RBC Capital analyst Michael Harvey maintained a Buy rating on Crescent Point Energy (CPG – Research Report) on March 18 and set a price target of C$13.00. The company’s shares closed yesterday at $7.94.
Harvey covers the Energy sector, focusing on stocks such as ARC Resources, Crescent Point Energy, and Advantage Energy. According to TipRanks, Harvey has an average return of 18.9% and a 53.56% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Crescent Point Energy with a $9.88 average price target, a 24.43% upside from current levels. In a report released on March 4, Stifel Nicolaus also maintained a Buy rating on the stock with a C$14.00 price target.
See Insiders’ Hot Stocks on TipRanks >>
Based on Crescent Point Energy’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $657.7 million and a net profit of $951.2 million. In comparison, last year the company earned a revenue of $564.6 million and had a GAAP net loss of $977.5 million
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.
Read More on CPG:
- Crescent Point Energy approved for normal course issuer bid
- Crescent Point Completes Key Annual Filings
- Crescent Point Energy’s Strong 2023 Financial Performance
- Crescent Point Energy sees FY24 capital expenditures C$1.4B-C$1.5B
- Crescent Point Energy reports Q4 adjusted EPS C$0.34 vs. C$0.38 last year
