Scotiabank Reaffirms “Outperform” Rating for Crescent Point Energy Corp (CPG)
Crescent Point Energy Corp (TSE:CPG)‘s stock had its “outperform” rating restated by Scotiabank in a report issued on Wednesday. They currently have a C$27.50 price target on the stock. Scotiabank’s target price indicates a potential upside of 67.27% from the stock’s current price.
A number of other analysts also recently issued reports 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 stock 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 price target on Crescent Point Energy Corp and gave the stock an “outperform” rating in a report on Tuesday, August 30th. Raymond James Financial Inc. set a C$26.00 price target on Crescent Point Energy Corp in a report on Monday, June 6th. Finally, TD Securities upgraded Crescent Point Energy Corp from a “buy” rating to an “action list buy” rating and increased their price target for the stock from C$27.00 to C$31.00 in a report on Thursday, June 30th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of C$24.36.
Shares of Crescent Point Energy Corp (TSE:CPG) traded up 4.74% during trading on Wednesday, reaching $17.22. 2,801,256 shares of the company’s stock were exchanged. Crescent Point Energy Corp has a 12-month low of $11.42 and a 12-month high of $24.01. The stock has a 50-day moving average price of $19.78 and a 200 day moving average price of $19.99. The company’s market capitalization is $8.74 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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