Shares of Crescent Point (CPG) were revisited by a Wall Street analyst yesterday. Analyst Chris Cox from Raymond James rated Crescent Point (CPG) a Hold, setting a C$6 price target.
According to TipRanks.com, Cox is a 1-star analyst with an average return of -1.6% and a 45.6% 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$10.09 average price target.
Based on Crescent Point’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of C$911 million and net profit of C$30.5 million. In comparison, last year the company had a GAAP net loss of C$271 million.
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 Thursday at C$4.47, close to its 52-week low of C$3.80.
