts at BMO Capital Markets from C$6.00 to C$5.50 in a research note issued on Friday, BayStreet.CA reports. BMO Capital Markets’ price target indicates a potential upside of 38.19% from the company’s previous close.
A number of other research firms have also recently weighed in on CPG. CIBC raised Crescent Point Energy from a “neutral” rating to an “outperform” rating in a research report on Friday, May 10th. Raymond James reaffirmed a “market perform” rating and set a C$7.00 price objective on shares of Crescent Point Energy in a research report on Friday, May 10th. Canaccord Genuity increased their price objective on Crescent Point Energy from C$7.00 to C$8.00 in a research report on Tuesday, April 9th. Finally, National Bank Financial increased their price objective on Crescent Point Energy from C$6.50 to C$8.50 in a research report on Monday, April 8th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of C$8.60.
Crescent Point Energy stock traded down C$0.02 during mid-day trading on Friday, reaching C$3.98. 1,743,565 shares of the company were exchanged, compared to its average volume of 5,297,325. Crescent Point Energy has a twelve month low of C$3.24 and a twelve month high of C$10.31. The company has a current ratio of 0.59, a quick ratio of 0.44 and a debt-to-equity ratio of 66.23. The stock has a market capitalization of $2.18 billion and a price-to-earnings ratio of -0.86.
Crescent Point Energy (TSE:CPG) (NYSE:CPG) last posted its quarterly earnings data on Thursday, May 9th. The company reported C$0.29 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.03 by C$0.26. The company had revenue of C$892.40 million for the quarter, compared to analyst estimates of C$836.00 million. Equities analysts predict that Crescent Point Energy will post 0.47 earnings per share for the current year.
Crescent Point Energy Company Profile
Crescent Point Energy Corp. explores, develops, and produces light and medium crude oil and natural gas reserves in Western Canada and the United States. The company's 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, and Utah.
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