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

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Analysts have been eager to weigh in on the Utilities sector with new ratings on Callon (CPEResearch Report), Northland Power (NPIFFResearch Report) and Crescent Point Energy (CPGResearch 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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