UBS Downgrades Crescent Point Energy (CPG) to Market Perform
UBS cut shares of Crescent Point Energy (NYSE:CPG) (TSE:CPG) from an outperform rating to a market perform rating in a research note published on Thursday morning, The Fly reports.
Other equities research analysts have also issued reports about the stock. Zacks Investment Research raised shares of Crescent Point Energy from a hold rating to a strong-buy rating and set a $9.50 price objective on the stock in a research note on Tuesday, September 26th. ValuEngine lowered shares of Crescent Point Energy from a hold rating to a sell rating in a research note on Friday, September 1st. Desjardins lowered shares of Crescent Point Energy from a buy rating to a hold rating in a research note on Wednesday, October 11th. Royal Bank of Canada reaffirmed a hold rating and issued a $14.00 price objective on shares of Crescent Point Energy in a research note on Monday, September 25th. Finally, Scotiabank reaffirmed a buy rating and issued a $17.00 price objective on shares of Crescent Point Energy in a research note on Tuesday, October 10th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. The stock has an average rating of Hold and an average target price of $13.33.
Shares of Crescent Point Energy (NYSE:CPG) opened at $6.43 on Thursday. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.72 and a quick ratio of 0.72. Crescent Point Energy has a 12 month low of $6.42 and a 12 month high of $14.29. The company has a market cap of $3,509.46, a price-to-earnings ratio of 20.09 and a beta of 1.52.
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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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