Crescent Point Energy Corp (CPG) Price Target Cut to C$22.00
Crescent Point Energy Corp (TSE:CPG) had its price objective lowered by RBC Capital Markets from C$25.00 to C$22.00 in a research note issued on Wednesday. The firm presently has a “sector perform” rating on the stock. RBC Capital Markets’ price objective indicates a potential upside of 33.82% from the company’s current price.
A number of other research firms have also recently commented on CPG. Raymond James Financial Inc. set a C$26.00 price objective on Crescent Point Energy Corp in a research report on Monday, June 6th. AltaCorp Capital lifted their price target on Crescent Point Energy Corp from C$25.00 to C$26.00 in a report on Friday, August 12th. TD Securities cut Crescent Point Energy Corp from an “action list buy” rating to a “buy” rating and lowered their price target for the company from C$31.00 to C$30.00 in a report on Friday, August 12th. Barclays PLC set a C$26.00 price target on Crescent Point Energy Corp and gave the company an “outperform” rating in a report on Tuesday, August 30th. Finally, Dundee Securities lifted 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 report on Friday, September 9th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of C$24.36.
Shares of Crescent Point Energy Corp (TSE:CPG) traded up 4.68% during mid-day trading on Wednesday, hitting $17.21. 2,631,728 shares of the stock traded hands. 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 cap is $8.74 billion. Crescent Point Energy Corp has a one year low of $11.42 and a one year high of $24.01.
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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