Tudor Pickering & Holt Downgrades Crescent Point Energy (TSE:CPG) to Hold

Tudor Pickering & Holt lowered shares of Crescent Point Energy (TSE:CPG) (NYSE:CPG) from a buy rating to a hold rating in a report published on Wednesday morning, BayStreet.CA reports.

A number of other equities analysts have also commented on the stock. Tudor Pickering upgraded shares of Crescent Point Energy from a hold rating to a buy rating and set a C$9.50 price target on the stock in a research report on Tuesday, January 7th. Scotiabank boosted their price target on shares of Crescent Point Energy from C$7.75 to C$9.00 in a research report on Tuesday, January 14th. National Bank Financial reduced their price target on shares of Crescent Point Energy from C$5.00 to C$4.00 and set an outperform rating on the stock in a research report on Tuesday, March 17th. Raymond James lowered shares of Crescent Point Energy from a market perform rating to an underperform rating and reduced their price target for the company from C$6.00 to C$1.25 in a research report on Thursday, March 12th. Finally, TD Securities reduced their target price on shares of Crescent Point Energy from C$3.00 to C$2.25 and set a buy rating on the stock in a research report on Tuesday, March 17th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of C$5.39.

TSE:CPG traded down C$0.03 on Wednesday, reaching C$1.00. The stock 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 P/E ratio of -0.53. Crescent Point Energy has a 1-year low of C$0.75 and a 1-year high of C$6.30. The company has a quick ratio of 0.46, a current ratio of 0.82 and a debt-to-equity ratio of 57.77. The stock has a fifty day moving average price of C$2.98 and a 200-day moving average price of C$4.71.

Crescent Point Energy (TSE:CPG) (NYSE:CPG) last released 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 firm had revenue of C$729.30 million during the quarter, compared to analyst estimates of C$752.00 million. Sell-side analysts predict 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.

Further Reading: What is the S&P 500 Index?

Analyst Recommendations for Crescent Point Energy (TSE:CPG)

Receive News & Ratings for Crescent Point Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crescent Point Energy and related companies with MarketBeat.com's FREE daily email newsletter.