Crescent Point Energy Corp (CPG) Given New C$28.00 Price Target at TD Securities
Crescent Point Energy Corp (TSE:CPG) had its price objective decreased by TD Securities from C$30.00 to C$28.00 in a research report issued to clients and investors on Wednesday. The brokerage presently has a “buy” rating on the stock. TD Securities’ price target points to a potential upside of 70.32% from the company’s current price.
CPG has been the topic of several other research reports. Raymond James Financial Inc. set a C$26.00 price target on shares of Crescent Point Energy Corp in a research report on Monday, June 6th. AltaCorp Capital boosted their price target on shares of Crescent Point Energy Corp from C$25.00 to C$26.00 in a research report on Friday, August 12th. Barclays PLC set a C$26.00 price target on shares of Crescent Point Energy Corp and gave the stock an “outperform” rating in a research report on Tuesday, August 30th. Dundee Securities boosted their price target on shares of Crescent Point Energy Corp from C$24.00 to C$24.50 and gave the stock a “neutral” rating in a research report on Friday, September 9th. Finally, Desjardins set a C$26.00 price target on shares of Crescent Point Energy Corp in a research report on Tuesday, June 28th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of C$24.36.
Shares of Crescent Point Energy Corp (TSE:CPG) traded up 4.74% on Wednesday, reaching $17.22. 2,801,256 shares of the company’s stock traded hands. The stock has a 50-day moving average of $19.78 and a 200 day moving average of $19.99. The firm’s market cap is $8.74 billion. Crescent Point Energy Corp has a 12-month low of $11.42 and a 12-month high of $24.01.
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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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