Crescent Point Energy Corp. (TSE:CPG) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of Crescent Point Energy Corp. (TSE:CPGGet Rating) (NYSE:CPG) have received a consensus rating of “Buy” from the eleven research firms that are currently covering the firm, Marketbeat Ratings reports. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is C$12.20.

A number of equities analysts have recently commented on CPG shares. National Bank Financial boosted their price target on Crescent Point Energy from C$12.50 to C$13.50 and gave the stock an “outperform” rating in a report on Thursday, January 6th. Raymond James boosted their price target on Crescent Point Energy from C$10.00 to C$12.00 and gave the stock an “outperform” rating in a report on Friday, March 25th. TD Securities boosted their price target on Crescent Point Energy from C$12.00 to C$12.50 and gave the stock an “action list buy” rating in a report on Friday, March 4th. BMO Capital Markets upped their target price on Crescent Point Energy from C$13.00 to C$15.00 in a report on Monday, March 14th. Finally, National Bankshares lowered their target price on Crescent Point Energy from C$20.00 to C$15.50 in a report on Thursday, April 14th.

Shares of TSE:CPG traded down C$0.30 during trading on Tuesday, reaching C$9.68. 2,954,897 shares of the company traded hands, compared to its average volume of 6,023,120. The company’s 50 day moving average is C$8.97 and its two-hundred day moving average is C$7.46. The firm has a market capitalization of C$5.56 billion and a PE ratio of 2.35. The company has a quick ratio of 0.32, a current ratio of 0.40 and a debt-to-equity ratio of 39.07. Crescent Point Energy has a 52 week low of C$3.67 and a 52 week high of C$10.08.

Crescent Point Energy (TSE:CPGGet Rating) (NYSE:CPG) last released its earnings results on Thursday, March 3rd. The company reported C$0.27 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.34 by C($0.07). The firm had revenue of C$900.40 million during the quarter. As a group, research analysts anticipate that Crescent Point Energy will post 1.7300001 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, April 1st. Investors of record on Friday, April 1st were given a dividend of $0.045 per share. This is a positive change from Crescent Point Energy’s previous quarterly dividend of $0.03. The ex-dividend date was Monday, March 14th. This represents a $0.18 annualized dividend and a dividend yield of 1.86%. Crescent Point Energy’s dividend payout ratio is presently 0.85%.

About Crescent Point Energy (Get Rating)

Crescent Point Energy Corp. explores, develops, and produces light and medium crude oil, natural gas liquids, and natural gas reserves in Western Canada and the United States. It'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 and Montana.

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Analyst Recommendations for Crescent Point Energy (TSE:CPG)

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