Crescent Point Energy (CPG) PT Lowered to C$12.00
Crescent Point Energy (TSE:CPG) (NYSE:CPG) had its price target cut by Barclays from C$14.00 to C$12.00 in a research report issued to clients and investors on Friday. Barclays’ price objective indicates a potential upside of 40.68% from the stock’s current price.
Several other equities research analysts have also recently weighed in on the stock. TD Securities lowered their price objective on shares of Crescent Point Energy from C$15.50 to C$14.50 and set a “buy” rating for the company in a research report on Friday. CIBC raised their price objective on shares of Crescent Point Energy from C$11.00 to C$12.50 in a research report on Tuesday, January 23rd. Royal Bank of Canada raised their price objective on shares of Crescent Point Energy from C$12.00 to C$13.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 10th. Finally, National Bank Financial raised their price objective on shares of Crescent Point Energy from C$12.00 to C$16.00 and gave the company an “outperform” rating in a research report on Tuesday, January 9th.
Shares of Crescent Point Energy (CPG) opened at C$8.53 on Friday. The firm has a market cap of $4,660.00, a PE ratio of -284.33 and a beta of 1.08. Crescent Point Energy has a 1 year low of C$8.08 and a 1 year high of C$15.32.
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Crescent Point Energy 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. Its 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, Colorado and Utah.
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