Crescent Point Energy (TSE:CPG) PT Set at C$6.00 by Tudor Pickering & Holt

Crescent Point Energy (TSE:CPG) (NYSE:CPG) received a C$6.00 target price from equities researchers at Tudor Pickering & Holt in a report released on Monday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Tudor Pickering & Holt’s price objective points to a potential upside of 19.76% from the stock’s current price.

Other equities research analysts also recently issued research reports about the company. BMO Capital Markets upped their target price on Crescent Point Energy from C$7.00 to C$8.00 and gave the stock a “na” rating in a research report on Monday, June 21st. Royal Bank of Canada reiterated an “outperform” rating and set a C$7.50 price objective on shares of Crescent Point Energy in a research note on Thursday, July 29th. Raymond James set a C$6.00 price target on shares of Crescent Point Energy and gave the company a “market perform” rating in a report on Friday, July 30th. Tudor Pickering reiterated a “buy” rating and issued a C$6.00 price objective on shares of Crescent Point Energy in a report on Monday. Finally, Scotiabank raised their target price on Crescent Point Energy from C$6.00 to C$6.75 in a research note on Wednesday, June 9th. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, Crescent Point Energy presently has a consensus rating of “Buy” and a consensus target price of C$7.54.

TSE CPG opened at C$5.01 on Monday. The company has a debt-to-equity ratio of 49.85, a quick ratio of 0.34 and a current ratio of 0.46. Crescent Point Energy has a one year low of C$1.41 and a one year high of C$5.87. The company’s 50 day moving average price is C$4.44 and its 200 day moving average price is C$4.93. The firm has a market capitalization of C$2.92 billion and a price-to-earnings ratio of 1.29.

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 and Montana.

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Analyst Recommendations for Crescent Point Energy (TSE:CPG)

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