Crescent Point Energy Corp (TSE:CPG) PT Lowered to C$12.00
Crescent Point Energy Corp (TSE:CPG) (NYSE:CPG) had its price target cut by investment analysts at Barclays PLC from C$21.00 to C$12.00 in a research note issued to investors on Monday, July 24th. Barclays PLC’s target price points to a potential upside of 39.37% from the stock’s previous close.
A number of other research analysts have also recently issued reports on CPG. CIBC reduced their price objective on Crescent Point Energy Corp from C$18.00 to C$11.50 in a research note on Thursday, July 20th. Royal Bank Of Canada reduced their price objective on Crescent Point Energy Corp from C$18.00 to C$14.00 in a research note on Thursday, July 20th. TD Securities reaffirmed a “buy” rating and set a C$21.00 price objective on shares of Crescent Point Energy Corp in a research note on Friday, April 28th. Scotiabank reaffirmed an “outperform” rating and set a C$26.00 price objective on shares of Crescent Point Energy Corp in a research note on Friday, April 28th. Finally, National Bank Financial reduced their price objective on Crescent Point Energy Corp from C$18.50 to C$14.00 in a research note on Friday, June 23rd. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of C$19.68.
Shares of Crescent Point Energy Corp (CPG) traded down 0.81% during midday trading on Monday, reaching $8.61. The company had a trading volume of 1,591,669 shares. Crescent Point Energy Corp has a one year low of $8.51 and a one year high of $21.46. The company’s market capitalization is $4.70 billion. The company has a 50 day moving average of $9.31 and a 200 day moving average of $12.48.
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In other Crescent Point Energy Corp news, insider Bradley Harlan Borggard sold 3,800 shares of the firm’s stock in a transaction dated Friday, June 30th. The shares were sold at an average price of C$9.87, for a total value of C$37,506.00. Also, insider Tamara Macdonald sold 9,247 shares of the firm’s stock in a transaction dated Wednesday, July 5th. The stock was sold at an average price of C$9.39, for a total transaction of C$86,829.33. Over the last three months, insiders purchased 7,000 shares of company stock worth $77,940 and sold 25,993 shares worth $251,402.
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. 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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