Tudor Pickering Lowers Crescent Point Energy (TSE:CPG) to Hold

Tudor Pickering lowered shares of Crescent Point Energy (TSE:CPG) (NYSE:CPG) from a buy rating to a hold rating in a research report released on Wednesday, Stock Target Advisor reports.

CPG has been the subject of a number of other research reports. Tudor Pickering & Holt lowered shares of Crescent Point Energy from a buy rating to a hold rating in a research note on Wednesday. Raymond James lowered shares of Crescent Point Energy from a market perform rating to an underperform rating and decreased their price target for the company from C$6.00 to C$1.25 in a research note on Thursday, March 12th. Scotiabank boosted their price target on shares of Crescent Point Energy from C$7.75 to C$9.00 in a research note on Tuesday, January 14th. Royal Bank of Canada decreased their price target on shares of Crescent Point Energy from C$6.50 to C$2.50 in a research note on Monday, March 16th. Finally, Canaccord Genuity lowered shares of Crescent Point Energy from a buy rating to a speculative buy rating and decreased their price target for the company from C$7.50 to C$2.50 in a research note on Tuesday, March 10th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. Crescent Point Energy has an average rating of Hold and a consensus target price of C$5.39.

Shares of TSE:CPG traded down C$0.03 during mid-day trading on Wednesday, hitting C$1.00. The company had a trading volume of 9,724,655 shares, compared to its average volume of 5,040,334. The company has a market capitalization of $490.78 million and a PE ratio of -0.53. The firm has a fifty day moving average price of C$2.98 and a 200 day moving average price of C$4.71. The company has a debt-to-equity ratio of 57.77, a current ratio of 0.82 and a quick ratio of 0.46. Crescent Point Energy has a one year low of C$0.75 and a one year high of C$6.30.

Crescent Point Energy (TSE:CPG) (NYSE:CPG) last announced its quarterly earnings results on Thursday, March 5th. The company reported C$0.09 EPS for the quarter, meeting the Zacks’ consensus estimate of C$0.09. The business had revenue of C$729.30 million for the quarter, compared to the consensus estimate of C$752.00 million. Research analysts expect that Crescent Point Energy will post -0.101087 earnings per share for the current fiscal year.

About Crescent Point Energy

Crescent Point Energy Corp. explores, develops, and produces light and medium crude oil and natural gas reserves 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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Analyst Recommendations for Crescent Point Energy (TSE:CPG)

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