Crescent Point Energy Corp (TSE:CPG) (NYSE:CPG) has earned an average rating of “Buy” from the eight brokerages that are covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is C$7.57.
A number of analysts have recently issued reports on CPG shares. Canaccord Genuity cut their price target on shares of Crescent Point Energy from C$8.00 to C$7.50 in a report on Tuesday, July 9th. Raymond James restated a “market perform” rating and set a C$7.00 price target on shares of Crescent Point Energy in a report on Wednesday, September 4th. National Bank Financial restated an “outperform” rating and set a C$7.50 price target on shares of Crescent Point Energy in a report on Thursday, September 5th. BMO Capital Markets upgraded shares of Crescent Point Energy from a “market perform” rating to an “outperform” rating and raised their price target for the stock from C$6.00 to C$8.00 in a report on Monday, September 16th. Finally, Royal Bank of Canada raised their price target on shares of Crescent Point Energy from C$6.00 to C$7.00 and gave the stock a “sector perform” rating in a report on Wednesday, September 4th.
Shares of TSE CPG opened at C$5.12 on Monday. The company has a 50 day simple moving average of C$5.17 and a 200-day simple moving average of C$4.70. The company has a market capitalization of $2.73 billion and a P/E ratio of -1.30. The company has a debt-to-equity ratio of 58.69, a current ratio of 0.59 and a quick ratio of 0.44. Crescent Point Energy has a 1 year low of C$3.24 and a 1 year high of C$7.66.
Crescent Point Energy (TSE:CPG) (NYSE:CPG) last announced its quarterly earnings results on Thursday, July 25th. The company reported C$0.27 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of C$0.21 by C$0.06. The firm had revenue of C$945.20 million for the quarter, compared to analyst estimates of C$973.00 million. As a group, research analysts expect that Crescent Point Energy will post 0.52 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Sunday, September 15th were issued a dividend of $0.01 per share. The ex-dividend date was Thursday, September 12th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.78%. Crescent Point Energy’s dividend payout ratio is currently -5.09%.
About Crescent Point Energy
Crescent Point Energy Corp. explores, develops, and produces light and medium crude oil and natural gas reserves 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, and Utah.
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