Analyst Outlook for This Canada’s Energy Sector Company
In a report released today, Jordan McNiven from Tudor Pickering reiterated a Hold rating on Crescent Point Energy (CPG). The company’s shares closed last Thursday at $3.97, close to its 52-week high of $4.20.
According to TipRanks.com, McNiven is a 4-star analyst with an average return of 67.5% and a 91.7% success rate. McNiven covers the Utilities sector, focusing on stocks such as Advantage Oil & Gas, Birchcliff Energy, and ARC Resources.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Crescent Point Energy with a $4.75 average price target, which is a 16.4% upside from current levels. In a report issued on February 18, Raymond James also maintained a Hold rating on the stock with a C$5.00 price target.
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The company has a one-year high of $4.20 and a one-year low of $0.51. Currently, Crescent Point Energy has an average volume of 3.89M.
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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.