Crescent Point Energy Corp (TSE:CPG) had its price objective reduced by Royal Bank Of Canada from C$25.00 to C$22.00 in a research report released on Wednesday morning, StockTargetPrices.com reports. They currently have a sector perform rating on the stock.
Several other research analysts also recently commented on CPG. 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. Desjardins set a C$26.00 price target on shares of Crescent Point Energy Corp in a report on Tuesday, June 28th. TD Securities raised shares of Crescent Point Energy Corp from a buy rating to an action list buy rating and increased their price target for the company from C$27.00 to C$31.00 in a report on Thursday, June 30th. Barclays PLC increased their price target on shares of Crescent Point Energy Corp from C$23.00 to C$28.00 and gave the company an overweight rating in a report on Friday, July 22nd. Finally, AltaCorp Capital increased their price target on shares of Crescent Point Energy Corp from C$25.00 to C$26.00 in a report on Friday, August 12th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus target price of C$24.36.
Shares of Crescent Point Energy Corp (TSE:CPG) opened at 16.78 on Wednesday. The firm’s 50-day moving average price is $19.51 and its 200 day moving average price is $19.96. Crescent Point Energy Corp has a 52-week low of $11.42 and a 52-week high of $24.01. The company’s market capitalization is $8.52 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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