Crescent Point Energy Corp (CPG) Stock Rating Reaffirmed by Desjardins
Crescent Point Energy Corp (TSE:CPG)‘s stock had its “buy” rating reissued by Desjardins in a report released on Wednesday. They currently have a C$24.00 target price on the stock. Desjardins’ price objective points to a potential upside of 45.99% 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. AltaCorp Capital raised their price target on Crescent Point Energy Corp from C$25.00 to C$26.00 in a research note on Friday, August 12th. TD Securities lowered Crescent Point Energy Corp from an “action list buy” rating to a “buy” rating and cut their price target for the company from C$31.00 to C$30.00 in a research note on Friday, August 12th. Barclays PLC set a C$26.00 price target on Crescent Point Energy Corp and gave the company an “outperform” rating in a research note on Tuesday, August 30th. Finally, Dundee Securities raised their price target 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. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of C$24.54.
Crescent Point Energy Corp (TSE:CPG) traded up 3.95% during trading on Wednesday, reaching $17.09. 2,251,217 shares of the company’s stock traded hands. Crescent Point Energy Corp has a one year low of $11.42 and a one year high of $24.01. The firm’s market cap is $8.68 billion. The company has a 50 day moving average of $19.78 and a 200 day moving average of $19.99.
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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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