Crescent Point Energy Corporation (NYSE:CPG) (TSE:CPG) was upgraded by stock analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

A number of other equities analysts have also weighed in on CPG. Zacks Investment Research lowered Crescent Point Energy Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 5th. BidaskClub upgraded Crescent Point Energy Corporation from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. Royal Bank Of Canada reiterated a “hold” rating and issued a $14.00 price target on shares of Crescent Point Energy Corporation in a research report on Monday, September 25th. Scotiabank reiterated a “buy” rating and issued a $17.00 price target on shares of Crescent Point Energy Corporation in a research report on Tuesday. Finally, Desjardins lowered Crescent Point Energy Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. Crescent Point Energy Corporation presently has an average rating of “Hold” and a consensus target price of $13.33.

Crescent Point Energy Corporation (NYSE CPG) traded down 2.33% on Thursday, reaching $7.53. 1,165,592 shares of the company’s stock were exchanged. The stock’s market capitalization is $4.11 billion. Crescent Point Energy Corporation has a 1-year low of $6.46 and a 1-year high of $14.74. The firm’s 50 day moving average is $7.45 and its 200 day moving average is $8.39.

Crescent Point Energy Corporation (NYSE:CPG) (TSE:CPG) last released its quarterly earnings results on Thursday, July 27th. The oil and gas producer reported $0.05 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.03) by $0.08. Crescent Point Energy Corporation had a positive return on equity of 1.83% and a negative net margin of 13.80%. The business had revenue of $605.03 million during the quarter, compared to analyst estimates of $602.04 million. During the same quarter last year, the company posted $0.03 EPS. Analysts expect that Crescent Point Energy Corporation will post $0.20 EPS for the current year.

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A number of hedge funds and other institutional investors have recently made changes to their positions in CPG. Bank of New York Mellon Corp boosted its position in Crescent Point Energy Corporation by 6.9% during the 1st quarter. Bank of New York Mellon Corp now owns 719,867 shares of the oil and gas producer’s stock worth $7,789,000 after acquiring an additional 46,778 shares during the period. Parametric Portfolio Associates LLC boosted its position in Crescent Point Energy Corporation by 24.8% during the 1st quarter. Parametric Portfolio Associates LLC now owns 109,681 shares of the oil and gas producer’s stock worth $1,187,000 after acquiring an additional 21,795 shares during the period. JPMorgan Chase & Co. boosted its position in Crescent Point Energy Corporation by 1.6% during the 1st quarter. JPMorgan Chase & Co. now owns 460,257 shares of the oil and gas producer’s stock worth $4,979,000 after acquiring an additional 7,246 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in Crescent Point Energy Corporation during the 1st quarter worth about $187,000. Finally, Alliancebernstein L.P. boosted its position in Crescent Point Energy Corporation by 59.7% during the 1st quarter. Alliancebernstein L.P. now owns 71,302 shares of the oil and gas producer’s stock worth $771,000 after acquiring an additional 26,665 shares during the period. Hedge funds and other institutional investors own 38.99% of the company’s stock.

About Crescent Point Energy Corporation

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, Colorado, and Utah.

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Analyst Recommendations for Crescent Point Energy Corporation (NYSE:CPG)

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