Analysts Set Crescent Point Energy Corp (TSE:CPG) Target Price at C$7.07
Crescent Point Energy Corp (TSE:CPG) (NYSE:CPG) has been assigned an average rating of “Buy” from the eight research firms that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is C$7.07.
CPG has been the topic of a number of recent analyst reports. CIBC raised shares of Crescent Point Energy from a “neutral” rating to an “outperform” rating in a research report on Friday, May 10th. Raymond James set a C$7.00 price target on shares of Crescent Point Energy and gave the company a “market perform” rating in a research report on Friday, July 26th. BMO Capital Markets dropped their price target on shares of Crescent Point Energy from C$6.00 to C$5.50 in a research report on Friday, June 14th. Canaccord Genuity dropped their price target on shares of Crescent Point Energy from C$8.00 to C$7.50 in a research report on Tuesday, July 9th. Finally, Royal Bank of Canada dropped their price target on shares of Crescent Point Energy from C$7.00 to C$6.00 in a research report on Thursday, July 18th.
Shares of CPG traded down C$0.12 during trading hours on Friday, reaching C$4.01. 3,136,900 shares of the stock traded hands, compared to its average volume of 4,737,760. The company has a current ratio of 0.59, a quick ratio of 0.44 and a debt-to-equity ratio of 58.69. The stock has a fifty day simple moving average of C$4.11 and a 200 day simple moving average of C$4.40. Crescent Point Energy has a 52 week low of C$3.24 and a 52 week high of C$8.62. The company has a market cap of $2.20 billion and a price-to-earnings ratio of -1.02.
Crescent Point Energy Company Profile
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, Montana, and Utah.
Read More: What are municipal bonds?
Receive News & Ratings for Crescent Point Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crescent Point Energy and related companies with MarketBeat.com's FREE daily email newsletter.