Crescent Point Energy (TSE:CPG) (NYSE:CPG)‘s stock had its “outperform” rating reaffirmed by investment analysts at National Bank Financial in a report issued on Monday, BayStreet.CA reports. They presently have a C$9.50 price objective on the stock. National Bank Financial’s price target points to a potential upside of 87.38% from the company’s previous close.
Several other brokerages have also issued reports on CPG. Canaccord Genuity reduced their price target on Crescent Point Energy from C$8.00 to C$7.50 in a report on Tuesday, July 9th. BMO Capital Markets upgraded Crescent Point Energy from a “market perform” rating to an “outperform” rating and lifted their price target for the company from C$6.00 to C$8.00 in a report on Monday, September 16th. Royal Bank of Canada lifted their price target on Crescent Point Energy from C$6.00 to C$7.00 and gave the company a “sector perform” rating in a report on Wednesday, September 4th. Finally, Raymond James reiterated a “market perform” rating and set a C$7.00 price target on shares of Crescent Point Energy in a report on Wednesday, September 4th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of C$7.81.
TSE:CPG opened at C$5.07 on Monday. The company has a debt-to-equity ratio of 58.69, a current ratio of 0.59 and a quick ratio of 0.44. Crescent Point Energy has a fifty-two week low of C$3.24 and a fifty-two week high of C$6.91. The stock’s 50-day moving average is C$5.37 and its two-hundred day moving average is C$4.74. The stock has a market cap of $2.75 billion and a PE ratio of -1.29.
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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