Crescent Point Energy Corp Receives Average Rating of “Buy” from Brokerages (TSE:CPG)
Crescent Point Energy Corp (TSE:CPG) has earned an average rating of “Buy” from the nineteen brokerages that are presently covering the company, Stock Ratings Network reports. Three equities research analysts have rated the stock with a hold recommendation and fourteen have given a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is C$51.00.
Several analysts have recently commented on the stock. Analysts at Barclays raised their price target on shares of Crescent Point Energy Corp from C$48.00 to C$49.00 in a research note on Wednesday, July 23rd. They now have an “overweight” rating on the stock. Separately, analysts at CIBC raised their price target on shares of Crescent Point Energy Corp from C$53.00 to C$55.00 in a research note on Thursday, July 17th. They now have an “outperform” rating on the stock. Finally, analysts at Raymond James raised their price target on shares of Crescent Point Energy Corp from C$51.00 to C$55.00 in a research note on Monday, July 7th. They now have an “outperform” rating on the stock.
Shares of Crescent Point Energy Corp (TSE:CPG) opened at 44.59 on Friday. Crescent Point Energy Corp has a 52 week low of $37.22 and a 52 week high of $48.68. The stock’s 50-day moving average is $45.10 and its 200-day moving average is $42.66. The company has a market cap of $17.751 billion and a P/E ratio of 96.28.
The company also recently declared a jul 14 dividend, which is scheduled for Friday, August 15th. Stockholders of record on Thursday, July 31st will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Tuesday, July 29th.
Crescent Point Energy Corp is a Canada-based oil and gas exploration, development and production company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.