Analysts Offer Insights on Utilities Companies: Callon (CPE), Northland Power (OtherNPIFF) and Crescent Point Energy (CPG)

Analysts have been eager to weigh in on the Utilities sector with new ratings on Callon (CPE – Research Report), Northland Power (NPIFF – Research Report) and Crescent Point Energy (CPG – Research Report).

Callon (CPE)

In a report issued on May 12, Scott Hanold from RBC Capital maintained a Hold rating on Callon, with a price target of $75.00. The company’s shares closed last Friday at $46.38.

According to TipRanks.com, Hanold is a top 100 analyst with an average return of 25.6% and a 62.6% success rate. Hanold covers the Utilities sector, focusing on stocks such as Centennial Resource Development, Whiting Petroleum Corporation, and California Resources Corp.

Currently, the analyst consensus on Callon is a Moderate Buy with an average price target of $88.00, representing a 93.9% upside. In a report issued on May 5, Siebert Williams Shank & Co also maintained a Hold rating on the stock with a $75.00 price target.

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Northland Power (NPIFF)

In a report issued on May 12, Nelson Ng from RBC Capital maintained a Hold rating on Northland Power, with a price target of C$43.00. The company’s shares closed last Friday at $29.74.

According to TipRanks.com, Ng is ranked #349 out of 7855 analysts.

Currently, the analyst consensus on Northland Power is a Strong Buy with an average price target of $35.45.

Crescent Point Energy (CPG)

RBC Capital analyst Michael Harvey maintained a Buy rating on Crescent Point Energy on May 12 and set a price target of C$12.00. The company’s shares closed last Friday at $7.12, close to its 52-week high of $7.98.

According to TipRanks.com, Harvey is a 5-star analyst with an average return of 23.3% and a 52.2% success rate. Harvey covers the Utilities sector, focusing on stocks such as Paramount Resources, Birchcliff Energy, and Advantage Energy.

Currently, the analyst consensus on Crescent Point Energy is a Strong Buy with an average price target of $11.19, a 61.2% upside from current levels. In a report released yesterday, BMO Capital also maintained a Buy rating on the stock with a $15.00 price target.

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