5 Best Affordable Stocks Under $10

4. Crescent Point Energy Corp. (NYSE:CPG)

Number of Hedge Fund Holders: 27

TTM PE ratio as of March 26: 7.45

Share Price as of March 26: $7.94

Crescent Point Energy Corp. (NYSE:CPG) carries out exploration, development, and production of oil and gas properties in the U.S. and Canada. The company has major operations in Central Alberta and Saskatchewan. As of March 26, the stock has a PE ratio of 7.45.

Based on 10 Wall Street analysts’ ratings in the last three months, Crescent Point Energy Corp. (NYSE:CPG) has a consensus rating of Strong Buy. The average price target of $9.56 represents an upside of 20.4% from the last price of $7.94 as of March 26.

In the fourth quarter of 2023, hedge fund sentiment was positive toward Crescent Point Energy Corp. (NYSE:CPG). In the quarter, 27 hedge funds held positions in the company, and their total stake value was $268.157 million. This is compared to 18 funds in the previous quarter, with positions worth $220.415 million. As of December 31, 2023, Thomas E. Claugus’s GMT Capital is the largest shareholder in the company and has a position worth $72.585 million.

On March 20, Crescent Point Energy Corp. (NYSE:CPG) announced that the company’s name would be changed to Veren Inc. During the upcoming annual shareholder meeting on May 10, the company will seek approval for the change.