Positive Bumps Ladies and Gents ,
we are getting positive bumps from most analysts. Here's another ,
For your leisurely read , Glta Lash.
Globe says Stifel's Kwong keeps Crescent Point at buy"
Crescent Point Energy Corp (C:CPG)
Shares Issued 619,949,490
Last Close 3/21/2024 $10.73
Friday March 22 2024 - In the News
The Globe and Mail reports in its Friday edition that Stifel's Cody Kwong continues to rate Crescent Point Energy "buy." The Globe's David Leeder writes in the Eye On Equities column that Mr. Kwong gave his share target a 50-cent boost to $14.50. Analysts on average target the shares at $12.93. Mr. Kwong says in a note: "We expect headlines emerging from the Crescent Point Investor Day will largely focus on the name change to Veren Inc. (Latin reference to 'truth' and 'energy'). However, not lost on us, was the technical, operational, strategic and fiscal improvements the company highlighted in the presentation that truly warrant the celebration of the transformation delivered by this team over the past six years and excitement around its blueprint and targets ahead. While we make no formal changes to our outlook in this update, we come away with a better appreciation of its core assets and the level of detail/focus and shareholder return upside laid out in its five-year plan." The Globe reported on March 6, 2023, that Mr. Kwong rated Crescent Point "buy." It was then worth $9.87. The Globe reported on Jan. 11, 2024, that analysts at National Bank continued to rate Crescent Point "outperform." It was then worth $8.79.
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