Crescent Point Energy (TSE:CPG – Get Free Report) (NYSE:CPG) had its price objective raised by Raymond James from C$13.00 to C$16.00 in a research report issued to clients and investors on Friday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Raymond James’ target price indicates a potential upside of 40.60% from the stock’s current price.
Other equities analysts have also issued reports about the stock. BMO Capital Markets raised their target price on shares of Crescent Point Energy from C$12.50 to C$13.00 in a research report on Thursday, July 27th. Desjardins lowered their target price on shares of Crescent Point Energy from C$14.00 to C$13.50 and set a “buy” rating on the stock in a research report on Monday, August 28th. Stifel Nicolaus lowered their target price on shares of Crescent Point Energy from C$15.75 to C$15.25 in a research report on Friday, July 14th. ATB Capital lowered their target price on shares of Crescent Point Energy from C$14.00 to C$13.00 and set an “outperform” rating on the stock in a research report on Friday, August 25th. Finally, National Bankshares lowered their target price on shares of Crescent Point Energy from C$18.00 to C$16.00 and set an “outperform” rating on the stock in a research report on Friday, August 25th. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of C$14.50.
Check Out Our Latest Research Report on Crescent Point Energy
Crescent Point Energy Stock Up 0.4 %
Crescent Point Energy (TSE:CPG – Get Free Report) (NYSE:CPG) last released its quarterly earnings data on Wednesday, July 26th. The company reported C$0.38 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.39 by C($0.01). Crescent Point Energy had a return on equity of 5.90% and a net margin of 11.24%. The company had revenue of C$975.00 million for the quarter, compared to analyst estimates of C$969.10 million. Research analysts expect that Crescent Point Energy will post 1.3092784 earnings per share for the current fiscal year.
Crescent Point Energy Company Profile
Crescent Point Energy Corp. explores, develops, and produces light and medium crude oil, natural gas liquids, and natural gas reserves in Western Canada and the United States. It'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 and Montana.
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