Crescent Point Energy Corp (TSE:CPG) had its target price lowered by CIBC from C$26.00 to C$22.00 in a research note released on Wednesday. The brokerage currently has a sector outperform rating on the stock.
A number of other equities research analysts have also weighed in on the stock. 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. Desjardins set a C$26.00 price target on shares of Crescent Point Energy Corp in a report on Tuesday, June 28th. Barclays PLC set a C$26.00 price objective on shares of Crescent Point Energy Corp and gave the stock an outperform rating in a report on Tuesday, August 30th. Royal Bank Of Canada decreased their price objective on shares of Crescent Point Energy Corp from C$25.00 to C$22.00 and set a sector perform rating for the company in a report on Wednesday, September 21st. Finally, Raymond James Financial Inc. set a C$26.00 price objective on shares of Crescent Point Energy Corp in a report on Monday, June 6th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the 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 16.81 on Wednesday. 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 $19.60 and its 200 day moving average is $19.93. The stock’s market capitalization is $8.53 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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