Scotia Capital announced Crescent Point Energy (TSE:CPG), boosting its stock price target to $27.50 today
- Updated: September 21, 2016
Just yesterday Crescent Point Energy (TSE:CPG) traded 3.28% higher at $17.07. Crescent Point Energy’s 50-day moving average is $19.78 and its 200-day moving average is $19.99. The last stock price is 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 time period. 2,010,517 shares of CPG traded hands, down from an average trading volume of 2,064,950
In a report released on 09/21/2016 Scotia Capital increased the stock price target of Crescent Point Energy (TSE:CPG) to $27.50 reporting a possible upside of 0.61%.
Previously on 9/9/2016, Dundee Securities released a statement about Crescent Point Energy (TSE:CPG) increased the target price from $24.00 to $24.50. At the time, this indicated a possible upside of 0.34%.
Recent Performance Chart
Crescent Point Energy has 52 week low of $11.42 and a 52 week high of $24.01 and has a market capitalization of $0.
In addition to Scotia Capital reporting its stock price target, a total of 18 brokerages have issued a ratings update on the company. The average stock price target is $20.01 with 4 brokerages rating the stock a strong buy, 10 brokerages rating the stock a buy, 4 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
Brief Synopsis On 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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