Crescent Point Energy (CPG) Hits New 1-Year Low at $3.29
Crescent Point Energy Corp (TSE:CPG) (NYSE:CPG) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as C$3.29 and last traded at C$3.30, with a volume of 2080816 shares traded. The stock had previously closed at C$3.42.
Several research firms recently issued reports on CPG. TD Securities upped their price target on Crescent Point Energy from C$7.50 to C$8.00 and gave the company a “buy” rating in a research report on Wednesday, January 16th. CIBC decreased their price target on shares of Crescent Point Energy from C$9.00 to C$7.50 in a research report on Wednesday, January 16th. Raymond James reiterated a “market perform” rating and issued a C$6.00 price target on shares of Crescent Point Energy in a research report on Wednesday, January 16th. Canaccord Genuity downgraded shares of Crescent Point Energy from a “buy” rating to a “speculative buy” rating and decreased their price target for the stock from C$13.00 to C$7.00 in a research report on Thursday, January 10th. Finally, Royal Bank of Canada decreased their price objective on shares of Crescent Point Energy from C$11.00 to C$6.00 in a research report on Tuesday, January 8th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Crescent Point Energy presently has an average rating of “Hold” and an average price target of C$8.77.
The firm has a market capitalization of $1.88 billion and a price-to-earnings ratio of -6.35. The company has a debt-to-equity ratio of 46.70, a current ratio of 0.48 and a quick ratio of 0.42.
About Crescent Point Energy (TSE:CPG)
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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