Crescent Point Energy Corp. (TSE:CPG) Given Average Rating of “Buy” by Brokerages


Crescent Point Energy Corp. (TSE:CPG – Get Rating) (NYSE:CPG) has received an average recommendation of “Buy” from the twelve ratings firms that are currently covering the stock, Marketbeat reports. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1 year objective price among brokers that have issued a report on the stock in the last year is C$12.81.

Several brokerages have recently commented on CPG. Raymond James increased their target price on Crescent Point Energy from C$10.00 to C$12.00 and gave the stock an “outperform” rating in a report on Friday, March 25th. BMO Capital Markets raised their price target on Crescent Point Energy from C$13.00 to C$15.00 in a report on Monday, March 14th. Stifel Nicolaus raised their price target on Crescent Point Energy from C$13.75 to C$15.50 in a report on Friday, May 13th. National Bankshares decreased their price target on Crescent Point Energy from C$20.00 to C$15.50 in a report on Thursday, April 14th. Finally, CIBC raised their price target on Crescent Point Energy from C$13.00 to C$13.50 in a report on Thursday, April 14th.

Shares of CPG stock opened at C$9.15 on Friday. The stock’s fifty day moving average is C$10.25 and its 200-day moving average is C$9.02. The company has a debt-to-equity ratio of 30.21, a quick ratio of 0.37 and a current ratio of 0.46. The stock has a market capitalization of C$5.24 billion and a PE ratio of 1.50. Crescent Point Energy has a 52 week low of C$3.67 and a 52 week high of C$13.74.

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Crescent Point Energy (TSE:CPG – Get Rating) (NYSE:CPG) last announced its earnings results on Thursday, May 12th. The company reported C$0.41 EPS for the quarter. The business had revenue of C$978.40 million for the quarter. As a group, analysts forecast that Crescent Point Energy will post 2.1160481 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, July 4th. Shareholders of record on Monday, July 4th will be issued a dividend of $0.065 per share. The ex-dividend date of this dividend is Tuesday, June 14th. This represents a $0.26 dividend on an annualized basis and a yield of 2.84%. This is a boost from Crescent Point Energy’s previous quarterly dividend of $0.05. Crescent Point Energy’s dividend payout ratio (DPR) is 1.31%.

In other Crescent Point Energy news, Senior Officer Mark Gordon Eade sold 13,977 shares of the firm’s stock in a transaction dated Wednesday, June 8th. The stock was sold at an average price of C$13.59, for a total transaction of C$189,947.43. Following the transaction, the insider now owns 162,161 shares in the company, valued at C$2,203,767.99.

Crescent Point Energy Company Profile (Get Rating)

Crescent Point Energy Corp. explores, develops, and produces light and medium crude oil, natural gas liquids, and natural gas reserves in Western Canada and the United States. It’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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Analyst Recommendations for Crescent Point Energy (TSE:CPG)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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