In a report issued on September 5, David Popowich from CIBC reiterated a Buy rating on Crescent Point Energy (CPG), with a price target of $7.50. The company’s shares closed last Monday at $3.91.
According to TipRanks.com, Popowich is ranked 0 out of 5 stars with an average return of -5.4% and a 39.8% success rate. Popowich covers the Basic Materials sector, focusing on stocks such as Painted Pony Petroleum Ltd, Tamarack Valley Energy Ltd, and Obsidian Energy Ltd.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Crescent Point Energy with a $5.16 average price target.
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Based on Crescent Point Energy’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $148 million. In comparison, last year the company had a GAAP net loss of $129 million.
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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.
