Today, an analyst has provided a rating update for the Materials sector company, Crescent Point (CPG). The company received a Hold rating from Raymond James’ analyst Chris Cox, with a C$6 price target.
According to TipRanks.com, Cox is a 1-star analyst with an average return of -0.8% and a 49.1% success rate. Cox covers the Basic Materials sector, focusing on stocks such as Athabasca Oil Corporation, Pengrowth Energy Corp, and Crescent Point Energy.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Crescent Point with a C$7.32 average price target, representing a 69.1% upside. In a report issued on January 7, BMO Capital also reiterated a Hold rating on the stock with a C$5 price target.
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Crescent Point’s market cap is currently C$2.44B and has a P/E ratio of 0. The company has a Price to Book ratio of 0.27.
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 Wednesday at C$4.33, close to its 52-week low of C$3.70.
