Stifel Nicolaus analyst Cody Kwong 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 $7.53.
According to TipRanks, Kwong is a 5-star analyst with an average return of 23.4% and a 52.44% success rate. Kwong covers the Energy sector, focusing on stocks such as Enerplus, Obsidian Energy, and Tamarack Valley Energy.
Currently, the analyst consensus on Crescent Point Energy is a Strong Buy with an average price target of $9.82, representing a 30.41% upside. In a report released on March 1, Scotiabank also maintained a Buy rating on the stock with a C$12.00 price target.
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CPG market cap is currently $4.69B and has a P/E ratio of 9.67.
Based on the recent corporate insider activity of 28 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.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
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