Canaccord Genuity Sticks to Its Hold Rating for Crescent Point Energy (CPG)

Canaccord Genuity analyst Anthony Petrucci reiterated a Hold rating on Crescent Point Energy (CPG) on October 29 and set a price target of C$2.25. The company’s shares closed last Friday at $1.25.

According to, Petrucci is ranked 0 out of 5 stars with an average return of -22.0% and a 23.9% success rate. Petrucci covers the Utilities sector, focusing on stocks such as Tamarack Valley Energy, PrairieSky Royalty, and Whitecap Resources.

The word on The Street in general, suggests a Hold analyst consensus rating for Crescent Point Energy with a $1.96 average price target, which is a 60.7% upside from current levels. In a report issued on October 29, RBC Capital also maintained a Hold rating on the stock with a C$2.75 price target.

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The company has a one-year high of $4.84 and a one-year low of $0.51. Currently, Crescent Point Energy has an average volume of 2.12M.

Based on the recent corporate insider activity of 51 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CPG in relation to earlier this year.

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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.

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