Crescent Point Energy (TSE:CPG) Price Target Raised to C$7.50

Crescent Point Energy (TSE:CPG) (NYSE:CPG) had its price objective boosted by Royal Bank of Canada from C$6.50 to C$7.50 in a research note published on Thursday morning, Analyst Price Targets reports. They currently have a na rating on the stock.

CPG has been the topic of several other research reports. CIBC reiterated an outperform rating and issued a C$7.00 price objective on shares of Crescent Point Energy in a research note on Tuesday. National Bankshares decreased their price objective on Crescent Point Energy from C$7.50 to C$7.00 and set an outperform rating for the company in a report on Thursday, April 15th. BMO Capital Markets upped their price objective on shares of Crescent Point Energy from C$5.00 to C$7.00 and gave the company an outperform rating in a report on Monday, April 5th. Raymond James reiterated a market perform rating and set a C$5.75 target price on shares of Crescent Point Energy in a research report on Thursday, May 13th. Finally, ATB Capital boosted their price target on shares of Crescent Point Energy from C$6.75 to C$7.00 in a research report on Tuesday. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company has a consensus rating of Buy and an average target price of C$6.67.

TSE CPG opened at C$5.57 on Thursday. The business’s fifty day simple moving average is C$5.02. The company has a quick ratio of 0.34, a current ratio of 0.47 and a debt-to-equity ratio of 81.22. The company has a market cap of C$3.24 billion and a PE ratio of -16.93. Crescent Point Energy has a one year low of C$1.41 and a one year high of C$5.87.

Crescent Point Energy (TSE:CPG) (NYSE:CPG) last announced its quarterly earnings data on Wednesday, May 12th. The company reported C$0.18 EPS for the quarter, topping the consensus estimate of C$0.12 by C$0.06. The company had revenue of C$625.50 million during the quarter. Equities research analysts forecast that Crescent Point Energy will post 0.79 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 2nd. Shareholders of record on Tuesday, June 15th will be paid a $0.002 dividend. This represents a $0.01 annualized dividend and a yield of 0.14%. The ex-dividend date of this dividend is Monday, June 14th. Crescent Point Energy’s dividend payout ratio is presently -2.28%.

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 and Montana.

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Analyst Recommendations for Crescent Point Energy (TSE:CPG)

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