Crescent Point Energy Corp (CPG) PT Lowered to C$22.00
Crescent Point Energy Corp (TSE:CPG) had its price target reduced by stock analysts at Royal Bank Of Canada from C$25.00 to C$22.00 in a report issued on Wednesday, StockTargetPrices.com reports. The brokerage presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 33.82% from the company’s current price.
CPG has been the topic of several other reports. 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 report on Tuesday, August 30th. Dundee Securities raised 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 report on Friday, September 9th. Raymond James Financial Inc. set a C$26.00 target price on shares of Crescent Point Energy Corp in a report on Monday, June 6th. TD Securities raised shares of Crescent Point Energy Corp from a “buy” rating to an “action list buy” rating and raised their target price for the company from C$27.00 to C$31.00 in a report on Thursday, June 30th. Finally, Desjardins set a C$26.00 target price on shares of Crescent Point Energy Corp in a report on Tuesday, June 28th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Crescent Point Energy Corp has an average rating of “Buy” and a consensus target price of C$24.96.
Shares of Crescent Point Energy Corp (TSE:CPG) traded up 1.82% during trading on Wednesday, reaching $16.74. 750,596 shares of the company traded hands. Crescent Point Energy Corp has a 12-month low of $11.42 and a 12-month high of $24.01. The company has a 50 day moving average price of $19.78 and a 200 day moving average price of $19.99. The firm’s market capitalization is $8.50 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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