Crescent Point Energy Corp Price Target Cut to C$52.50 by Analysts at Dundee Securities (CPG)
Dundee Securities lowered their target price on shares of Crescent Point Energy Corp (TSE:CPG) from C$53.00 to C$52.50 in a research note issued on Wednesday. Dundee Securities’ target price suggests a potential upside of 17.85% from the stock’s previous close.
A number of other analysts have also recently weighed in on CPG. 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. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Crescent Point Energy Corp has an average rating of “Buy” and an average price target of C$51.00.
Crescent Point Energy Corp (TSE:CPG) opened at 44.55 on Wednesday. Crescent Point Energy Corp has a 52-week low of $37.22 and a 52-week high of $48.68. The stock has a 50-day moving average of $44.38 and a 200-day moving average of $43.35. The company has a market cap of $18.804 billion and a price-to-earnings ratio of 88.24.
Crescent Point Energy Corp (TSE:CPG) last posted its quarterly earnings results on Thursday, August 14th. The company reported $0.43 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.31 by $0.12. Analysts expect that Crescent Point Energy Corp will post $1.34 EPS for the current fiscal year.
The company also recently declared a aug 14 dividend, which is scheduled for Monday, September 15th. Shareholders of record on Sunday, August 31st will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Wednesday, August 27th.
Crescent Point Energy Corp is a Canada-based oil and gas exploration, development and production company.
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