Crescent Point Energy (CPG) Downgraded by UBS to “Market Perform”
Crescent Point Energy (NYSE:CPG) (TSE:CPG) was downgraded by research analysts at UBS from an “outperform” rating to a “market perform” rating in a research report issued on Thursday, The Fly reports.
A number of other research firms also recently weighed in on CPG. Zacks Investment Research downgraded shares of Crescent Point Energy from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 27th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $14.00 target price on shares of Crescent Point Energy in a research report on Monday, September 25th. Desjardins downgraded shares of Crescent Point Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, October 11th. Scotiabank reaffirmed a “buy” rating and issued a $17.00 target price on shares of Crescent Point Energy in a research report on Tuesday, October 10th. Finally, ValuEngine raised shares of Crescent Point Energy from a “sell” rating to a “hold” rating in a research report on Thursday, October 12th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $13.33.
Crescent Point Energy (NYSE CPG) traded down $0.14 during trading hours on Thursday, hitting $6.65. 1,539,821 shares of the stock were exchanged, compared to its average volume of 1,198,792. The stock has a market cap of $3,710.00, a P/E ratio of 22.00 and a beta of 1.53. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.44. Crescent Point Energy has a 12-month low of $6.46 and a 12-month high of $14.29.
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, Colorado, and Utah.
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