Crescent Point Energy Corp (CPG) Price Target Cut to C$20.00
Crescent Point Energy Corp (TSE:CPG) had its price target lowered by equities research analysts at CIBC from C$22.00 to C$20.00 in a report issued on Friday. CIBC’s target price indicates a potential upside of 29.70% from the stock’s current price.
A number of other equities analysts have also recently issued reports on CPG. Desjardins restated a “buy” rating and set a C$24.00 price objective on shares of Crescent Point Energy Corp in a report on Wednesday, September 21st. National Bank Financial restated an “outperform” rating and set a C$23.00 price objective on shares of Crescent Point Energy Corp in a report on Friday. TD Securities cut Crescent Point Energy Corp from an “action list buy” rating to a “buy” rating and dropped their price objective for the company from C$31.00 to C$30.00 in a report on Friday, August 12th. FirstEnergy Capital dropped their price objective on Crescent Point Energy Corp from C$29.00 to C$25.00 and set an “outperform” rating for the company in a report on Wednesday, September 21st. Finally, Royal Bank Of Canada dropped their price objective on Crescent Point Energy Corp from C$22.00 to C$20.00 and set a “sector perform” rating for the company in a report on Friday. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Crescent Point Energy Corp currently has an average rating of “Buy” and an average price target of C$23.13.
Shares of Crescent Point Energy Corp (TSE:CPG) opened at 15.42 on Friday. Crescent Point Energy Corp has a 52-week low of $11.42 and a 52-week high of $24.01. The stock’s market capitalization is $7.88 billion. The company’s 50 day moving average price is $16.74 and its 200 day moving average price is $19.39.
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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