Barclays Upgrades Crescent Point Energy Corporation Ordinary Shares (Canada) to Overweight with Price Target $28.00

Brokerage firm Barclays Upgrades its rating on Crescent Point Energy Corporation Ordinary Shares (Canada)(NYSE:CPG). In a research note issued to the investors, the brokerage major Raises the price-target to $28.00 per share. The shares have been rated Overweight. Previously, the analysts had a Equal-weight rating on the shares. The rating by Barclays was issued on Jul 22, 2016.

Crescent Point Energy Corporation Ordinary Shares (Canada) (CPG) made into the market gainers list on Thursdays trading session with the shares advancing 0.77% or 0.11 points. Due to strong positive momentum, the stock ended at $14.45, which is also near the day’s high of $14.53. The stock began the session at $14.31 and the volume stood at 4,11,847 shares. The 52-week high of the shares is $18.95 and the 52 week low is $7.82. The company has a current market capitalization of $7,317 M and it has 50,63,46,620 shares in outstanding.

Crescent Point Energy Corporation Ordinary Shares (Canada)(CPG) last announced its earnings results on May 12, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $396.93M. Analysts had an estimated revenue of $495.57M. Earnings per share were $-0.01. Analysts had estimated an EPS of $-0.17.

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