Crescent Point Energy Co. (NYSE:CPG) (TSE:CPG) reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $6.45 and last traded at $6.65, with a volume of 1544400 shares changing hands. The stock had previously closed at $6.79.

CPG has been the subject of several research reports. Scotiabank reissued a “buy” rating and issued a $17.00 price objective on shares of Crescent Point Energy in a research report on Tuesday, October 10th. Zacks Investment Research raised shares of Crescent Point Energy from a “hold” rating to a “strong-buy” rating and set a $9.00 price objective for the company in a research report on Tuesday, October 10th. ValuEngine cut shares of Crescent Point Energy from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Desjardins cut shares of Crescent Point Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, October 11th. Finally, Raymond James Financial cut shares of Crescent Point Energy from an “outperform” rating to a “market perform” rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $13.33.

The stock has a market cap of $3,629.53, a PE ratio of 20.78 and a beta of 1.52. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.44.

Institutional investors and hedge funds have recently made changes to their positions in the company. Sciencast Management LP lifted its position in shares of Crescent Point Energy by 26.6% in the 2nd quarter. Sciencast Management LP now owns 15,244 shares of the oil and gas producer’s stock worth $117,000 after purchasing an additional 3,204 shares during the period. DekaBank Deutsche Girozentrale lifted its position in shares of Crescent Point Energy by 19.3% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 22,244 shares of the oil and gas producer’s stock worth $171,000 after purchasing an additional 3,600 shares during the period. Airain ltd lifted its position in shares of Crescent Point Energy by 30.5% in the 2nd quarter. Airain ltd now owns 38,512 shares of the oil and gas producer’s stock worth $295,000 after purchasing an additional 9,012 shares during the period. Bank of Nova Scotia Trust Co. lifted its position in shares of Crescent Point Energy by 10.1% in the 2nd quarter. Bank of Nova Scotia Trust Co. now owns 41,903 shares of the oil and gas producer’s stock worth $321,000 after purchasing an additional 3,852 shares during the period. Finally, Russell Investments Group Ltd. lifted its position in shares of Crescent Point Energy by 84.3% in the 3rd quarter. Russell Investments Group Ltd. now owns 49,736 shares of the oil and gas producer’s stock worth $399,000 after purchasing an additional 22,754 shares during the period. 39.72% of the stock is owned by hedge funds and other institutional investors.

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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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