Shares of Crescent Point Energy Corp (NYSE:CPG) (TSE:CPG) have been given an average recommendation of “Hold” by the eight research firms that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $16.25.
A number of brokerages have recently weighed in on CPG. Zacks Investment Research cut shares of Crescent Point Energy from a “buy” rating to a “hold” rating in a research note on Friday, October 26th. Canaccord Genuity reissued a “buy” rating on shares of Crescent Point Energy in a research note on Tuesday, October 16th. ValuEngine raised shares of Crescent Point Energy from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 25th. BMO Capital Markets cut shares of Crescent Point Energy from an “outperform” rating to a “market perform” rating in a research note on Monday, October 22nd. Finally, TD Securities reissued a “hold” rating on shares of Crescent Point Energy in a research note on Sunday, October 28th.
Shares of CPG opened at $4.78 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.48 and a quick ratio of 0.48. Crescent Point Energy has a 1-year low of $4.36 and a 1-year high of $9.25. The company has a market cap of $2.68 billion, a PE ratio of 34.14 and a beta of 1.28.
The firm also recently disclosed a monthly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Wednesday, October 31st will be paid a dividend of $0.023 per share. The ex-dividend date of this dividend is Tuesday, October 30th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 5.77%. Crescent Point Energy’s dividend payout ratio (DPR) is 200.00%.
Several institutional investors and hedge funds have recently modified their holdings of the company. Atlas Capital Advisors LLC purchased a new stake in Crescent Point Energy in the 2nd quarter worth approximately $177,000. Dynamic Technology Lab Private Ltd purchased a new stake in Crescent Point Energy in the 1st quarter worth approximately $273,000. Trexquant Investment LP grew its stake in Crescent Point Energy by 128.5% in the 2nd quarter. Trexquant Investment LP now owns 45,510 shares of the oil and gas producer’s stock worth $334,000 after acquiring an additional 25,596 shares during the period. Cubist Systematic Strategies LLC purchased a new stake in Crescent Point Energy in the 1st quarter worth approximately $403,000. Finally, Commerzbank Aktiengesellschaft FI grew its stake in Crescent Point Energy by 13.0% in the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 73,869 shares of the oil and gas producer’s stock worth $543,000 after acquiring an additional 8,476 shares during the period. 38.98% of the stock is owned by institutional investors and hedge funds.
Crescent Point Energy Company Profile
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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