Crescent Point Energy Corp (TSE:CPG) had its price target reduced by equities researchers at RBC Capital Markets from C$25.00 to C$22.00 in a research note issued on Wednesday. The firm presently has a “sector perform” rating on the stock. RBC Capital Markets’ price objective points to a potential upside of 28.06% from the company’s previous close.

Several other research analysts have also recently weighed in on the company. TD Securities reduced their price objective on Crescent Point Energy Corp from C$30.00 to C$28.00 and set a “buy” rating for the company in a research report on Wednesday. Scotiabank reaffirmed an “outperform” rating and set a C$27.50 price objective on shares of Crescent Point Energy Corp in a research report on Wednesday. FirstEnergy Capital reduced their price objective on Crescent Point Energy Corp from C$29.00 to C$25.00 and set an “outperform” rating for the company in a research report on Wednesday. Desjardins reaffirmed a “buy” rating and set a C$24.00 price objective on shares of Crescent Point Energy Corp in a research report on Wednesday. Finally, CIBC reduced their price objective on Crescent Point Energy Corp from C$26.00 to C$22.00 and set a “sector outperform” rating for the company in a research report on Wednesday. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of C$24.36.

Crescent Point Energy Corp (TSE:CPG) opened at 17.18 on Wednesday. Crescent Point Energy Corp has a 12-month low of $11.42 and a 12-month high of $24.01. The firm’s market capitalization is $8.72 billion. The company’s 50-day moving average price is $19.69 and its 200-day moving average price is $19.95.

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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