Crescent Point Energy Corp (CPG) PT Lowered to C$20.00
Crescent Point Energy Corp (TSE:CPG) had its price target lowered by equities research analysts at Royal Bank Of Canada from C$22.00 to C$20.00 in a report released on Friday. The firm presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 29.70% from the stock’s previous close.
Several other brokerages also recently issued reports on CPG. AltaCorp Capital lifted their target price on Crescent Point Energy Corp from C$25.00 to C$26.00 in a research note on Friday, August 12th. TD Securities downgraded Crescent Point Energy Corp from an “action list buy” rating to a “buy” rating and decreased their target price for the company from C$31.00 to C$30.00 in a research note on Friday, August 12th. Barclays PLC set a C$26.00 target price on Crescent Point Energy Corp and gave the company an “outperform” rating in a research note on Tuesday, August 30th. Dundee Securities lifted their target price on Crescent Point Energy Corp from C$24.00 to C$24.50 and gave the company a “neutral” rating in a research note on Friday, September 9th. Finally, Raymond James Financial Inc. decreased their target price on Crescent Point Energy Corp from C$26.00 to C$25.00 in a research note on Wednesday, October 12th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of C$23.13.
Shares of Crescent Point Energy Corp (TSE:CPG) opened at 15.42 on Friday. The stock’s 50 day moving average price is $16.74 and its 200-day moving average price is $19.39. The stock’s market cap is $7.88 billion. Crescent Point Energy Corp has a 1-year low of $11.42 and a 1-year high of $24.01.
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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