Crescent Point Energy Corp. (TSE:CPG – Get Rating) (NYSE:CPG) has received an average recommendation of “Buy” from the eight research firms that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is C$13.78.
CPG has been the subject of several research reports. Raymond James reduced their price objective on Crescent Point Energy from C$12.50 to C$11.50 and set a “market perform” rating for the company in a report on Monday. Stifel Nicolaus reduced their target price on Crescent Point Energy from C$16.00 to C$15.25 in a research note on Monday. National Bankshares reduced their target price on Crescent Point Energy from C$18.00 to C$17.00 and set an “outperform” rating on the stock in a research note on Thursday, October 27th. CIBC reduced their price objective on Crescent Point Energy from C$16.00 to C$15.00 in a research note on Tuesday. Finally, BMO Capital Markets cut their target price on Crescent Point Energy from C$13.00 to C$12.00 in a research note on Tuesday, December 13th.
Crescent Point Energy Stock Down 1.0 %
Shares of TSE:CPG opened at C$9.57 on Thursday. The company has a market capitalization of C$5.29 billion and a price-to-earnings ratio of 2.64. The company has a debt-to-equity ratio of 21.94, a current ratio of 0.62 and a quick ratio of 0.49. The business’s 50-day moving average is C$9.78 and its 200-day moving average is C$9.66. Crescent Point Energy has a 1 year low of C$7.25 and a 1 year high of C$13.74.
Crescent Point Energy Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 3rd. Stockholders of record on Wednesday, March 15th will be paid a dividend of $0.10 per share. The ex-dividend date is Tuesday, March 14th. This is an increase from Crescent Point Energy’s previous quarterly dividend of $0.08. This represents a $0.40 dividend on an annualized basis and a dividend yield of 4.18%. Crescent Point Energy’s dividend payout ratio (DPR) is currently 6.08%.
Crescent Point Energy Company Profile
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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