The Materials sector company, Crescent Point (CPG), has received a rating update from a Wall Street analyst on February 7. The company received a Hold on February 7 from Desjardins’ analyst Chris MacCulloch, with a C$6.50 price target.
According to TipRanks.com, MacCulloch ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -30.4% and a 0.0% success rate. MacCulloch covers the Basic Materials sector, focusing on stocks such as Tamarack Valley Energy Ltd, Athabasca Oil Corporation, and Freehold Royalties Ltd.
Crescent Point has an analyst consensus of Moderate Buy, with a price target consensus of C$6.75.
The company has a one-year high of C$11.81 and a one-year low of C$3.24. Currently, Crescent Point has an average volume of 5.65M.
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$3.26, close to its 52-week low of C$3.24.
