Crescent Point Energy (CPG) Trading -2.4% Higher

Shares of Crescent Point Energy Co. (NYSE:CPG) (TSE:CPG) traded up 2.4% during trading on Thursday . The company traded as high as $7.50 and last traded at $7.26. 974,231 shares changed hands during mid-day trading, a decline of 36% from the average session volume of 1,528,110 shares. The stock had previously closed at $7.44.

A number of analysts recently commented on the company. Zacks Investment Research lowered Crescent Point Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, March 13th. ValuEngine raised Crescent Point Energy from a “sell” rating to a “hold” rating in a research note on Friday, December 15th. UBS lowered Crescent Point Energy from an “outperform” rating to a “market perform” rating in a research note on Thursday, December 14th. AltaCorp Capital reaffirmed a “buy” rating and issued a $16.25 price target on shares of Crescent Point Energy in a research note on Monday, January 15th. Finally, Raymond James Financial lowered Crescent Point Energy from an “outperform” rating to a “market perform” rating in a research note on Thursday, December 14th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. Crescent Point Energy presently has a consensus rating of “Hold” and an average target price of $13.69.

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The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.59 and a current ratio of 0.59. The firm has a market cap of $4,060.71, a PE ratio of -35.25 and a beta of 1.51.

Crescent Point Energy (NYSE:CPG) (TSE:CPG) last announced its quarterly earnings data on Thursday, March 1st. The oil and gas producer reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.08 by ($0.13). The firm had revenue of $721.29 million for the quarter, compared to analysts’ expectations 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 prior year, the business posted $0.18 EPS. equities analysts predict that Crescent Point Energy Co. will post 0.24 EPS for the current year.

The company also recently disclosed a dividend, which will be paid on Monday, April 16th. Shareholders of record on Saturday, March 31st will be given a dividend of $0.023 per share. The ex-dividend date is Wednesday, March 28th. Crescent Point Energy’s dividend payout ratio is currently -144.99%.

A number of institutional investors have recently made changes to their positions in the business. Franklin Resources Inc. lifted its position in Crescent Point Energy by 5.7% during the fourth quarter. Franklin Resources Inc. now owns 28,067,632 shares of the oil and gas producer’s stock valued at $213,896,000 after buying an additional 1,523,931 shares during the period. Mackenzie Financial Corp lifted its position in Crescent Point Energy by 8.3% during the fourth quarter. Mackenzie Financial Corp now owns 16,418,931 shares of the oil and gas producer’s stock valued at $125,112,000 after buying an additional 1,264,220 shares during the period. TD Asset Management Inc. lifted its position in Crescent Point Energy by 6.2% during the third quarter. TD Asset Management Inc. now owns 10,360,008 shares of the oil and gas producer’s stock valued at $83,003,000 after buying an additional 602,814 shares during the period. CIBC Asset Management Inc lifted its position in Crescent Point Energy by 2.7% during the fourth quarter. CIBC Asset Management Inc now owns 9,553,373 shares of the oil and gas producer’s stock valued at $73,114,000 after buying an additional 247,397 shares during the period. Finally, Lincluden Management Ltd. lifted its position in Crescent Point Energy by 42.6% during the fourth quarter. Lincluden Management Ltd. now owns 7,077,577 shares of the oil and gas producer’s stock valued at $55,266,000 after buying an additional 2,115,830 shares during the period. 40.25% of the stock is owned by institutional investors and hedge funds.

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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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