Crescent Point Energy (TSE:CPG) Stock Price Passes Above 200 Day Moving Average of $9.89

Crescent Point Energy Corp. (TSE:CPGGet Rating) (NYSE:CPG)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$9.89 and traded as high as C$11.35. Crescent Point Energy shares last traded at C$11.03, with a volume of 4,345,478 shares changing hands.

Analysts Set New Price Targets

Separately, National Bankshares decreased their price target on shares of Crescent Point Energy from C$18.00 to C$17.00 and set an “outperform” rating for the company in a research report on Thursday, October 27th. One analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of C$13.10.

Crescent Point Energy Stock Performance

The stock’s 50-day moving average price is C$9.78 and its 200-day moving average price is C$9.89. The company has a current ratio of 0.62, a quick ratio of 0.49 and a debt-to-equity ratio of 21.94. The company has a market capitalization of C$6.14 billion and a P/E ratio of 3.05.

Crescent Point Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 3rd. Shareholders of record on Thursday, December 15th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Wednesday, December 14th. This represents a $0.32 dividend on an annualized basis and a yield of 2.90%. Crescent Point Energy’s payout ratio is currently 6.08%.

About Crescent Point Energy

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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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