A report released earlier today by TD Securities about Crescent Point Energy (TSE:CPG) bumps down the target price to $28.00
- Updated: September 21, 2016
Yesterday Crescent Point Energy (TSE:CPG) traded 3.28% higher at $17.07. CPG’s 50-day average is $19.78 and its two hundred day average is $19.99. With the last close down -15.04% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same period. Volume of trade was down over the average, with 2,010,517 shares of CPG changing hands under the typical 2,064,950
Crescent Point Energy (TSE:CPG) had its price target bumped down to $28.00 by TD Securities in an issued report announced 09/21/2016. The latest target price indicates a possible upside of 0.64% based on the company's most recent close.
Previously on 09/09/2016, Dundee Securities reported on Crescent Point Energy (TSE:CPG) increased the target price from $24.00 to $24.50 that suggested an upside of 0.34%.
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Crescent Point Energy has a 52 week low of $11.42 and a 52 week high of $24.01 Crescent Point Energy’s market capitalization is presently $0.
A total of 18 brokerages have issued a research note on the company. Four brokerages rating the company a strong buy, ten equity analysts rating the company a buy, 4 brokers rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 equity analysts rating the company a sell with a one year target of $20.01.
General Company Details For Crescent Point Energy (TSE:CPG)
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. Holdings Corp. (CPUSH) and indirectly, in Crescent Point Energy U.S. Corp. (CPEUS). Its 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, Colorado and Utah. The Company's properties in Canada include Viewfield Bakken Resource Play, Flat Lake Torquay and Bakken Resource Plays, Shaunavon Resource Play, Swan Hills Beaverhill Lake Resource Play and Saskatchewan Viking Light Oil Resource Play. Its properties in the United States include the Utah Uinta Basin Resource Play.
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