Crescent Point Energy (CPG) Earning Favorable Media Coverage, Study Shows
News coverage about Crescent Point Energy (NYSE:CPG) (TSE:CPG) has been trending positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Crescent Point Energy earned a media sentiment score of 0.31 on Accern’s scale. Accern also assigned media coverage about the oil and gas producer an impact score of 45.4762801400933 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
A number of equities analysts have issued reports on CPG shares. AltaCorp Capital reiterated a “buy” rating and set a $16.25 price target on shares of Crescent Point Energy in a research note on Monday, January 15th. Zacks Investment Research upgraded Crescent Point Energy from a “hold” rating to a “buy” rating and set a $8.50 price target for the company in a research note on Friday, December 29th. ValuEngine upgraded Crescent Point Energy from a “sell” rating to a “hold” rating in a research note on Friday, December 15th. Raymond James Financial downgraded Crescent Point Energy from an “outperform” rating to a “market perform” rating in a research note on Thursday, December 14th. Finally, UBS Group downgraded Crescent Point Energy from an “outperform” rating to a “market perform” rating in a research note on Thursday, December 14th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $13.94.
Crescent Point Energy (NYSE CPG) opened at $7.14 on Tuesday. Crescent Point Energy has a 12 month low of $6.42 and a 12 month high of $12.66. The firm has a market capitalization of $3,780.00, a P/E ratio of -8.11, a PEG ratio of 6.59 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.
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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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