Shares of Crescent Point Energy Corp. (NYSE:CPG) (TSE:CPG) have received a consensus rating of “Hold” from the thirteen brokerages that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $2.85.
Several equities research analysts recently weighed in on CPG shares. Canaccord Genuity upgraded Crescent Point Energy from a “hold” rating to a “buy” rating in a report on Thursday. Royal Bank of Canada increased their target price on Crescent Point Energy from $2.75 to $3.00 and gave the company a “sector perform” rating in a report on Monday, December 7th. Zacks Investment Research upgraded Crescent Point Energy from a “sell” rating to a “hold” rating in a report on Thursday, November 5th. BMO Capital Markets increased their price objective on Crescent Point Energy from $2.25 to $2.75 and gave the stock a “market perform” rating in a report on Monday, December 7th. Finally, BidaskClub raised Crescent Point Energy from a “buy” rating to a “strong-buy” rating in a research report on Thursday.
CPG opened at $2.71 on Tuesday. The stock has a 50-day moving average price of $2.20 and a 200-day moving average price of $1.70. Crescent Point Energy has a 12-month low of $0.51 and a 12-month high of $4.66. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.75. The stock has a market capitalization of $1.44 billion, a P/E ratio of -0.59 and a beta of 2.89.
Crescent Point Energy (NYSE:CPG) (TSE:CPG) last posted its quarterly earnings data on Thursday, October 29th. The oil and gas producer reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.08. Crescent Point Energy had a positive return on equity of 4.03% and a negative net margin of 166.19%. The firm had revenue of $328.07 million during the quarter, compared to analysts’ expectations of $312.28 million.
The firm also recently announced a quarterly dividend, which was paid on Monday, January 4th. Shareholders of record on Tuesday, December 15th were issued a $0.002 dividend. This represents a $0.01 dividend on an annualized basis and a dividend yield of 0.30%. The ex-dividend date of this dividend was Monday, December 14th. Crescent Point Energy’s payout ratio is 1.85%.
Several institutional investors have recently bought and sold shares of the business. Canada Pension Plan Investment Board increased its holdings in shares of Crescent Point Energy by 70.2% in the 2nd quarter. Canada Pension Plan Investment Board now owns 3,042,751 shares of the oil and gas producer’s stock worth $4,915,000 after purchasing an additional 1,255,116 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its stake in shares of Crescent Point Energy by 132.8% in the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,598,446 shares of the oil and gas producer’s stock worth $2,575,000 after buying an additional 911,694 shares during the last quarter. Jupiter Asset Management Ltd. purchased a new position in shares of Crescent Point Energy in the 3rd quarter worth $1,817,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of Crescent Point Energy by 16.8% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,462,700 shares of the oil and gas producer’s stock worth $1,772,000 after buying an additional 210,549 shares during the last quarter. Finally, UBS Asset Management Americas Inc. boosted its stake in shares of Crescent Point Energy by 13.1% in the 3rd quarter. UBS Asset Management Americas Inc. now owns 1,138,157 shares of the oil and gas producer’s stock worth $1,372,000 after buying an additional 131,690 shares during the last quarter. 28.69% of the stock is owned by institutional investors and hedge funds.
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 and Montana.
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