Crescent Point Energy (TSE:CPG) PT Raised to C$10.00 at National Bank Financial

Crescent Point Energy (TSE:CPG) (NYSE:CPG) had its price objective lifted by National Bank Financial from C$9.50 to C$10.00 in a report published on Friday morning, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Other analysts have also recently issued research reports about the stock. Raymond James reissued a market perform rating and set a C$5.50 price target on shares of Crescent Point Energy in a research report on Friday, November 1st. BMO Capital Markets raised shares of Crescent Point Energy from a market perform rating to an outperform rating and increased their price target for the stock from C$6.00 to C$8.00 in a research report on Monday, September 16th. Finally, Royal Bank of Canada increased their price target on shares of Crescent Point Energy from C$6.00 to C$7.00 and gave the stock a sector perform rating in a research report on Wednesday, September 4th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Crescent Point Energy presently has a consensus rating of Buy and an average price target of C$7.69.

Shares of CPG opened at C$5.29 on Friday. The stock has a market capitalization of $2.95 billion and a PE ratio of -1.16. Crescent Point Energy has a 1 year low of C$3.24 and a 1 year high of C$6.30. The company has a debt-to-equity ratio of 59.16, a quick ratio of 0.46 and a current ratio of 1.63. The company’s 50-day simple moving average is C$5.25 and its 200-day simple moving average is C$4.74.

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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Analyst Recommendations for Crescent Point Energy (TSE:CPG)

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