Shares of Crescent Point Energy Corp. (TSE:CPG – Get Rating) (NYSE:CPG) have been given a consensus recommendation of “Buy” by the twelve ratings firms that are currently covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is C$12.48.
Several research analysts have weighed in on CPG shares. National Bankshares decreased their price target on shares of Crescent Point Energy from C$20.00 to C$15.50 in a research report on Thursday, April 14th. Scotiabank increased their price target on shares of Crescent Point Energy from C$8.50 to C$11.00 in a research report on Tuesday, March 8th. Royal Bank of Canada increased their price target on shares of Crescent Point Energy from C$11.00 to C$12.00 and gave the stock an “outperform” rating in a research report on Friday, March 4th. Raymond James increased their price target on shares of Crescent Point Energy from C$10.00 to C$12.00 and gave the stock an “outperform” rating in a research report on Friday, March 25th. Finally, BMO Capital Markets raised their price objective on shares of Crescent Point Energy from C$13.00 to C$15.00 in a research report on Monday, March 14th.
Shares of TSE CPG traded up C$0.42 on Friday, reaching C$9.19. 6,872,392 shares of the company’s stock traded hands, compared to its average volume of 6,046,450. Crescent Point Energy has a 12 month low of C$3.67 and a 12 month high of C$10.08. The business’s 50 day simple moving average is C$9.11 and its two-hundred day simple moving average is C$7.84. The company has a market cap of C$5.28 billion and a price-to-earnings ratio of 2.24. The company has a quick ratio of 0.32, a current ratio of 0.40 and a debt-to-equity ratio of 39.07.
The business also recently declared a quarterly dividend, which was paid on Friday, April 1st. Shareholders of record on Friday, April 1st were issued a $0.045 dividend. This is an increase from Crescent Point Energy’s previous quarterly dividend of $0.03. This represents a $0.18 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date was Monday, March 14th. Crescent Point Energy’s payout ratio is currently 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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