Crescent Point Energy (CPG) Reaches New 12-Month Low at $9.82

Crescent Point Energy (TSE:CPG) (NYSE:CPG)’s share price reached a new 52-week low on Friday . The company traded as low as C$9.82 and last traded at C$10.04, with a volume of 4691120 shares traded. The stock had previously closed at C$10.49.

A number of equities analysts have weighed in on CPG shares. CSFB upped their price target on shares of Crescent Point Energy from C$12.00 to C$13.00 in a research report on Friday, April 13th. GMP Securities dropped their price target on shares of Crescent Point Energy from C$14.25 to C$14.00 in a research report on Friday, May 4th. Barclays dropped their price target on shares of Crescent Point Energy from C$14.00 to C$12.00 in a research report on Friday, March 2nd. National Bank Financial dropped their price target on shares of Crescent Point Energy from C$15.50 to C$14.50 and set an “outperform” rating for the company in a research report on Friday, May 4th. Finally, TD Securities dropped their price target on shares of Crescent Point Energy from C$15.50 to C$14.50 and set a “buy” rating for the company in a research report on Friday, March 2nd.

Crescent Point Energy (TSE:CPG) (NYSE:CPG) last issued its earnings results on Thursday, March 1st. The company reported C($0.06) earnings per share for the quarter, missing the Zacks’ consensus estimate of C$0.10 by C($0.16). Crescent Point Energy had a return on equity of 2.23% and a net margin of 6.44%. The company had revenue of C$916.00 million for the quarter, compared to the consensus estimate of C$875.60 million.

The business also recently announced a monthly dividend, which was paid on Tuesday, May 15th. Investors of record on Tuesday, May 15th were given a dividend of $0.03 per share. The ex-dividend date was Friday, April 27th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.60%.

In related news, Director Scott Saxberg bought 5,883 shares of the company’s stock in a transaction that occurred on Wednesday, March 28th. The stock was purchased at an average price of C$8.52 per share, for a total transaction of C$50,123.16. In the last 90 days, insiders have purchased 37,583 shares of company stock valued at $335,147.

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, and Utah.

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