Crescent Point Energy Co. (NYSE:CPG) (TSE:CPG) has received a consensus rating of “Hold” from the nine analysts that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $15.75.
Several research firms have recently issued reports on CPG. AltaCorp Capital reaffirmed a “buy” rating and issued a $16.25 price objective on shares of Crescent Point Energy in a research note on Monday, January 15th. ValuEngine lowered Crescent Point Energy from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Zacks Investment Research raised Crescent Point Energy from a “hold” rating to a “buy” rating and set a $8.50 price objective for the company in a research note on Friday, December 29th. Raymond James Financial lowered Crescent Point Energy from an “outperform” rating to a “market perform” rating in a research note on Thursday, December 14th. Finally, UBS lowered Crescent Point Energy from an “outperform” rating to a “market perform” rating in a research note on Thursday, December 14th.
Crescent Point Energy (NYSE:CPG) opened at $6.76 on Friday. Crescent Point Energy has a one year low of $6.40 and a one year high of $11.45. The company has a market capitalization of $3,798.73, a P/E ratio of -33.80 and a beta of 1.51. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.59 and a current ratio of 0.59.
Crescent Point Energy (NYSE:CPG) (TSE:CPG) last announced its quarterly earnings results on Thursday, March 1st. The oil and gas producer reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.13). The firm had revenue of $721.29 million for the quarter, compared to the consensus estimate of $691.70 million. Crescent Point Energy had a negative net margin of 4.23% and a positive return on equity of 1.04%. During the same period in the previous year, the company posted $0.18 earnings per share. equities analysts anticipate that Crescent Point Energy will post 0.24 EPS for the current year.
The firm also recently declared a dividend, which will be paid on Monday, April 16th. Stockholders of record on Saturday, March 31st will be issued a $0.023 dividend. The ex-dividend date is Wednesday, March 28th. Crescent Point Energy’s payout ratio is -144.99%.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Penbrook Management LLC purchased a new stake in shares of Crescent Point Energy in the fourth quarter worth approximately $300,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new position in Crescent Point Energy during the 4th quarter worth $7,343,000. Lincluden Management Ltd. increased its holdings in Crescent Point Energy by 42.6% during the 4th quarter. Lincluden Management Ltd. now owns 7,077,577 shares of the oil and gas producer’s stock worth $55,266,000 after purchasing an additional 2,115,830 shares during the period. Verition Fund Management LLC increased its holdings in Crescent Point Energy by 34.2% during the 4th quarter. Verition Fund Management LLC now owns 36,033 shares of the oil and gas producer’s stock worth $275,000 after purchasing an additional 9,184 shares during the period. Finally, Luminus Management LLC purchased a new position in Crescent Point Energy during the 4th quarter worth $5,715,000. Hedge funds and other institutional investors own 40.25% of the company’s stock.
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About Crescent Point Energy
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, Colorado, and Utah.
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