Crescent Point Energy (TSE:CPG) Given New C$7.00 Price Target at CIBC


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Crescent Point Energy (TSE:CPG) (NYSE:CPG) had its price objective decreased by CIBC from C$8.00 to C$7.00 in a research report report published on Wednesday morning, Analyst Price Targets reports. CIBC currently has an outperform rating on the stock.

A number of other research analysts have also weighed in on CPG. Scotiabank raised their target price on shares of Crescent Point Energy from C$4.25 to C$6.00 and gave the stock an outperform rating in a research note on Friday, February 19th. Royal Bank of Canada lifted their price target on shares of Crescent Point Energy from C$3.75 to C$6.50 and gave the company a sector perform rating in a research report on Friday, February 19th. National Bank Financial lifted their price target on shares of Crescent Point Energy from C$3.75 to C$5.50 and gave the company an outperform rating in a research report on Thursday, February 18th. Stifel Nicolaus lifted their price target on shares of Crescent Point Energy from C$4.50 to C$5.25 in a research report on Friday, February 19th. Finally, TD Securities lifted their price target on shares of Crescent Point Energy from C$4.25 to C$8.00 and gave the company a buy rating in a research report on Wednesday, March 24th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Crescent Point Energy has an average rating of Buy and an average target price of C$6.08.

CPG opened at C$4.80 on Wednesday. The company has a debt-to-equity ratio of 85.59, a current ratio of 0.42 and a quick ratio of 0.31. The company’s 50 day simple moving average is C$5.21 and its two-hundred day simple moving average is C$3.42. Crescent Point Energy has a 1-year low of C$1.12 and a 1-year high of C$5.86. The firm has a market capitalization of C$2.55 billion and a price-to-earnings ratio of -1.01.

Crescent Point Energy (TSE:CPG) (NYSE:CPG) last released its earnings results on Wednesday, February 24th. The company reported C$0.16 earnings per share for the quarter, topping the Zacks’ consensus estimate of C$0.06 by C$0.10. The business had revenue of C$447.80 million during the quarter. On average, equities analysts anticipate that Crescent Point Energy will post 0.4879794 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, April 1st. Shareholders of record on Thursday, April 1st were given a $0.0025 dividend. This is a positive change from Crescent Point Energy’s previous quarterly dividend of $0.00. The ex-dividend date was Friday, March 12th. This represents a $0.01 dividend on an annualized basis and a yield of 0.21%. Crescent Point Energy’s payout ratio is presently -0.37%.

About Crescent Point Energy

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 and Montana.

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Analyst Recommendations for Crescent Point Energy (TSE:CPG)

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