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. The company was incorporated in 1994 and is headquartered in Calgary, Canada.
Analyst Upgrades and Downgrades
A number of research analysts recently issued reports on CPG shares. Stifel Nicolaus lifted their price target on shares of Crescent Point Energy from C$15.50 to C$17.00 in a research note on Thursday, June 30th. Scotiabank upgraded shares of Crescent Point Energy from a "sector perform" rating to a "sector outperform" rating in a research note on Wednesday, June 8th. CIBC lifted their price target on shares of Crescent Point Energy from C$13.50 to C$16.00 in a research note on Wednesday, June 15th. Finally, National Bank Financial decreased their price target on shares of Crescent Point Energy from C$21.00 to C$20.00 in a research note on Thursday, July 28th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat, Crescent Point Energy presently has a consensus rating of "Buy" and an average target price of $15.00.
Crescent Point Energy Stock Up 0.4 %
Shares of NYSE:CPG traded up $0.03 during trading on Monday, hitting $7.06. 62,100 shares of the company were exchanged, compared to its average volume of 10,966,514. The stock has a market capitalization of $4.01 billion, a P/E ratio of 3.04 and a beta of 2.26. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.59 and a quick ratio of 0.59. Crescent Point Energy has a 12-month low of $2.75 and a 12-month high of $10.96. The firm's 50 day moving average price is $7.89 and its 200-day moving average price is $7.37.
Crescent Point Energy (NYSE:CPG - Get Rating) (TSE:CPG) last issued its quarterly earnings data on Thursday, May 12th. The oil and gas producer reported $0.32 earnings per share for the quarter. The business had revenue of $772.43 million during the quarter. Crescent Point Energy had a net margin of 42.33% and a return on equity of 13.55%. On average, research analysts predict that Crescent Point Energy will post 2.71 earnings per share for the current fiscal year.
Crescent Point Energy Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Thursday, September 15th will be given a $0.062 dividend. This is an increase from Crescent Point Energy's previous quarterly dividend of $0.02. The ex-dividend date is Wednesday, September 14th. This represents a $0.25 annualized dividend and a yield of 3.51%. Crescent Point Energy's dividend payout ratio is 9.09%.