Desjardins Reiterates Buy Rating for Crescent Point Energy Corp (CPG)
Crescent Point Energy Corp (TSE:CPG)‘s stock had its “buy” rating reiterated by equities researchers at Desjardins in a research note issued on Wednesday. They currently have a C$24.00 price objective on the stock. Desjardins’ target price points to a potential upside of 39.70% from the stock’s current price.
A number of other equities analysts have also commented on the stock. Dundee Securities raised their target price on shares of Crescent Point Energy Corp from C$24.00 to C$24.50 and gave the stock a “neutral” rating in a research report on Friday, September 9th. Barclays PLC set a C$26.00 target price on shares of Crescent Point Energy Corp and gave the stock an “outperform” rating in a research report on Tuesday, August 30th. Royal Bank Of Canada reduced their target price on shares of Crescent Point Energy Corp from C$25.00 to C$22.00 and set a “sector perform” rating on the stock in a research report on Wednesday. Raymond James Financial Inc. set a C$26.00 target price on shares of Crescent Point Energy Corp in a research report on Monday, June 6th. Finally, TD Securities raised shares of Crescent Point Energy Corp from a “buy” rating to an “action list buy” rating and raised their target price for the stock from C$27.00 to C$31.00 in a research report on Thursday, June 30th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Crescent Point Energy Corp presently has an average rating of “Buy” and an average target price of C$24.36.
Crescent Point Energy Corp (TSE:CPG) opened at 17.18 on Wednesday. The company’s market capitalization is $8.72 billion. The company has a 50-day moving average price of $19.69 and a 200 day moving average price of $19.95. Crescent Point Energy Corp has a 52-week low of $11.42 and a 52-week high of $24.01.
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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