Crescent Point Energy (TSE:CPG) target price raised to $24.00, reported today by Desjardins Securities
- Updated: September 21, 2016
Crescent Point Energy (TSE:CPG) had its target price raised to $24.00 by Desjardins Securities in a report released 09/21/2016. The new target price indicates a possible upside of 0.41% based on the company's last stock close price.
Previously on 09/09/2016, Dundee Securities reported about Crescent Point Energy (TSE:CPG) raised the target price from $24.00 to $24.50. At the time, this indicated a possible upside of 0.34%.
Yesterday Crescent Point Energy (TSE:CPG) traded 3.28% higher at $17.07. The company’s 50-day moving average is $19.78 and its 200-day moving average is $19.99. The last stock close price is down -15.04% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 2,010,517 shares of the stock were exchanged, down from an average trading volume of 2,064,950
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Crescent Point Energy has a 52 week low of $11.42 and a 52 week high of $24.01 The company’s market cap is currently $0.
In addition to Desjardins Securities reporting its target price, a total of 18 firms have reported on the stock. The consensus target price is $20.01 with 4 firms rating the stock a strong buy, 10 firms rating the stock a buy, 4 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
About 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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