Crescent Point Energy Corp (CPG) Receives C$23.19 Average Price Target from Analysts

Crescent Point Energy Corp (TSE:CPG) (NYSE:CPG) has been assigned a consensus recommendation of “Buy” from the thirteen analysts that are currently covering the firm. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is C$23.19.

Several research analysts have recently commented on CPG shares. CIBC lifted their price target on Crescent Point Energy Corp from C$20.00 to C$22.00 in a report on Thursday, December 8th. Barclays PLC reduced their price target on Crescent Point Energy Corp from C$22.00 to C$21.00 in a report on Monday, January 23rd. Desjardins lifted their price target on Crescent Point Energy Corp from C$22.50 to C$23.50 in a report on Wednesday, December 21st. Royal Bank of Canada lifted their price target on Crescent Point Energy Corp from C$20.00 to C$21.00 in a report on Thursday, December 15th. Finally, TD Securities reiterated a “buy” rating and set a C$23.00 price target on shares of Crescent Point Energy Corp in a report on Tuesday, February 21st.

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Crescent Point Energy Corp (TSE:CPG) opened at 14.28 on Thursday. The firm’s 50-day moving average is $14.90 and its 200 day moving average is $16.53. Crescent Point Energy Corp has a one year low of $13.79 and a one year high of $24.01. The company’s market capitalization is $7.78 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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