Crescent Point Energy (TSE:CPG) Given a C$7.00 Price Target at Raymond James
Crescent Point Energy (TSE:CPG) (NYSE:CPG) has been assigned a C$7.00 target price by stock analysts at Raymond James in a research report issued on Friday, BayStreet.CA reports. The brokerage currently has a “market perform” rating on the stock. Raymond James’ price target would indicate a potential upside of 68.67% from the company’s previous close.
A number of other equities research analysts also recently commented on the company. National Bank Financial decreased their target price 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. Canaccord Genuity reaffirmed a “buy” rating and set a $7.50 target price on shares of in a report on Tuesday, July 9th. BMO Capital Markets reaffirmed a “hold” rating and set a $9.50 target price on shares of Vicon Industries in a report on Friday, June 14th. CIBC lifted their target price on Quebecor from C$34.00 to C$35.00 in a report on Friday, May 10th. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $2.50 price target on shares of in a report on Thursday, July 18th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Crescent Point Energy presently has a consensus rating of “Buy” and a consensus price target of C$7.13.
TSE CPG traded up C$0.06 during trading on Friday, hitting C$4.15. The company’s stock had a trading volume of 635,613 shares, compared to its average volume of 4,859,955. The company has a current ratio of 0.59, a quick ratio of 0.44 and a debt-to-equity ratio of 58.69. The company has a market capitalization of $2.24 billion and a P/E ratio of -1.05. The firm’s 50 day moving average is C$4.17. Crescent Point Energy has a fifty-two week low of C$3.24 and a fifty-two week high of C$8.92.
About Crescent Point Energy
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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