Crescent Point Energy (NYSE:CPG – Get Rating) (TSE:CPG) had its price objective increased by equities research analysts at National Bank Financial from C$20.00 to C$23.00 in a report released on Thursday, The Fly reports.
A number of other research analysts also recently weighed in on the company. Scotiabank upgraded Crescent Point Energy from a “sector perform” rating to a “sector outperform” rating in a research note on Wednesday, June 8th. CIBC increased their price objective on shares of Crescent Point Energy from C$13.50 to C$16.00 in a research note on Wednesday. Finally, StockNews.com assumed coverage on Crescent Point Energy in a research note on Thursday, March 31st. They issued a “buy” rating for the company. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Crescent Point Energy has an average rating of “Buy” and a consensus target price of $14.50.
CPG traded down $0.48 during trading on Thursday, reaching $8.70. 680,748 shares of the stock traded hands, compared to its average volume of 9,821,683. The stock has a market cap of $4.95 billion, a price-to-earnings ratio of 1.80 and a beta of 2.31. Crescent Point Energy has a fifty-two week low of $2.75 and a fifty-two week high of $10.96. The stock’s 50-day simple moving average is $7.96 and its two-hundred day simple moving average is $6.85. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.46 and a quick ratio of 0.46.
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Crescent Point Energy (NYSE:CPG – Get Rating) (TSE:CPG) last released its quarterly earnings data on Thursday, May 12th. The oil and gas producer reported $0.32 earnings per share for the quarter. Crescent Point Energy had a return on equity of 11.72% and a net margin of 96.84%. The company had revenue of $772.43 million for the quarter. Research analysts anticipate that Crescent Point Energy will post 3.06 earnings per share for the current fiscal year.
A number of large investors have recently added to or reduced their stakes in CPG. Lindbrook Capital LLC boosted its holdings in shares of Crescent Point Energy by 878.8% in the fourth quarter. Lindbrook Capital LLC now owns 4,659 shares of the oil and gas producer’s stock worth $25,000 after buying an additional 4,183 shares during the last quarter. PNC Financial Services Group Inc. purchased a new position in Crescent Point Energy during the 1st quarter valued at about $50,000. Woodward Diversified Capital LLC bought a new stake in Crescent Point Energy during the fourth quarter valued at about $53,000. Vista Wealth Management Group LLC acquired a new position in shares of Crescent Point Energy during the fourth quarter valued at about $55,000. Finally, Simmons Bank purchased a new stake in Crescent Point Energy in the fourth quarter valued at $62,000. Institutional investors and hedge funds own 42.19% of the company’s stock.
About Crescent Point Energy (Get Rating)
Crescent Point Energy Corp. explores, develops, and produces light and medium crude oil, natural gas liquids, and natural gas reserves in Western Canada and the United States. It’s crude oil and natural gas properties, and related assets are located in the provinces of Saskatchewan, Alberta, British Columbia, and Manitoba; and the states of North Dakota and Montana.
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