Crescent Point Energy Corp (TSE:CPG) (NYSE:CPG) has earned a consensus recommendation of “Buy” from the ten ratings firms that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is C$8.61.
A number of research firms recently weighed in on CPG. National Bank Financial lowered their price target on shares of Crescent Point Energy from C$8.50 to C$7.50 and set an “outperform” rating on the stock in a research report on Tuesday. CIBC upgraded shares of Crescent Point Energy from a “neutral” rating to an “outperform” rating in a report on Friday, May 10th. Raymond James reiterated a “market perform” rating and issued a C$7.00 target price on shares of Crescent Point Energy in a report on Friday, May 10th. BMO Capital Markets decreased their target price on shares of Crescent Point Energy from C$6.00 to C$5.50 in a report on Friday, June 14th. Finally, Canaccord Genuity boosted their target price on shares of Crescent Point Energy from C$7.00 to C$8.00 in a report on Tuesday, April 9th.
CPG traded down C$0.01 on Friday, reaching C$4.33. 2,298,200 shares of the company’s stock were exchanged, compared to its average volume of 5,155,725. The firm has a market capitalization of $2.37 billion and a PE ratio of -0.94. Crescent Point Energy has a twelve month low of C$3.24 and a twelve month high of C$10.31. The business has a fifty day moving average price of C$4.59. The company has a current ratio of 0.59, a quick ratio of 0.44 and a debt-to-equity ratio of 66.23.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 2nd. Shareholders of record on Saturday, June 15th will be issued a $0.01 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $0.04 annualized dividend and a yield of 0.92%. Crescent Point Energy’s payout ratio is -6.10%.
Crescent Point Energy Company Profile
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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