Raymond James analyst Jeremy Mccrea maintained a Buy rating on Crescent Point Energy (CPG – Research Report) today and set a price target of C$14.00. The company’s shares opened today at $6.34.
Mccrea covers the Energy sector, focusing on stocks such as Obsidian Energy, Crescent Point Energy, and Whitecap Resources. According to TipRanks, Mccrea has an average return of 10.8% and a 46.34% success rate on recommended stocks.
Crescent Point Energy has an analyst consensus of Strong Buy, with a price target consensus of $10.01, representing a 57.89% upside. In a report released on January 16, Scotiabank also maintained a Buy rating on the stock with a C$12.00 price target.
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The company has a one-year high of $8.45 and a one-year low of $5.39. Currently, Crescent Point Energy has an average volume of 4.47M.
Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CPG in relation to earlier this year.
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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 lowered to C$14 from C$15 at CIBC
- Crescent Point Energy price target lowered to C$12 from C$14 at Scotiabank
- Crescent Point Energy price target lowered to C$14 from C$19 at National Bank
- Crescent Point Energy price target lowered to C$15.50 from C$16 at Stifel
- Crescent Point Energy price target lowered to C$12 from C$13 at BMO Capital
