Crescent Point Energy (TSE:CPG) Rating Reiterated by CIBC

Crescent Point Energy (TSE:CPG) (NYSE:CPG)‘s stock had its “outperform” rating reaffirmed by equities research analysts at CIBC in a note issued to investors on Monday, Stock Target Advisor reports. They presently have a C$9.00 price objective on the stock. CIBC’s target price would indicate a potential upside of 79.64% from the company’s current price.

CPG has been the topic of several other reports. Scotiabank upped their price target on Crescent Point Energy from C$6.00 to C$6.75 in a research report on Wednesday, June 9th. Royal Bank of Canada reissued an “outperform” rating and set a C$7.50 price target on shares of Crescent Point Energy in a research report on Thursday, July 29th. Tudor Pickering reissued a “hold” rating and set a C$6.00 price target on shares of Crescent Point Energy in a research report on Wednesday, July 28th. Tudor Pickering & Holt set a C$6.00 target price on Crescent Point Energy and gave the stock a “buy” rating in a research report on Thursday, July 8th. Finally, ATB Capital upped their target price on Crescent Point Energy from C$6.75 to C$7.00 in a research report on Tuesday, June 8th. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of C$7.54.

Shares of TSE CPG opened at C$5.01 on Monday. The company has a market cap of C$2.92 billion and a price-to-earnings ratio of 1.29. Crescent Point Energy has a 12 month low of C$1.41 and a 12 month high of C$5.87. The company has a quick ratio of 0.34, a current ratio of 0.46 and a debt-to-equity ratio of 49.85. The business has a fifty day simple moving average of C$4.44 and a 200-day simple moving average of C$4.93.

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 and Montana.

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Analyst Recommendations for Crescent Point Energy (TSE:CPG)

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