Analyst Ratings for Crescent Point Energy Corp. (CPG)Updated: 2017-07-26
An average rating of Overweight has been given to Crescent Point Energy Corp. (NYSE:CPG) by analysts covering the stock. About 30 days ago, CPG was issued an average rating of Overweight.
12 analysts declared CPG a buy, 2 issued an overweight rating, 4 gave a hold rating, 0 issued an underweight rating, and 0 gave a sell rating. Today, there are 1 more analysts optimistic about the company future as compared with 90 days ago. During this time, the number of analysts bearish on the stock has increased by 0.
CPG was given price targets by several analysts. The most optimistic analyst gave a price target of 23, which equates to a potential upside of 188.58 percent. The minimum price target given was 11.5, implying a possible loss of 44.29 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of -100 percent. That number becomes -41.67 percent if we expand the time horizon to include the past 3 months instead of just one. On the other hand, earnings estimates for the fiscal year have been revised downwards by -13.67 percent, as compared to a month ago. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 251.11 percent.
People are often interested in whether analysts were united in the direction of their revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, while 1 analysts revised their estimates downwards. Over the same time period, 2 analysts revised their FY earnings estimates upwards, compared to 2 analysts that revised their FY estimates downwards.
CPG has traded between a high of 17.22 and a low of 6.97 over the past year. Currently the stock is 14.35 percent higher than its low, and below the high by 53.72 percent. CPG has a price/earnings ratio of 0. Investors typically compare the P/E ratio to a company's peers in the industry. The CPG value stock report compares CPG to some of its peers using value stock charts. The stock has a market capitalization of $5.29 billion. CPG will post this quarters earnings in days, on 0000-00-00.