Crescent Point Energy Corp (TSE:CPG) Receives C$24.36 Consensus Target Price from Analysts
Crescent Point Energy Corp (TSE:CPG) has received an average rating of “Buy” from the fourteen research firms that are covering the stock. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is C$24.36.
CPG has been the topic of a number of research analyst reports. AltaCorp Capital increased their price objective on shares of Crescent Point Energy Corp from C$25.00 to C$26.00 in a report on Friday, August 12th. Desjardins set a C$26.00 target price on shares of Crescent Point Energy Corp in a research note on Tuesday, June 28th. 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 company from C$27.00 to C$31.00 in a research note on Thursday, June 30th. Dundee Securities raised their target price on shares of Crescent Point Energy Corp from C$24.00 to C$24.50 and gave the company a “neutral” rating in a research note on Friday, September 9th. Finally, Scotiabank reaffirmed an “outperform” rating and issued a C$27.50 target price on shares of Crescent Point Energy Corp in a research note on Wednesday, September 21st.
Crescent Point Energy Corp (TSE:CPG) opened at 18.12 on Tuesday. The stock’s market capitalization is $9.20 billion. Crescent Point Energy Corp has a 12 month low of $11.42 and a 12 month high of $24.01. The company’s 50-day moving average is $18.67 and its 200-day moving average is $19.89.
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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