Tudor, Pickering, Holt on Tuesday reiterated its buy rating on the shares of Crescent Point Energy and its C$14.00 price target after the company agreed to acquire Hammerhead Energy for C$2.55.
Crescent Point Energy on Thursday said it agreed to sell its North Dakota oil properties to a private company for US$500 million in cash.
The company said the assets produced 23,500 barrels of.
Tudor, Pickering, Holt on Tuesday reiterated its buy rating on the shares of Crescent Point Energy while trimming its price target to C$12.00 from C$13.00 as its updated its estimates for the oil.