Crescent Point Energy (CPG) Receives a Hold from RBC Capital


RBC Capital analyst Michael Harvey maintained a Hold rating on Crescent Point Energy (CPG) today and set a price target of C$2.75. The company’s shares closed last Monday at $1.66.

According to TipRanks.com, Harvey is a 1-star analyst with an average return of -1.6% and a 42.6% success rate. Harvey covers the Utilities sector, focusing on stocks such as Painted Pony Petroleum, Advantage Oil & Gas, and Paramount Resources.

Crescent Point Energy has an analyst consensus of Moderate Buy, with a price target consensus of $1.58.

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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 2.55M.

Based on the recent corporate insider activity of 46 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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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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