Crescent Point Energy (CPG) Stock Price Up 0.1%

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Shares of Crescent Point Energy Corp (NYSE:CPG) (TSE:CPG) rose 0.1% during trading on Monday . The stock traded as high as $4.24 and last traded at $4.24. Approximately 2,129,223 shares changed hands during trading, a decline of 41% from the average daily volume of 3,610,277 shares. The stock had previously closed at $4.23.

CPG has been the subject of several research reports. BMO Capital Markets reiterated an “average” rating and set a $5.00 price target on shares of Crescent Point Energy in a research report on Monday, January 7th. Zacks Investment Research raised Crescent Point Energy from a “hold” rating to a “buy” rating and set a $4.25 target price on the stock in a research note on Wednesday, April 10th. Canaccord Genuity lowered Crescent Point Energy to a “buy” rating in a research note on Thursday, January 10th. TD Securities raised Crescent Point Energy from a “hold” rating to a “buy” rating in a research note on Monday, January 7th. Finally, Raymond James reissued a “hold” rating on shares of Crescent Point Energy in a research note on Wednesday, January 16th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. Crescent Point Energy has an average rating of “Hold” and an average price target of $4.44.

The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $2.30 billion, a price-to-earnings ratio of 12.83 and a beta of 1.02.

Crescent Point Energy (NYSE:CPG) (TSE:CPG) last issued its quarterly earnings results on Thursday, March 7th. The oil and gas producer reported ($0.02) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by ($0.11). Crescent Point Energy had a positive return on equity of 2.79% and a negative net margin of 68.90%. The company had revenue of $599.03 million for the quarter, compared to analysts’ expectations of $741.38 million. During the same quarter last year, the company earned ($0.06) EPS. On average, analysts forecast that Crescent Point Energy Corp will post 0.15 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 15th were issued a dividend of $0.007 per share. The ex-dividend date was Thursday, March 14th. This represents a $0.03 annualized dividend and a yield of 0.67%. Crescent Point Energy’s dividend payout ratio (DPR) is 9.09%.

Hedge funds and other institutional investors have recently modified their holdings of the business. Cidel Asset Management Inc. purchased a new stake in Crescent Point Energy during the 4th quarter worth about $36,000. Private Advisor Group LLC purchased a new stake in Crescent Point Energy during the 4th quarter worth about $38,000. Advisor Partners LLC purchased a new stake in Crescent Point Energy during the 4th quarter worth about $41,000. Ontario Teachers Pension Plan Board purchased a new stake in Crescent Point Energy during the 4th quarter worth about $52,000. Finally, Assenagon Asset Management S.A. purchased a new stake in Crescent Point Energy during the 4th quarter worth about $63,000. Institutional investors own 37.63% of the company’s stock.

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About Crescent Point Energy (NYSE:CPG)

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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