Crescent Point Energy Corp (CPG) Price Target Cut to C$28.00 by Analysts at TD Securities
Crescent Point Energy Corp (TSE:CPG) had its price objective dropped by equities researchers at TD Securities from C$30.00 to C$28.00 in a report issued on Wednesday. The firm presently has a “buy” rating on the stock. TD Securities’ target price suggests a potential upside of 70.32% from the company’s current price.
Other analysts have also issued research reports about the stock. Desjardins set a C$26.00 price objective on shares of Crescent Point Energy Corp in a report on Tuesday, June 28th. Raymond James Financial Inc. set a C$26.00 price target on shares of Crescent Point Energy Corp in a report on Monday, June 6th. AltaCorp Capital raised their price target on shares of Crescent Point Energy Corp from C$25.00 to C$26.00 in a report on Friday, August 12th. CIBC lowered their price target on shares of Crescent Point Energy Corp from C$26.00 to C$22.00 in a report on Wednesday. Finally, Dundee Securities raised their price target on shares of 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. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Crescent Point Energy Corp has an average rating of “Buy” and an average target price of C$24.54.
Crescent Point Energy Corp (TSE:CPG) traded up 3.95% during mid-day trading on Wednesday, hitting $17.09. The stock had a trading volume of 2,251,217 shares. The company has a 50-day moving average price of $19.78 and a 200 day moving average price of $19.99. Crescent Point Energy Corp has a 1-year low of $11.42 and a 1-year high of $24.01. The company’s market cap is $8.68 billion.
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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