Crescent Point Energy Corp (CPG) PT Lowered to C$25.00 at FirstEnergy Capital
Crescent Point Energy Corp (TSE:CPG) had its price target decreased by investment analysts at FirstEnergy Capital from C$29.00 to C$25.00 in a note issued to investors on Wednesday. The firm currently has an “outperform” rating on the stock. FirstEnergy Capital’s price target points to a potential upside of 52.07% from the company’s previous close.
Other analysts have also issued research reports about the stock. Barclays PLC set a C$26.00 price objective on shares of Crescent Point Energy Corp and gave the stock an “outperform” rating in a report on Tuesday, August 30th. Desjardins reaffirmed a “buy” rating and set a C$24.00 price objective on shares of Crescent Point Energy Corp in a report on Wednesday. Royal Bank Of Canada dropped their price objective on shares of Crescent Point Energy Corp from C$25.00 to C$22.00 and set a “sector perform” rating for the company in a report on Wednesday. TD Securities lowered shares of Crescent Point Energy Corp from an “action list buy” rating to a “buy” rating and dropped their price objective for the stock from C$31.00 to C$30.00 in a report on Friday, August 12th. Finally, AltaCorp Capital raised their price objective on shares of Crescent Point Energy Corp from C$25.00 to C$26.00 in a report on Friday, August 12th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of C$24.54.
Shares of Crescent Point Energy Corp (TSE:CPG) traded up 3.95% during midday trading on Wednesday, hitting $17.09. The stock had a trading volume of 2,251,217 shares. The stock’s market cap is $8.68 billion. Crescent Point Energy Corp has a 52 week low of $11.42 and a 52 week high of $24.01. The stock has a 50-day moving average of $19.78 and a 200 day moving average of $19.99.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/21/crescent-point-energy-corp-cpg-pt-lowered-to-c25-00-at-firstenergy-capital.html
About Crescent Point Energy Corp
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.
Receive News & Ratings for Crescent Point Energy Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crescent Point Energy Corp and related companies with MarketBeat.com's FREE daily email newsletter.