CIBC analyst Dennis Fong maintained a Buy rating on Crescent Point Energy (CPG – Research Report) today and set a price target of C$15.00. The company’s shares closed today at $8.69.
According to TipRanks, Fong is a 4-star analyst with an average return of 4.3% and a 49.03% success rate. Fong covers the Energy sector, focusing on stocks such as Baytex Energy, Canadian Natural, and Cenovus Energy.
Currently, the analyst consensus on Crescent Point Energy is a Strong Buy with an average price target of $10.46, a 20.44% upside from current levels. In a report released on April 19, National Bank also maintained a Buy rating on the stock with a C$19.00 price target.
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
Based on the recent corporate insider activity of 40 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.
Read More on CPG:
- Crescent Point Energy price target raised to C$19 from C$14 at National Bank
- Largest borrow rate increases among liquid names
- Crescent Point Energy price target raised to C$16 from C$12 at Scotiabank
- Crescent Point Plans Virtual Shareholder Meeting
- Crescent Point Energy price target raised to C$14.50 from C$14 at Stifel
