Crescent Point Energy (NYSE:CPG) Now Covered by Analysts at StockNews.com

Stock analysts at StockNews.com assumed coverage on shares of Crescent Point Energy (NYSE:CPGGet Free Report) (TSE:CPG) in a note issued to investors on Friday. The brokerage set a “hold” rating on the oil and gas producer’s stock.

Separately, BMO Capital Markets upped their price target on shares of Crescent Point Energy from $13.00 to $14.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 7th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $13.81.

Check Out Our Latest Report on CPG

Crescent Point Energy Price Performance

The firm has a market cap of $5.32 billion, a P/E ratio of -107.36 and a beta of 2.17. The business’s 50 day simple moving average is $8.48 and its 200-day simple moving average is $7.45. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.76 and a current ratio of 1.03. Crescent Point Energy has a one year low of $6.03 and a one year high of $9.28.

Crescent Point Energy (NYSE:CPGGet Free Report) (TSE:CPG) last posted its quarterly earnings results on Thursday, February 29th. The oil and gas producer reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.11). Crescent Point Energy had a positive return on equity of 12.92% and a negative net margin of 1.95%. The company had revenue of $743.70 million for the quarter, compared to analyst estimates of $752.25 million. As a group, sell-side analysts expect that Crescent Point Energy will post 1.04 earnings per share for the current year.

Institutional Investors Weigh In On Crescent Point Energy

Hedge funds have recently bought and sold shares of the stock. Blume Capital Management Inc. boosted its position in shares of Crescent Point Energy by 75.0% in the first quarter. Blume Capital Management Inc. now owns 3,500 shares of the oil and gas producer’s stock valued at $29,000 after acquiring an additional 1,500 shares during the period. Penbrook Management LLC grew its position in shares of Crescent Point Energy by 0.4% during the 4th quarter. Penbrook Management LLC now owns 501,060 shares of the oil and gas producer’s stock worth $3,493,000 after purchasing an additional 1,900 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings in shares of Crescent Point Energy by 7.2% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 36,370 shares of the oil and gas producer’s stock worth $302,000 after purchasing an additional 2,431 shares during the period. FourThought Financial Partners LLC raised its position in shares of Crescent Point Energy by 9.7% in the fourth quarter. FourThought Financial Partners LLC now owns 32,311 shares of the oil and gas producer’s stock valued at $224,000 after buying an additional 2,844 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Crescent Point Energy by 8.3% in the third quarter. Bank of New York Mellon Corp now owns 43,119 shares of the oil and gas producer’s stock valued at $358,000 after buying an additional 3,298 shares during the period. 49.37% of the stock is currently owned by institutional investors and hedge funds.

About Crescent Point Energy

(Get Free Report)

Crescent Point Energy Corp. explores, develops, and produces oil and gas properties in Canada and the United States. The company focuses on crude oil, tight oil, natural gas liquids, shale gas, and natural gas reserves. Its properties are located in the provinces of Saskatchewan, Alberta, British Columbia, and Manitoba; and the states of North Dakota.

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