Crescent Point Energy (TSE:CPG) Downgraded to “Hold” at Tudor Pickering & Holt

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

Several other research firms have also issued reports on CPG. Raymond James lowered shares of Crescent Point Energy from a market perform rating to an underperform rating and reduced their price objective for the company from C$6.00 to C$1.25 in a research note on Thursday, March 12th. TD Securities reduced their price objective on shares of Crescent Point Energy from C$3.00 to C$2.25 and set a buy rating for the company in a research note on Tuesday, March 17th. Canaccord Genuity lowered shares of Crescent Point Energy from a buy rating to a speculative buy rating and reduced their price objective for the company from C$7.50 to C$2.50 in a research note on Tuesday, March 10th. National Bank Financial reduced their price objective on shares of Crescent Point Energy from C$5.00 to C$4.00 and set an outperform rating for the company in a research note on Tuesday, March 17th. Finally, Scotiabank lifted their price objective on shares of Crescent Point Energy from C$7.75 to C$9.00 in a research note on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of C$5.39.

Shares of TSE:CPG traded down C$0.03 during trading on Wednesday, reaching C$1.00. 9,724,655 shares of the company traded hands, compared to its average volume of 5,040,334. The firm has a fifty day simple moving average of C$2.98 and a 200 day simple moving average of C$4.71. The firm has a market cap 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.

Crescent Point Energy (TSE:CPG) (NYSE:CPG) last issued its earnings results on Thursday, March 5th. The company reported C$0.09 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of C$0.09. The company had revenue of C$729.30 million for the quarter, compared to analyst estimates of C$752.00 million. As a group, research analysts anticipate that Crescent Point Energy will post -0.101087 EPS for the current year.

Crescent Point Energy Company Profile

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.

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Analyst Recommendations for Crescent Point Energy (TSE:CPG)

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