Barclays PLC Lowers Crescent Point Energy Corp (CPG) Price Target to C$23.00
Crescent Point Energy Corp (TSE:CPG) had its price objective decreased by equities researchers at Barclays PLC from C$28.00 to C$23.00 in a report released on Tuesday. Barclays PLC’s price target would suggest a potential upside of 29.87% from the company’s previous close.
Several other equities research analysts have also weighed in on CPG. Desjardins set a C$26.00 price target on Crescent Point Energy Corp in a research report on Tuesday, June 28th. TD Securities upgraded Crescent Point Energy Corp from a “buy” rating to an “action list buy” rating and lifted their price target for the company from C$27.00 to C$31.00 in a research report on Thursday, June 30th. AltaCorp Capital lifted their price target on Crescent Point Energy Corp from C$25.00 to C$26.00 in a research report on Friday, August 12th. 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 research report on Friday, September 9th. Finally, Royal Bank Of Canada dropped their price target on Crescent Point Energy Corp from C$25.00 to C$22.00 and set a “sector perform” rating on the stock in a research report on Wednesday, September 21st. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of C$24.14.
Shares of Crescent Point Energy Corp (TSE:CPG) traded up 0.68% during midday trading on Tuesday, hitting $17.83. The stock had a trading volume of 955,851 shares. The stock’s 50-day moving average is $18.47 and its 200-day moving average is $19.92. Crescent Point Energy Corp has a 12 month low of $11.42 and a 12 month high of $24.01. The stock’s market cap is $9.05 billion.
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.
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