Crescent Point Energy Corp (CPG) Price Target Lowered to C$25.00 at FirstEnergy Capital
Crescent Point Energy Corp (TSE:CPG) had its price objective cut by analysts at FirstEnergy Capital from C$29.00 to C$25.00 in a research report issued on Wednesday. The brokerage currently has an “outperform” rating on the stock. FirstEnergy Capital’s price target suggests a potential upside of 52.07% from the company’s previous close.
Several other brokerages have also commented on CPG. Raymond James Financial Inc. set a C$26.00 price target on Crescent Point Energy Corp in a research note on Monday, June 6th. Desjardins set a C$26.00 price target on Crescent Point Energy Corp in a research note on Tuesday, June 28th. TD Securities upgraded Crescent Point Energy Corp from a “buy” rating to an “action list buy” rating and upped their price target for the stock from C$27.00 to C$31.00 in a research note on Thursday, June 30th. Barclays PLC upped their price target on Crescent Point Energy Corp from C$23.00 to C$28.00 and gave the stock an “overweight” rating in a research note on Friday, July 22nd. Finally, AltaCorp Capital upped their price target on Crescent Point Energy Corp from C$25.00 to C$26.00 in a research note on Friday, August 12th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of C$24.36.
Shares of Crescent Point Energy Corp (TSE:CPG) traded up 4.74% during midday trading on Wednesday, hitting $17.22. The stock had a trading volume of 2,801,256 shares. The stock has a 50 day moving average of $19.78 and a 200-day moving average of $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 cap 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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