Crescent Point Energy Corporation (NYSE:CPG) (TSE:CPG)‘s stock had its “hold” rating reiterated by equities research analysts at Royal Bank Of Canada in a research report issued on Monday. They presently have a $14.00 target price on the oil and gas producer’s stock. Royal Bank Of Canada’s target price would indicate a potential upside of 76.99% from the stock’s current price.

A number of other analysts have also weighed in on CPG. BidaskClub upgraded shares of Crescent Point Energy Corporation from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. ValuEngine upgraded shares of Crescent Point Energy Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th. Finally, Zacks Investment Research lowered shares of Crescent Point Energy Corporation from a “buy” rating to a “hold” rating in a research note on Friday, July 21st. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $16.58.

Crescent Point Energy Corporation (CPG) traded down 0.12% on Monday, reaching $8.22. 800,229 shares of the company traded hands. The company’s market capitalization is $4.48 billion. The stock’s 50 day moving average price is $7.03 and its 200 day moving average price is $8.70. Crescent Point Energy Corporation has a one year low of $6.46 and a one year high of $14.74.

Crescent Point Energy Corporation (NYSE:CPG) (TSE:CPG) last released its quarterly earnings data on Thursday, July 27th. The oil and gas producer reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.08. The business had revenue of $605.03 million during the quarter, compared to analyst estimates of $602.04 million. Crescent Point Energy Corporation had a negative net margin of 13.80% and a positive return on equity of 1.83%. During the same period last year, the business earned $0.03 EPS. On average, equities research analysts predict that Crescent Point Energy Corporation will post $0.21 EPS for the current fiscal year.

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Several hedge funds and other institutional investors have recently made changes to their positions in the company. Franklin Resources Inc. boosted its holdings in shares of Crescent Point Energy Corporation by 80.4% during the 2nd quarter. Franklin Resources Inc. now owns 19,360,075 shares of the oil and gas producer’s stock valued at $148,170,000 after acquiring an additional 8,628,868 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Crescent Point Energy Corporation by 4.8% during the 2nd quarter. Vanguard Group Inc. now owns 12,931,504 shares of the oil and gas producer’s stock valued at $98,925,000 after acquiring an additional 592,496 shares during the last quarter. Mackenzie Financial Corp boosted its holdings in shares of Crescent Point Energy Corporation by 9.8% during the 1st quarter. Mackenzie Financial Corp now owns 12,311,553 shares of the oil and gas producer’s stock valued at $133,211,000 after acquiring an additional 1,101,347 shares during the last quarter. Sentry Investments Corp. boosted its holdings in shares of Crescent Point Energy Corporation by 26.8% during the 1st quarter. Sentry Investments Corp. now owns 9,249,737 shares of the oil and gas producer’s stock valued at $132,919,000 after acquiring an additional 1,952,850 shares during the last quarter. Finally, CIBC World Markets Inc. boosted its holdings in shares of Crescent Point Energy Corporation by 2.9% during the 2nd quarter. CIBC World Markets Inc. now owns 8,005,875 shares of the oil and gas producer’s stock valued at $61,245,000 after acquiring an additional 223,642 shares during the last quarter. 38.99% of the stock is currently owned by hedge funds and other institutional investors.

Crescent Point Energy Corporation 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.

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

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