Crescent Point Energy (TSE:CPG) Has Just Had Its PT Downgraded by Equity Analysts at National Bank Financial to $25.00


Analysis: Crescent Point Energy (TSE:CPG) Upside Target Change Today

In an analyst research report issued to investors and clients by National Bank Financial on Thursday morning, the firm, Crescent Point Energy (TSE:CPG), had their target price cut to $25.00. Analusts now have a solid “Outperform” rating on the stock.

From a total of 22 analysts covering Crescent Point Energy (TSE:CPG) stock, 19 rate it a ”Buy”, 0 a “Sell”, and 3 a ”Hold”. This means that 86% of the ratings are positive. The highest target price is $22.44 while the lowest target price is $14.21. The mean of all analyst targets is $18.56 with a 52.46% above today’s ($17.71) stock price. Crescent Point Energy was the topic of 21 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. National Bank Canada maintained shares on November 6 with “Outperform” rating. UBS downgraded CPG stock in a recent report from August 14 to “Neutral” rating.

Approximately 1.42M shares of stock traded hands. Crescent Point Energy Corp (TSE:CPG) has declined 44.14% since April 30, 2015 and is downtrending. It has underperformed by 43.86% the S&P500.

Crescent Point Energy (TSE:CPG) Has Just Had Its PT Downgraded by Equity Analysts at National Bank Financial to $25.00

Crescent Point Energy Corp. is a Canada gas and oil exploration, development and production company. The company has a market cap of $8.94 billion. The Firm is an gas and oil producer with assets comprising light and medium oil and natural gas reserves in Western Canada and the United States. It currently has negative earnings. The Company’s primary assets are the shares in Crescent Point Holdings Inc. (CPHI), interest in the Partnership (CPHI and the Company) and shares in Crescent Point U.S.

According to Zacks Investment Research, “Crescent Point Energy Corp. is engaged in the acquisition, exploration and development of oil and natural gas properties in Western Canada. The Company’s operations consist of light and medium oil and natural gas assets strategically focused in core areas in southern Saskatchewan and central and southern Alberta. Crescent Point Energy Corp., formerly known as Crescent Point Energy Trust, is headquartered in Calgary, Canada.” Get a free copy of the Zacks research report on Crescent Point Energy Corp (CPG).