Crescent Point Energy (CPG) Given Hold Rating at Raymond James

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Crescent Point Energy (NYSE:CPG) (TSE:CPG)‘s stock had its “hold” rating reaffirmed by equities research analysts at Raymond James in a report released on Wednesday.

Other equities research analysts have also recently issued reports about the company. BMO Capital Markets restated an “average” rating and set a $5.00 target price on shares of Crescent Point Energy in a research note on Monday, January 7th. Zacks Investment Research upgraded Crescent Point Energy from a “hold” rating to a “buy” rating and set a $3.75 target price for the company in a research note on Wednesday. Canaccord Genuity cut Crescent Point Energy to a “buy” rating in a research note on Thursday, January 10th. Finally, TD Securities upgraded Crescent Point Energy from a “hold” rating to a “buy” rating in a research note on Monday, January 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $4.38.

NYSE CPG opened at $3.47 on Wednesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.48 and a quick ratio of 0.48. Crescent Point Energy has a fifty-two week low of $2.70 and a fifty-two week high of $9.24. The firm has a market cap of $1.84 billion, a price-to-earnings ratio of 24.64 and a beta of 1.07.

Crescent Point Energy (NYSE:CPG) (TSE:CPG) last released its earnings results on Thursday, October 25th. The oil and gas producer reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.03. Crescent Point Energy had a positive return on equity of 2.38% and a negative net margin of 7.36%. The firm had revenue of $823.88 million during the quarter, compared to analysts’ expectations of $738.26 million. As a group, analysts predict that Crescent Point Energy will post -0.21 EPS for the current fiscal year.

Several large investors have recently made changes to their positions in the company. Franklin Resources Inc. increased its holdings in shares of Crescent Point Energy by 15.8% during the third quarter. Franklin Resources Inc. now owns 33,361,414 shares of the oil and gas producer’s stock worth $212,163,000 after buying an additional 4,558,402 shares in the last quarter. FIL Ltd increased its holdings in shares of Crescent Point Energy by 8.6% during the third quarter. FIL Ltd now owns 25,454,550 shares of the oil and gas producer’s stock worth $161,991,000 after buying an additional 2,023,430 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Crescent Point Energy by 4.4% during the third quarter. Vanguard Group Inc. now owns 15,583,750 shares of the oil and gas producer’s stock worth $98,957,000 after buying an additional 660,147 shares in the last quarter. Vanguard Group Inc increased its holdings in shares of Crescent Point Energy by 4.4% during the third quarter. Vanguard Group Inc now owns 15,583,750 shares of the oil and gas producer’s stock worth $98,957,000 after buying an additional 660,147 shares in the last quarter. Finally, Bank of Montreal Can increased its holdings in shares of Crescent Point Energy by 5.1% during the third quarter. Bank of Montreal Can now owns 12,652,603 shares of the oil and gas producer’s stock worth $80,344,000 after buying an additional 619,015 shares in the last quarter. Institutional investors own 40.08% of the company’s stock.

About Crescent Point Energy

Crescent Point Energy Corp. acquires, explores, develops, and produces light and medium oil and natural gas properties in Western Canada and the United States. The company'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, Montana, and Utah.

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