Crescent Point Energy Corp (CPG) PT Lowered to C$22.00
Crescent Point Energy Corp (TSE:CPG) had its price target cut by equities researchers at Royal Bank Of Canada from C$25.00 to C$22.00 in a report issued on Wednesday. The firm presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s target price indicates a potential upside of 33.82% from the company’s current price.
Several other analysts also recently weighed in on the company. Dundee Securities raised their target price on Crescent Point Energy Corp from C$24.00 to C$24.50 and gave the company a “neutral” rating in a research note on Friday, September 9th. Desjardins set a C$26.00 target price on Crescent Point Energy Corp in a research note on Tuesday, June 28th. Barclays PLC set a C$26.00 target price on Crescent Point Energy Corp and gave the company an “outperform” rating in a research note on Tuesday, August 30th. Raymond James Financial Inc. set a C$26.00 target price on Crescent Point Energy Corp in a research note on Monday, June 6th. Finally, TD Securities upgraded 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 research note on Thursday, June 30th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of C$24.96.
Crescent Point Energy Corp (TSE:CPG) traded up 1.58% during mid-day trading on Wednesday, reaching $16.70. The company’s stock had a trading volume of 537,932 shares. The firm’s market capitalization is $8.48 billion. Crescent Point Energy Corp has a 12 month low of $11.42 and a 12 month high of $24.01. The stock’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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