Crescent Point Energy Corp (CPG) Price Target Lowered to C$25.00 at Raymond James Financial Inc.
Crescent Point Energy Corp (TSE:CPG) had its price target dropped by stock analysts at Raymond James Financial Inc. from C$26.00 to C$25.00 in a research report issued to clients and investors on Wednesday, StockTargetPrices.com reports. Raymond James Financial Inc.’s price target indicates a potential upside of 39.59% from the stock’s previous close.
CPG has been the topic of several other research reports. AltaCorp Capital raised their price target on shares of Crescent Point Energy Corp from C$25.00 to C$26.00 in a research note on Friday, August 12th. Desjardins set a C$26.00 price target on shares of Crescent Point Energy Corp in a research note on Tuesday, June 28th. Barclays PLC dropped their price target on shares of Crescent Point Energy Corp from C$28.00 to C$23.00 in a research note on Tuesday. TD Securities upgraded shares of 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. Finally, Dundee Securities raised their price target on shares of 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. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Crescent Point Energy Corp has a consensus rating of “Buy” and an average price target of C$24.07.
Crescent Point Energy Corp (TSE:CPG) traded down 2.90% during midday trading on Wednesday, reaching $17.39. The company had a trading volume of 2,330,563 shares. The company’s market capitalization is $8.83 billion. Crescent Point Energy Corp has a 52-week low of $11.42 and a 52-week 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-lowered-to-c25-00-at-raymond-james-financial-inc.html
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.
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.