Scotiabank analyst Jason Bouvier maintained a Buy rating on Crescent Point Energy (CPG – Research Report) today and set a price target of C$12.00. The company’s shares closed yesterday at $7.90.
According to TipRanks, Bouvier is a 5-star analyst with an average return of 19.1% and a 61.56% success rate. Bouvier covers the Energy sector, focusing on stocks such as Cenovus Energy, Crescent Point Energy, and Enerplus.
Currently, the analyst consensus on Crescent Point Energy is a Strong Buy with an average price target of $9.80, implying a 24.05% upside from current levels. In a report released yesterday, BMO Capital also initiated coverage with a Buy rating on the stock with a C$13.00 price target.
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The company has a one-year high of $8.36 and a one-year low of $5.96. Currently, Crescent Point Energy has an average volume of 5.52M.
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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.
