Crescent Point Energy Corp. (NYSE:CPG) Shares Purchased by FourThought Financial LLC

FourThought Financial LLC boosted its stake in Crescent Point Energy Corp. (NYSE:CPG – Get Rating) (TSE:CPG) by 34.6% during the 3rd quarter, HoldingsChannel reports. The fund owned 29,585 shares of the oil and gas producer’s stock after buying an additional 7,604 shares during the period. FourThought Financial LLC’s holdings in Crescent Point Energy were worth $182,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Wipfli Financial Advisors LLC bought a new stake in Crescent Point Energy during the third quarter valued at $31,000. Ronald Blue Trust Inc. increased its stake in Crescent Point Energy by 1,069.0% during the third quarter. Ronald Blue Trust Inc. now owns 6,710 shares of the oil and gas producer’s stock valued at $48,000 after purchasing an additional 6,136 shares during the last quarter. PNC Financial Services Group Inc. bought a new stake in Crescent Point Energy during the first quarter valued at $50,000. Lazard Asset Management LLC acquired a new position in shares of Crescent Point Energy during the first quarter valued at $62,000. Finally, Creative Planning acquired a new position in shares of Crescent Point Energy during the second quarter valued at $81,000. 32.71% of the stock is owned by institutional investors and hedge funds.

Crescent Point Energy Price Performance

Shares of NYSE CPG opened at $5.81 on Friday. Crescent Point Energy Corp. has a fifty-two week low of $5.51 and a fifty-two week high of $10.96. The firm’s 50-day simple moving average is $7.02 and its 200 day simple moving average is $7.16. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.14. The stock has a market cap of $3.18 billion, a P/E ratio of 2.88 and a beta of 2.22.

Analyst Ratings Changes

CPG has been the subject of several analyst reports. CIBC reduced their price target on shares of Crescent Point Energy from C$16.00 to C$15.00 in a report on Tuesday, January 17th. National Bank Financial reduced their price target on shares of Crescent Point Energy from C$17.00 to C$15.00 in a report on Wednesday, January 11th. Scotiabank reduced their price target on shares of Crescent Point Energy from C$15.00 to C$13.00 in a report on Tuesday, January 17th. Stifel Nicolaus reduced their price target on shares of Crescent Point Energy from C$17.00 to C$16.00 in a report on Monday, December 12th. Finally, StockNews.com started coverage on shares of Crescent Point Energy in a research note on Thursday. They set a “hold” rating on the stock.

Crescent Point Energy Company Profile

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Crescent Point Energy Corp. engages in the exploration, development, and production of oil and gas properties. Its focus areas include: Viewfield Bakken, Flat Lake Torquay, and Shaunavon. The company was founded on April 20, 1994 and is headquartered in Calgary, Canada.