5 Best Stocks Under $10 To Buy Right Now

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

Share Price as of October 21: $7.52

Number of Hedge Fund Holders: 19

Crescent Point Energy Corp. (NYSE:CPG) is a leading oil and gas producer with a diversified portfolio of high-quality assets located in the Western Canadian Sedimentary Basin. The company’s strong financial position provides it with the flexibility to pursue its growth objectives and continue to pay a sustainable dividend. Crescent Point Energy Corp. (NYSE:CPG) has free cash flows of C$983 million and is offering a forward dividend yield of 2.23% to investors, as of October 21.

Wall Street is bullish on Crescent Point Energy Corp. (NYSE:CPG). On September 30,  National Bank analyst Travis Wood revised his price target on Crescent Point Energy Corp. (NYSE:CPG) to C$18 from C$20 and reiterated an Outperform rating on the shares.

At the close of Q2 2022, 19 hedge funds were long Crescent Point Energy Corp. (NYSE:CPG) and held stakes worth $227.5 million in the company. Of those, D E Shaw was the largest investor in the company and had stakes worth $46.9 million.