Crescent Point Energy Corp (NYSE:CPG) (TSE:CPG) has received an average rating of “Hold” from the nine brokerages that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $15.75.
Several research firms have recently weighed in on CPG. ValuEngine raised Crescent Point Energy from a “strong sell” rating to a “sell” rating in a report on Friday, June 22nd. Zacks Investment Research raised Crescent Point Energy from a “hold” rating to a “strong-buy” rating and set a $10.00 price objective for the company in a report on Tuesday, May 1st.
Get Crescent Point Energy alerts:Several hedge funds have recently bought and sold shares of CPG. Toronto Dominion Bank boosted its holdings in shares of Crescent Point Energy by 372.8% in the first quarter. Toronto Dominion Bank now owns 2,337,157 shares of the oil and gas producer’s stock valued at $15,869,000 after acquiring an additional 1,842,797 shares during the period. PCJ Investment Counsel Ltd. acquired a new stake in shares of Crescent Point Energy during the first quarter worth $9,890,000. Point72 Asset Management L.P. acquired a new stake in shares of Crescent Point Energy during the first quarter worth $6,794,000. Cumberland Partners Ltd lifted its holdings in shares of Crescent Point Energy by 133.0% during the first quarter. Cumberland Partners Ltd now owns 1,651,000 shares of the oil and gas producer’s stock worth $11,209,000 after purchasing an additional 942,400 shares during the period. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new stake in shares of Crescent Point Energy during the fourth quarter worth $7,343,000. 37.27% of the stock is owned by institutional investors and hedge funds.
Crescent Point Energy traded up $0.04, reaching $7.32, on Friday, according to Marketbeat. The company’s stock had a trading volume of 1,130,000 shares, compared to its average volume of 1,537,449. The company has a market capitalization of $4.03 billion, a price-to-earnings ratio of 52.29 and a beta of 1.45. Crescent Point Energy has a fifty-two week low of $6.40 and a fifty-two week high of $9.25. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.48.
Crescent Point Energy (NYSE:CPG) (TSE:CPG) last posted its quarterly earnings data on Thursday, May 3rd. The oil and gas producer reported $0.09 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.04. The business had revenue of $740.04 million during the quarter, compared to the consensus estimate of $726.65 million. Crescent Point Energy had a positive return on equity of 1.09% and a negative net margin of 10.08%. During the same period in the prior year, the company earned $0.11 earnings per share. equities analysts anticipate that Crescent Point Energy will post 0.19 EPS for the current fiscal year.
The company also recently disclosed a monthly dividend, which will be paid on Wednesday, August 15th. Stockholders of record on Tuesday, July 31st will be issued a $0.023 dividend. This represents a $0.28 annualized dividend and a dividend yield of 3.77%. The ex-dividend date of this dividend is Monday, July 30th. Crescent Point Energy’s payout ratio is currently 200.00%.
About Crescent Point Energy
Crescent Point Energy Corp. acquires, explores, develops, and produces light and medium oil and natural gas properties 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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