Canaccord Genuity Lowers Crescent Point Energy (TSE:CPG) Price Target to C$7.50
Crescent Point Energy (TSE:CPG) (NYSE:CPG) had its target price reduced by equities research analysts at Canaccord Genuity from C$8.00 to C$7.50 in a research report issued to clients and investors on Tuesday, BayStreet.CA reports. Canaccord Genuity’s price target would suggest a potential upside of 68.54% from the stock’s previous close.
Other analysts also recently issued reports about the company. CIBC lifted their target price on Quebecor from C$34.00 to C$35.00 in a research report on Friday, May 10th. BMO Capital Markets reiterated a “hold” rating and set a $9.50 target price on shares of Vicon Industries in a research report on Friday, June 14th. National Bank Financial decreased their price objective on Yangarra Resources from C$5.50 to C$5.00 and set an “outperform” rating for the company in a report on Tuesday, June 25th. Finally, Raymond James restated a “buy” rating on shares of Canadian Natural Resources in a report on Friday, May 10th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of C$8.45.
Shares of TSE:CPG traded down C$0.04 on Tuesday, hitting C$4.45. 2,073,675 shares of the company’s stock were exchanged, compared to its average volume of 5,019,961. Crescent Point Energy has a 12 month low of C$3.24 and a 12 month high of C$10.31. The company has a market capitalization of $2.46 billion and a PE ratio of -0.98. The stock’s 50 day simple moving average is C$4.31. The company has a debt-to-equity ratio of 66.23, a current ratio of 0.59 and a quick ratio of 0.44.
Crescent Point Energy Company Profile
Crescent Point Energy Corp. explores, develops, and produces light and medium crude oil and natural gas reserves in Western Canada and the United States. The company's 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, and Utah.
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