Crescent Point Energy Co. (NYSE:CPG) (TSE:CPG)’s share price shot up 6% during mid-day trading on Tuesday . The stock traded as high as $7.65 and last traded at $7.63. 1,124,214 shares changed hands during trading, a decline of 7% from the average session volume of 1,203,705 shares. The stock had previously closed at $7.20.
Several brokerages recently issued reports on CPG. Royal Bank of Canada reaffirmed a “hold” rating and set a $14.00 price objective on shares of Crescent Point Energy in a report on Monday, September 25th. Zacks Investment Research raised Crescent Point Energy from a “hold” rating to a “strong-buy” rating and set a $9.50 price objective for the company in a report on Tuesday, September 26th. ValuEngine raised Crescent Point Energy from a “sell” rating to a “hold” rating in a report on Friday, December 15th. UBS Group cut Crescent Point Energy from an “outperform” rating to a “market perform” rating in a report on Thursday, December 14th. Finally, Desjardins cut Crescent Point Energy from a “buy” rating to a “hold” rating in a report on Wednesday, October 11th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $13.33.
The stock has a market capitalization of $3,929.72, a price-to-earnings ratio of -9.30 and a beta of 1.52. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.72 and a quick ratio of 0.72.
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Crescent Point Energy Company Profile
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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