Shares of Crescent Point Energy Co. (NYSE:CPG) (TSE:CPG) have earned an average recommendation of “Buy” from the ten analysts that are covering the stock. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $25.88.
A number of equities research analysts have weighed in on the company. Zacks Investment Research raised Crescent Point Energy from a “hold” rating to a “strong-buy” rating and set a $13.00 target price for the company in a research report on Tuesday, February 28th. AltaCorp Capital reaffirmed an “outperform” rating on shares of Crescent Point Energy in a research report on Tuesday, May 9th.
A number of large investors have recently modified their holdings of CPG. Tower Research Capital LLC TRC raised its position in Crescent Point Energy by 1,273.5% in the first quarter. Tower Research Capital LLC TRC now owns 7,142 shares of the oil and gas producer’s stock valued at $103,000 after buying an additional 6,622 shares during the last quarter. Geode Capital Management LLC bought a new position in Crescent Point Energy during the first quarter valued at approximately $110,000. TNB Financial bought a new position in Crescent Point Energy during the first quarter valued at approximately $124,000. Dynamic Technology Lab Private Ltd bought a new position in Crescent Point Energy during the first quarter valued at approximately $187,000. Finally, Wellington Shields Capital Management LLC raised its position in Crescent Point Energy by 5.7% in the third quarter. Wellington Shields Capital Management LLC now owns 20,350 shares of the oil and gas producer’s stock valued at $269,000 after buying an additional 1,100 shares during the last quarter. 39.28% of the stock is owned by institutional investors and hedge funds.
Crescent Point Energy (NYSE:CPG) traded up 4.21% during trading on Friday, reaching $9.89. The company’s stock had a trading volume of 1,334,631 shares. The company’s market capitalization is $5.39 billion. Crescent Point Energy has a 12-month low of $9.02 and a 12-month high of $18.95. The firm’s 50-day moving average price is $10.12 and its 200 day moving average price is $11.56.
Crescent Point Energy (NYSE:CPG) last issued its earnings results on Thursday, April 27th. The oil and gas producer reported $0.09 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.25) by $0.34. The business had revenue of $609.29 million during the quarter, compared to analyst estimates of $607.80 million. Crescent Point Energy had a positive return on equity of 2.44% and a negative net margin of 32.46%. During the same period in the previous year, the company posted ($0.01) EPS. On average, analysts predict that Crescent Point Energy will post $0.16 earnings per share for the current fiscal year.
The company also recently announced a dividend, which will be paid on Thursday, June 15th. Shareholders of record on Wednesday, May 31st will be given a dividend of $0.022 per share. The ex-dividend date of this dividend is Monday, May 29th. Crescent Point Energy’s dividend payout ratio (DPR) is presently -22.50%.
About Crescent Point Energy
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