Scotiabank Reaffirms Outperform Rating for Crescent Point Energy Corp (CPG)

Crescent Point Energy

Crescent Point Energy

Crescent Point Energy Corp (TSE:CPG) (NYSE:CPG) will be issuing its quarterly earnings data before the market opens on Thursday, February 23rd. They now have a C$27.50 price objective on the stock.

A number of research firms recently issued reports on CPG. CIBC boosted their price target on Crescent Point Energy Corp from C$20.00 to C$22.00 in a report on Thursday, December 8th.

At the moment 17 analysts are watching Crescent Point Energy Corporation (NASDAQ:CPG), 1 rate it "Buy", 13 "Outperform", 3 "Underperform", 0 "Sell", while 0 "Hold". The firm's market capitalization is $8.52 billion. CSFB decreased their price target on Crescent Point Energy Corp from C$23.00 to C$20.00 in a report on Monday, October 24th. Desjardins upped their price objective on Crescent Point Energy Corp from C$22.50 to C$23.50 in a report on Wednesday, December 21st. Crescent Point Energy has recorded a 50-day average of $15.77 and a two hundred day average of $17.36. The company has a consensus rating of "Buy" and a consensus target price of C$22.90.

The biggest institutional shareholders in Crescent Point Energy Corporation include Royal Bank Of Canada which owns 40 million shares in the company valued at $525.05 million. Crescent Point Energy Corporation (NASDAQ:CPG) has fallen 14.12% over the past 6 months and is downtrending. If you are accessing this article on another publication, it was copied illegally and reposted in violation of global trademark & copyright laws. The correct version of this piece of content can be viewed at [[permalink]].

The oil and gas producer - whose core operations are in southwest Saskatchewan, the Williston Basin and the Uinta Basin in the United States - said total average production fell to 165,097 barrels of oil equivalent per day (boe/d) from 176,108 boe/d in the fourth quarter. BlackRock Advisors LLC is the second biggest holder with 26 million shares now valued at 305.65 million whilst BMO Asset Management Inc has 14 million shares valued at 188.84 million.