Crescent Point Energy Corporation (CPG) Receives Price Target

Crescent Point Energy Corporation (CPG) : The highest level Crescent Point Energy Corporation (CPG) is projected to reach is $23 for the short term and the lowest estimate is at $13. The consolidated price target from 6 rating analysts who initiate coverage on the stock is $19.31 and the possibility the share price can swing is $3.27.

Crescent Point Energy Corporation (CPG) : 2 brokerage houses believe that Crescent Point Energy Corporation (CPG) is a Strong Buy at current levels. 3 Analyst considers the fundamentals to be worthy of a Buy recommendation. Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 5 Wall Street Analysts endorse the stock as a Buy with a rating of 1.6.


Also, In a research note released to the investors, Barclays upgrades its rating on Crescent Point Energy Corporation (NYSE:CPG).The analysts at the brokerage house have a current rating of Overweight on the shares. Earlier, the shares were rated a Equal-weight by the brokerage firm. In a recent information released to the investors, Barclays raises the new price target from $23 per share to $28 per share. The rating by the firm was issued on July 22, 2016.

Crescent Point Energy Corporation (NYSE:CPG): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $15.00 and $14.91 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $15.27. The buying momentum continued till the end and the stock did not give up its gains. It closed at $15.14, notching a gain of 0.26% for the day. The total traded volume was 654,562 . The stock had closed at $15.10 on the previous day.

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