Crescent Point Energy (TSE:CPG) (NYSE:CPG) had its target price raised by Royal Bank of Canada from C$7.00 to C$7.50 in a report released on Wednesday morning, BayStreet.CA reports. They currently have a sector perform rating on the stock.
CPG has been the subject of a number of other reports. National Bank Financial boosted their price objective on shares of Crescent Point Energy from C$9.50 to C$10.00 and gave the stock an outperform rating in a report on Friday, November 15th. Scotiabank boosted their price objective on shares of Crescent Point Energy from C$7.75 to C$9.00 in a report on Tuesday. Tudor Pickering raised shares of Crescent Point Energy from a hold rating to a buy rating and set a C$9.50 target price on the stock in a research note on Tuesday, January 7th. Raymond James reaffirmed a market perform rating and issued a C$5.50 target price on shares of Crescent Point Energy in a research note on Friday, November 15th. Finally, Tudor Pickering & Holt raised shares of Crescent Point Energy from a hold rating to a buy rating and set a C$9.50 target price on the stock in a research note on Tuesday, January 7th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of Buy and an average target price of C$8.25.
Shares of CPG traded up C$0.06 during mid-day trading on Wednesday, reaching C$5.66. The company’s stock had a trading volume of 1,577,261 shares, compared to its average volume of 3,316,288. The stock has a market cap of $3.20 billion and a PE ratio of -1.25. The company has a current ratio of 1.63, a quick ratio of 0.46 and a debt-to-equity ratio of 59.16. Crescent Point Energy has a 52 week low of C$3.24 and a 52 week high of C$6.30. The company’s fifty day moving average price is C$5.38 and its two-hundred day moving average price is C$4.93.
Crescent Point Energy (TSE:CPG) (NYSE:CPG) last announced its quarterly earnings data on Thursday, October 31st. The company reported C$0.06 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$0.13 by C($0.07). The firm had revenue of C$769.10 million for the quarter, compared to analysts’ expectations of C$798.00 million. Research analysts anticipate that Crescent Point Energy will post 0.21 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Thursday, January 2nd were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.71%. The ex-dividend date was Thursday, December 12th. Crescent Point Energy’s payout ratio is -2.64%.
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, Montana, and Utah.
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