Scotiabank Reiterates “Sector Outperform” Rating for Crescent Point Energy Corp (CPG)
Crescent Point Energy Corp (TSE:CPG)‘s stock had its “sector outperform” rating reaffirmed by research analysts at Scotiabank in a report released on Friday, ARN reports. They currently have a C$50.00 price objective on the stock. Scotiabank’s price target suggests a potential upside of 24.47% from the company’s current price.
Crescent Point Energy Corp (TSE:CPG) traded up 1.57% during mid-day trading on Friday, hitting $40.17. 1,465,904 shares of the company’s stock traded hands. Crescent Point Energy Corp has a 1-year low of $34.53 and a 1-year high of $43.10. The stock has a 50-day moving average of $38.58 and a 200-day moving average of $37.8. The company’s market cap is $15.510 billion.
The company also recently declared a oct 13 dividend, which is scheduled for Friday, November 15th. Investors of record on Thursday, October 31st will be given a dividend of $0.23 per share.
CPG has been the subject of a number of other recent research reports. Analysts at CIBC reiterated a “sector outperform” rating on shares of Crescent Point Energy Corp in a research note to investors on Friday. They now have a C$47.00 price target on the stock. Separately, analysts at Canaccord Genuity raised their price target on shares of Crescent Point Energy Corp from C$48.00 to C$50.00 in a research note to investors on Thursday, October 10th. They now have a “buy” rating on the stock. Six investment analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and an average price target of C$47.57.
Crescent Point Energy Corp. is an oil and gas exploration, development and production company. It is an oil and gas producer with assets focused in properties comprised of operated, light and medium oil and natural gas reserves in Canada and the United States.
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