Crescent Point Energy (CPG) Given “Market Perform” Rating at Raymond James

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.

Crescent Point Energy (TSE:CPG) (NYSE:CPG) last posted its quarterly earnings results on Thursday, October 25th. The company reported C$0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.10 by C$0.05. The company had revenue of C$1.08 billion during the quarter, compared to analyst estimates of C$971.40 million. On average, sell-side analysts predict that Crescent Point Energy will post 0.649999992777778 earnings per share for the current year.

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.

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Analyst Recommendations for Crescent Point Energy (TSE:CPG)

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