Crescent Point Energy (CPG) Sets New 52-Week Low at $9.76

Shares of Crescent Point Energy Corp (TSE:CPG) (NYSE:CPG) hit a new 52-week low on Thursday . The stock traded as low as C$9.76 and last traded at C$9.80, with a volume of 1479516 shares. The stock had previously closed at C$9.87.

Several analysts recently weighed in on CPG shares. CSFB boosted their price objective on shares of Crescent Point Energy from C$12.00 to C$13.00 in a research note on Friday, April 13th. Raymond James boosted their price objective on shares of Crescent Point Energy from C$10.00 to C$13.00 in a research note on Tuesday, April 24th. TD Securities reduced their price objective on shares of Crescent Point Energy from C$15.50 to C$14.50 and set a “buy” rating on the stock in a research note on Friday, March 2nd. Barclays reduced their price objective on shares of Crescent Point Energy from C$14.00 to C$12.00 in a research note on Friday, March 2nd. Finally, GMP Securities reduced their price objective on shares of Crescent Point Energy from C$14.25 to C$14.00 in a research note on Friday, May 4th.

Crescent Point Energy (TSE:CPG) (NYSE:CPG) last issued its quarterly earnings results on Thursday, May 3rd. The company reported C$0.12 EPS for the quarter, beating the Zacks’ consensus estimate of C$0.07 by C$0.05. The business had revenue of C$935.20 million for the quarter, compared to analysts’ expectations of C$931.60 million. Crescent Point Energy had a net margin of 6.44% and a return on equity of 2.23%.

In other news, Director Scott Saxberg purchased 5,883 shares of the business’s stock in a transaction on Wednesday, March 28th. The shares were acquired at an average price of C$8.52 per share, with a total value of C$50,123.16. Insiders have acquired 14,583 shares of company stock worth $135,065 in the last ninety days.

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, and Utah.

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