Raymond James reissued their market perform rating on shares of Crescent Point Energy (TSE:CPG) (NYSE:CPG) in a research note issued to investors on Wednesday. Raymond James currently has a C$6.00 price objective on the stock.
CPG has been the topic of several other reports. Canaccord Genuity decreased their price target on shares of Crescent Point Energy from C$15.00 to C$13.00 in a research report on Tuesday, October 16th. CIBC decreased their price target on shares of Crescent Point Energy from C$11.00 to C$9.00 in a research report on Thursday, November 22nd. BMO Capital Markets lowered shares of Crescent Point Energy from an outperform rating to a market perform rating and decreased their price target for the stock from C$10.00 to C$8.00 in a research report on Monday, October 22nd. Royal Bank of Canada reduced their price objective on shares of Crescent Point Energy from C$11.00 to C$6.00 in a report on Tuesday, January 8th. Finally, TD Securities raised shares of Crescent Point Energy from a hold rating to a buy rating and reduced their price objective for the stock from C$8.00 to C$7.50 in a report on Monday, January 7th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of C$8.77.
TSE:CPG opened at C$4.66 on Wednesday. Crescent Point Energy has a 1 year low of C$3.70 and a 1 year high of C$11.81. The company has a debt-to-equity ratio of 46.70, a current ratio of 0.48 and a quick ratio of 0.42.
The company also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Friday, March 15th will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.86%. The ex-dividend date of this dividend is Thursday, March 14th. Crescent Point Energy’s dividend payout ratio is currently -69.23%.
In other news, Director Craig Stephen Bryksa purchased 13,500 shares of the business’s stock in a transaction that occurred on Monday, October 29th. The stock was purchased at an average cost of C$6.77 per share, with a total value of C$91,395.00. Insiders have purchased a total of 16,970 shares of company stock valued at $105,534 over the last three months.
Crescent Point Energy Company Profile
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.
Featured Story: What are Bollinger Bands?
Receive News & Ratings for Crescent Point Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crescent Point Energy and related companies with MarketBeat.com's FREE daily email newsletter.