Crescent Point Energy (CPG) Price Target Raised to C$8.50
Crescent Point Energy (TSE:CPG) (NYSE:CPG) had its target price lifted by National Bank Financial from C$6.50 to C$8.50 in a report released on Monday morning, BayStreet.CA reports.
Other equities research analysts have also issued reports about the company. GMP Securities decreased their price objective on Crescent Point Energy from C$10.50 to C$8.00 in a research report on Thursday, December 13th. Royal Bank of Canada decreased their price objective on Crescent Point Energy from C$11.00 to C$6.00 in a research report on Tuesday, January 8th. CIBC decreased their price objective on Crescent Point Energy from C$9.00 to C$7.50 in a research report on Wednesday, January 16th. Raymond James restated a market perform rating and set a C$6.00 price objective on shares of Crescent Point Energy in a research report on Wednesday, January 16th. Finally, Canaccord Genuity lowered Crescent Point Energy from a buy rating to a speculative buy rating and decreased their price objective for the stock from C$13.00 to C$7.00 in a research report on Thursday, January 10th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of C$8.75.
Shares of TSE CPG opened at C$5.35 on Monday. Crescent Point Energy has a one year low of C$3.24 and a one year high of C$11.81. The stock has a market cap of $2.76 billion and a price-to-earnings ratio of -1.12. The company has a debt-to-equity ratio of 64.67, a current ratio of 0.85 and a quick ratio of 0.49.
Crescent Point Energy Company Profile
Crescent Point Energy Corp. explores, develops, and produces light and medium crude oil and natural gas reserves in Western Canada and the United States. The company's crude oil and natural gas properties, and related assets are located in the provinces of Saskatchewan, Alberta, British Columbia, and Manitoba; and the states of North Dakota, Montana, and Utah.
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