Crescent Point Energy Corp (CPG) Stock Rating Reaffirmed by Scotiabank
Crescent Point Energy Corp (TSE:CPG)‘s stock had its “outperform” rating restated by equities research analysts at Scotiabank in a research report issued to clients and investors on Friday. They currently have a C$27.50 target price on the stock. Scotiabank’s target price suggests a potential upside of 78.34% from the company’s current price.
A number of other brokerages have also weighed in on CPG. AltaCorp Capital increased their price objective on Crescent Point Energy Corp from C$25.00 to C$26.00 in a report on Friday, August 12th. TD Securities lowered Crescent Point Energy Corp from an “action list buy” rating to a “buy” rating and cut their price objective for the company from C$31.00 to C$30.00 in a report on Friday, August 12th. Barclays PLC set a C$26.00 price objective on Crescent Point Energy Corp and gave the company an “outperform” rating in a report on Tuesday, August 30th. Dundee Securities increased their price objective on Crescent Point Energy Corp from C$24.00 to C$24.50 and gave the company a “neutral” rating in a report on Friday, September 9th. Finally, Raymond James Financial Inc. cut their price objective on Crescent Point Energy Corp from C$26.00 to C$25.00 in a report on Wednesday, October 12th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of C$23.13.
Shares of Crescent Point Energy Corp (TSE:CPG) opened at 15.42 on Friday. The firm has a 50-day moving average price of $16.74 and a 200-day moving average price of $19.39. The company’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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