Crescent Point Energy Corp (CPG) Given New C$22.00 Price Target at RBC Capital Markets
Crescent Point Energy Corp (TSE:CPG) had its target price reduced by equities research analysts at RBC Capital Markets from C$25.00 to C$22.00 in a report released on Wednesday. The brokerage presently has a “sector perform” rating on the stock. RBC Capital Markets’ price objective suggests a potential upside of 33.82% from the company’s previous close.
Several other analysts have also recently commented on the stock. Dundee Securities upped their target price on shares of Crescent Point Energy Corp from C$24.00 to C$24.50 and gave the company a “neutral” rating in a research report on Friday, September 9th. Desjardins set a C$26.00 target price on shares of Crescent Point Energy Corp in a research report on Tuesday, June 28th. Barclays PLC set a C$26.00 target price on shares of Crescent Point Energy Corp and gave the company an “outperform” rating in a research report on Tuesday, August 30th. Raymond James Financial Inc. set a C$26.00 target price on shares of Crescent Point Energy Corp in a research report on Monday, June 6th. Finally, TD Securities upgraded shares of Crescent Point Energy Corp from a “buy” rating to an “action list buy” rating and upped their target price for the company from C$27.00 to C$31.00 in a research report on Thursday, June 30th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of C$24.36.
Shares of Crescent Point Energy Corp (TSE:CPG) traded up 4.74% during mid-day trading on Wednesday, hitting $17.22. The company had a trading volume of 2,801,256 shares. The firm’s 50-day moving average price is $19.78 and its 200 day moving average price is $19.99. Crescent Point Energy Corp has a one year low of $11.42 and a one year high of $24.01. The company’s market capitalization is $8.74 billion.
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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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