Crescent Point Energy Corp (CPG) Rating Reiterated by Desjardins
Crescent Point Energy Corp (TSE:CPG)‘s stock had its “buy” rating reaffirmed by analysts at Desjardins in a note issued to investors on Wednesday. They presently have a C$24.00 target price on the stock. Desjardins’ target price would suggest a potential upside of 45.99% 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 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 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 Crescent Point Energy Corp in a report on Monday, June 6th. TD Securities upgraded Crescent Point Energy Corp from a “buy” rating to an “action list buy” rating and lifted their price objective for the stock from C$27.00 to C$31.00 in a research note on Thursday, June 30th. Finally, AltaCorp Capital lifted their price objective on Crescent Point Energy Corp from C$25.00 to C$26.00 in a research note on Friday, August 12th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of C$24.36.
Shares of Crescent Point Energy Corp (TSE:CPG) traded up 4.74% during mid-day trading on Wednesday, hitting $17.22. The stock had a trading volume of 2,801,256 shares. The firm 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 stock’s market cap is $8.74 billion.
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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.
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