FY2017 EPS Estimates for Crescent Point Energy Corp Boosted by National Bank Financial (CPG)
Crescent Point Energy Corp (TSE:CPG) (NYSE:CPG) – Analysts at National Bank Financial raised their FY2017 earnings per share estimates for shares of Crescent Point Energy in a report issued on Tuesday. National Bank Financial analyst T. Wood now expects that the company will post earnings of ($0.02) per share for the year, up from their prior forecast of ($0.08). National Bank Financial 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.
A number of other research firms also recently issued reports on CPG. Barclays lifted their price objective on shares of Crescent Point Energy from C$11.00 to C$13.00 in a report on Thursday. Royal Bank of Canada lifted their price objective on shares of Crescent Point Energy from C$12.00 to C$13.00 and gave the stock a “sector perform” rating in a report on Wednesday. TD Securities lifted their price objective on shares of Crescent Point Energy from C$15.00 to C$15.50 and gave the stock a “buy” rating in a report on Wednesday. Finally, BMO Capital Markets cut their price objective on shares of Crescent Point Energy from C$14.00 to C$13.00 in a report on Tuesday, October 10th.
In related news, insider Mark Gordon Eade sold 6,500 shares of the business’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of C$10.80, for a total value of C$70,200.00. Also, Director Edward Goldthorpe acquired 15,000 shares of the stock in a transaction that occurred on Monday, December 4th. The stock was purchased at an average price of C$7.45 per share, for a total transaction of C$111,750.00. Insiders sold a total of 15,786 shares of company stock worth $156,541 over the last three months.
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About Crescent Point Energy
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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