Shares of Crescent Point (CPG) were revisited by a Wall Street analyst today. BMO Capital’s analyst Ray Kwan reiterates their Hold rating on the shares, with a C$5 price target.
According to TipRanks.com, Kwan is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -13.1% and a 29.4% success rate. Kwan covers the Basic Materials sector, focusing on stocks such as Tamarack Valley Energy Ltd, Paramount Resources Ltd, and Freehold Royalties Ltd.
Currently, the analyst consensus on Crescent Point is a Moderate Buy with an average price target of C$9.89.
The company has a one-year high of C$11.81 and a one-year low of C$3.70. Currently, Crescent Point has an average volume of 5.58M.
Crescent Point Energy Corp. engages in the exploration, development, and production of oil and gas properties. The firm also acquires, develops, and holds interests in petroleum and natural gas properties. It focuses on the following locations: Williston, Southwest Saskatchewan, and Uinta Basin.
The company’s shares closed on Monday at C$4.49, close to its 52-week low of C$3.70.
