Crescent Point Energy Corp (CPG) Stock Rating Reaffirmed by Scotiabank
Crescent Point Energy Corp (TSE:CPG)‘s stock had its “outperform” rating restated by stock analysts at Scotiabank in a research note issued on Wednesday. They presently have a C$27.50 price target on the stock. Scotiabank’s target price would suggest a potential upside of 67.27% from the company’s current price.
Several other equities analysts have also commented on the company. 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. Desjardins set a C$26.00 price target on Crescent Point Energy Corp in a research note on Tuesday, June 28th. 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. Raymond James Financial Inc. set a C$26.00 price target 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 price target 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 seven have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of C$24.54.
Crescent Point Energy Corp (TSE:CPG) traded up 3.95% during midday trading on Wednesday, hitting $17.09. 2,251,217 shares of the stock traded hands. The company has a 50-day moving average of $19.78 and a 200-day moving average of $19.99. Crescent Point Energy Corp has a 12 month low of $11.42 and a 12 month high of $24.01. The stock’s market cap is $8.68 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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