BMO Rating 11:21 AM EST, 11/16/2022 (MT Newswires) -- BMO Capital Markets on Wednesday reiterated its outperform rating on the shares of Crescent Point Energy (CPG.TO) and its C$13.00 price target after meeting with the oil and gas producer's management. "BMO Capital Markets hosted Crescent Point's CEO Craig Bryksa and Investor Relations Manager Sarfraz Somani last week where the company focused on its shareholder returns, operational performance in the Kaybob Duvernay, financial position, and 5-year outlook," analyst Randy Ollenberger wrote. "We believe that the shares are undervalued and could re-rate, as Crescent Point continues to execute on delevering its balance sheet, enhancing operational efficiencies, and increasing returns to shareholders. We maintain our Outperform rating and $13 target price."
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Price: 11.16, Change: -0.24, Percent Change: -2.11
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