In a report released on April 29, Michael Harvey from RBC Capital maintained a Buy rating on Crescent Point Energy (CPG – Research Report), with a price target of C$13.00. The company’s shares closed yesterday at $8.81.
According to TipRanks, Harvey is a top 100 analyst with an average return of 20.6% and a 58.28% success rate. Harvey covers the Energy sector, focusing on stocks such as Crescent Point Energy, ARC Resources, and Advantage Energy.
Currently, the analyst consensus on Crescent Point Energy is a Strong Buy with an average price target of $10.73, representing a 21.79% upside. In a report released on April 23, Stifel Nicolaus also maintained a Buy rating on the stock with a C$16.00 price target.
CPG market cap is currently $5.61B and has a P/E ratio of 11.71.
Based on the recent corporate insider activity of 38 insiders, corporate insider sentiment is neutral on the stock.
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Crescent Point Energy (CPG) Company Description:
Crescent Point Energy Corp. engages in the exploration, development, and production of oil and gas properties. It focuses on the following locations: Viewfield Bakken, Shaunavon, Flat Lake, Duvernay, and Uinta Basin. The company was founded on April 20, 1994 and is headquartered in Calgary, Canada.
Read More on CPG:
- Crescent Point Energy price target raised to C$19 from C$14 at National Bank
- Largest borrow rate increases among liquid names
- Crescent Point Energy price target raised to C$16 from C$12 at Scotiabank
- Crescent Point Plans Virtual Shareholder Meeting
- Crescent Point Energy price target raised to C$14.50 from C$14 at Stifel
