Stifel Nicolaus analyst Cody Kwong maintained a Buy rating on Crescent Point Energy (CPG – Research Report) today and set a price target of C$16.00. The company’s shares closed today at $8.87.
According to TipRanks, Kwong is a top 100 analyst with an average return of 24.8% and a 56.63% success rate. Kwong covers the Energy sector, focusing on stocks such as Enerplus, Obsidian Energy, and Vermilion Energy.
Currently, the analyst consensus on Crescent Point Energy is a Strong Buy with an average price target of $10.68, representing a 20.47% upside. In a report released yesterday, CIBC also maintained a Buy rating on the stock with a C$15.00 price target.
The company has a one-year high of $9.07 and a one-year low of $5.96. Currently, Crescent Point Energy has an average volume of 6.2M.
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
