Crescent Point Energy Corp (CPG) Price Target Cut to C$25.00 by Analysts at Raymond James Financial Inc.
Crescent Point Energy Corp (TSE:CPG) had its target price reduced by Raymond James Financial Inc. from C$26.00 to C$25.00 in a report issued on Wednesday. Raymond James Financial Inc.’s price target indicates a potential upside of 39.59% from the company’s current price.
A number of other research firms have also commented on CPG. Barclays PLC set a C$26.00 price target on shares of Crescent Point Energy Corp and gave the company an “outperform” rating in a research report on Tuesday, August 30th. Desjardins reiterated a “buy” rating and issued a C$24.00 target price on shares of Crescent Point Energy Corp in a research report on Wednesday, September 21st. Royal Bank Of Canada cut their target price on shares of Crescent Point Energy Corp from C$25.00 to C$22.00 and set a “sector perform” rating for the company in a research report on Wednesday, September 21st. Scotiabank reiterated an “outperform” rating and issued a C$27.50 target price on shares of Crescent Point Energy Corp in a research report on Wednesday, September 21st. Finally, TD Securities cut their target price on shares of Crescent Point Energy Corp from C$30.00 to C$28.00 and set a “buy” rating for the company in a research report on Wednesday, September 21st. Four research analysts have rated the stock with a hold rating and eight 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$24.07.
Shares of Crescent Point Energy Corp (TSE:CPG) traded down 3.41% during mid-day trading on Wednesday, reaching $17.30. The company’s stock had a trading volume of 2,886,903 shares. The firm’s market cap is $8.78 billion. Crescent Point Energy Corp has a 12 month low of $11.42 and a 12 month high of $24.01. The company’s 50-day moving average is $18.37 and its 200 day moving average is $19.91.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/12/crescent-point-energy-corp-cpg-price-target-cut-to-c25-00-by-analysts-at-raymond-james-financial-inc.html
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.
Receive News & Ratings for Crescent Point Energy Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crescent Point Energy Corp and related companies with MarketBeat.com's FREE daily email newsletter.