CIBC Lowers Crescent Point Energy Corp (CPG) Price Target to C$22.00
Crescent Point Energy Corp (TSE:CPG) had its price objective decreased by equities researchers at CIBC from C$26.00 to C$22.00 in a research note issued on Wednesday. CIBC’s price objective indicates a potential upside of 33.82% from the company’s previous close.
A number of other brokerages have also recently weighed in on CPG. Raymond James Financial Inc. set a C$26.00 price objective on Crescent Point Energy Corp in a research note on Monday, June 6th. AltaCorp Capital upped their price objective on Crescent Point Energy Corp from C$25.00 to C$26.00 in a research note on Friday, August 12th. TD Securities cut Crescent Point Energy Corp from an “action list buy” rating to a “buy” rating and decreased their price objective for the stock from C$31.00 to C$30.00 in a research note on Friday, August 12th. Barclays PLC set a C$26.00 price objective on Crescent Point Energy Corp and gave the stock an “outperform” rating in a research note on Tuesday, August 30th. Finally, Dundee Securities upped their price objective on Crescent Point Energy Corp from C$24.00 to C$24.50 and gave the stock a “neutral” rating in a research note on Friday, September 9th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Crescent Point Energy Corp currently has an average rating of “Buy” and a consensus target price of C$24.88.
Crescent Point Energy Corp (TSE:CPG) traded up 2.31% on Wednesday, hitting $16.82. The stock had a trading volume of 1,195,059 shares. Crescent Point Energy Corp has a 12 month low of $11.42 and a 12 month high of $24.01. The stock’s market cap is $8.54 billion. The company’s 50 day moving average is $19.78 and its 200-day moving average is $19.99.
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Crescent Point Energy Corp Company Profile
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. The Company’s primary assets are the shares in Crescent Point Holdings Inc (CPHI), shares in Crescent Point U.S.
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