Crescent Point Energy (TSE:CPG) (NYSE:CPG) had its target price lifted by investment analysts at CIBC from C$9.75 to C$10.00 in a research report issued on Thursday, BayStreet.CA reports. CIBC’s price target suggests a potential upside of 20.19% from the company’s previous close.
Several other research firms have also recently weighed in on CPG. TD Securities upgraded Crescent Point Energy from a “buy” rating to an “action list buy” rating and boosted their target price for the stock from C$9.50 to C$12.00 in a research note on Wednesday, January 5th. Tudor Pickering restated a “hold” rating and set a C$7.00 target price on shares of Crescent Point Energy in a research note on Monday, December 6th. ATB Capital boosted their target price on Crescent Point Energy from C$8.50 to C$9.25 in a research note on Tuesday, November 23rd. National Bankshares boosted their target price on Crescent Point Energy from C$12.50 to C$13.50 in a research note on Thursday, January 6th. Finally, Tudor Pickering & Holt upgraded Crescent Point Energy from a “hold” rating to a “buy” rating and boosted their target price for the stock from C$7.00 to C$7.50 in a research note on Tuesday, December 7th. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Crescent Point Energy has a consensus rating of “Buy” and a consensus price target of C$9.46.
Shares of Crescent Point Energy stock opened at C$8.32 on Thursday. Crescent Point Energy has a one year low of C$3.41 and a one year high of C$8.47. The company has a market cap of C$4.84 billion and a PE ratio of 2.13. The company has a debt-to-equity ratio of 44.14, a quick ratio of 0.32 and a current ratio of 0.41. The business has a 50-day simple moving average of C$6.40 and a 200-day simple moving average of C$5.56.
In other Crescent Point Energy news, Senior Officer Kenneth Lamont sold 12,000 shares of the business’s stock in a transaction that occurred on Monday, November 1st. The stock was sold at an average price of C$6.29, for a total value of C$75,480.00. Following the completion of the sale, the insider now owns 293,328 shares in the company, valued at C$1,845,033.12.
About Crescent Point Energy
Crescent Point Energy Corp. explores, develops, and produces light and medium crude oil and natural gas reserves in Western Canada and the United States. The company's 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 and Montana.
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