In a report released today, Jason Bouvier from Scotiabank maintained a Buy rating on Crescent Point Energy (CPG – Research Report), with a price target of C$16.00. The company’s shares opened today at $8.73.
Bouvier covers the Energy sector, focusing on stocks such as Crescent Point Energy, Cenovus Energy, and Baytex Energy. According to TipRanks, Bouvier has an average return of 19.2% and a 60.95% success rate on recommended stocks.
Currently, the analyst consensus on Crescent Point Energy is a Strong Buy with an average price target of $10.82, a 23.94% upside from current levels. In a report released on May 10, BMO Capital also assigned a Buy rating to the stock with a C$14.00 price target.
The company has a one-year high of $9.28 and a one-year low of $5.96. Currently, Crescent Point Energy has an average volume of 5.99M.
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.
