Crescent Point Energy (CPG) Stock Price Down 7.3%

Share on StockTwits

Crescent Point Energy Corp (NYSE:CPG) (TSE:CPG)’s share price traded down 7.3% during mid-day trading on Wednesday . The company traded as low as $3.03 and last traded at $3.06. 5,537,298 shares changed hands during trading, an increase of 87% from the average session volume of 2,968,890 shares. The stock had previously closed at $3.30.

CPG has been the topic of several research reports. Zacks Investment Research raised Crescent Point Energy from a “hold” rating to a “buy” rating and set a $5.00 target price on the stock in a research report on Tuesday, April 23rd. Macquarie raised Crescent Point Energy from a “neutral” rating to an “outperform” rating and set a $4.06 target price on the stock in a research report on Thursday, April 11th. Raymond James reissued a “hold” rating on shares of Crescent Point Energy in a research report on Friday, May 10th. CIBC raised Crescent Point Energy from a “neutral” rating to a “sector outperform” rating in a research report on Thursday, May 9th. Finally, Canaccord Genuity raised Crescent Point Energy to a “buy” rating in a research report on Thursday, May 9th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $4.35.

The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.62. The stock has a market cap of $1.74 billion, a PE ratio of 9.64 and a beta of 1.14.

Crescent Point Energy (NYSE:CPG) (TSE:CPG) last released its earnings results on Thursday, May 9th. The oil and gas producer reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.20. Crescent Point Energy had a positive return on equity of 4.22% and a negative net margin of 67.99%. The firm had revenue of $671.24 million for the quarter, compared to the consensus estimate of $621.98 million. During the same period in the prior year, the firm earned $0.12 EPS. As a group, research analysts anticipate that Crescent Point Energy Corp will post 0.36 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 2nd. Investors of record on Saturday, June 15th will be given a $0.007 dividend. This represents a $0.03 annualized dividend and a dividend yield of 0.88%. The ex-dividend date is Thursday, June 13th. Crescent Point Energy’s payout ratio is 9.09%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CPG. DekaBank Deutsche Girozentrale acquired a new stake in Crescent Point Energy during the 1st quarter worth about $29,000. Stratos Wealth Partners LTD. acquired a new stake in Crescent Point Energy during the 1st quarter worth about $32,000. Cidel Asset Management Inc. acquired a new stake in Crescent Point Energy during the 4th quarter worth about $36,000. Private Advisor Group LLC acquired a new stake in Crescent Point Energy during the 4th quarter worth about $38,000. Finally, Advisor Partners LLC acquired a new stake in Crescent Point Energy during the 4th quarter worth about $41,000. 32.23% of the stock is currently owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION NOTICE: This report was published by Ticker Report and is the sole property of of Ticker Report. If you are accessing this report on another site, it was copied illegally and reposted in violation of United States & international copyright law. The correct version of this report can be viewed at https://www.tickerreport.com/banking-finance/4364975/crescent-point-energy-cpg-stock-price-down-7-3.html.

Crescent Point Energy Company Profile (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.

Recommended Story: Price-Sales Ratio

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.



Latest News

Psychemedics Corp.  VP Sells $90,883.94 in Stock
Psychemedics Corp. VP Sells $90,883.94 in Stock
NIO  Shares Gap Down to $2.52
NIO Shares Gap Down to $2.52
Douglas Britt Sells 10,313 Shares of Flex Ltd  Stock
Douglas Britt Sells 10,313 Shares of Flex Ltd Stock
Anthony G. Quinn Purchases 12,217 Shares of Aeglea Bio Therapeutics Inc  Stock
Anthony G. Quinn Purchases 12,217 Shares of Aeglea Bio Therapeutics Inc Stock
Citadel  Price Tops $0.0014
Citadel Price Tops $0.0014
State of Wisconsin Investment Board Buys 5,300 Shares of Banner Co.
State of Wisconsin Investment Board Buys 5,300 Shares of Banner Co.


© 2006-2019 Ticker Report