Barclays PLC Lowers Crescent Point Energy Corp (CPG) Price Target to C$23.00
Crescent Point Energy Corp (TSE:CPG) had its price objective lowered by stock analysts at Barclays PLC from C$28.00 to C$23.00 in a research note issued to investors on Tuesday. Barclays PLC’s target price indicates a potential upside of 29.87% from the company’s previous close.
Several other research firms also recently commented on CPG. Desjardins set a C$26.00 price objective on Crescent Point Energy Corp in a report on Tuesday, June 28th. TD Securities upgraded Crescent Point Energy Corp from a “buy” rating to an “action list buy” rating and raised their price objective for the stock from C$27.00 to C$31.00 in a report on Thursday, June 30th. AltaCorp Capital raised their price objective on Crescent Point Energy Corp from C$25.00 to C$26.00 in a report on Friday, August 12th. Dundee Securities raised their price objective on Crescent Point Energy Corp from C$24.00 to C$24.50 and gave the stock a “neutral” rating in a report on Friday, September 9th. Finally, Royal Bank Of Canada reduced their price objective on Crescent Point Energy Corp from C$25.00 to C$22.00 and set a “sector perform” rating on the stock in a report on Wednesday, September 21st. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of C$24.14.
Crescent Point Energy Corp (TSE:CPG) traded up 0.68% on Tuesday, hitting $17.83. The stock had a trading volume of 955,851 shares. Crescent Point Energy Corp has a 52-week low of $11.42 and a 52-week high of $24.01. The company has a 50-day moving average price of $18.47 and a 200 day moving average price of $19.92. The firm’s market cap is $9.05 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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