Crescent Point Energy - CPG Stock Forecast, Price & News

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.

Crescent Point Energy Price Performance

CPG Stock traded up C$0.10 during mid-day trading on Monday, reaching C$9.18. The company's stock had a trading volume of 3,511,452 shares, compared to its average volume of 6,373,750. The stock has a market cap of C$5.21 billion and a PE ratio of 3.19. The company has a current ratio of 0.59, a quick ratio of 0.35 and a debt-to-equity ratio of 24.96. Crescent Point Energy has a fifty-two week low of C$3.67 and a fifty-two week high of C$13.74. The company's 50 day moving average is C$10.10 and its two-hundred day moving average is C$9.42.

Crescent Point Energy (TSE:CPG - Get Rating) (NYSE:CPG) last released its quarterly earnings data on Wednesday, July 27th. The company reported C$0.47 EPS for the quarter, missing analysts' consensus estimates of C$0.56 by C($0.09). The business had revenue of C$1.32 billion for the quarter. Equities research analysts expect that Crescent Point Energy will post 2.57 EPS for the current year.

Crescent Point Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Thursday, September 15th will be paid a $0.08 dividend. This is a boost from Crescent Point Energy's previous quarterly dividend of $0.07. The ex-dividend date of this dividend is Wednesday, September 14th. This represents a $0.32 annualized dividend and a dividend yield of 3.49%. Crescent Point Energy's dividend payout ratio is 7.64%.

Analyst Ratings Changes

CPG has been the subject of several recent analyst reports. National Bankshares dropped their target price on Crescent Point Energy from C$21.00 to C$20.00 and set an "outperform" rating for the company in a research report on Thursday, July 28th. Raymond James boosted their price objective on shares of Crescent Point Energy from C$12.00 to C$12.50 and gave the stock a "market perform" rating in a research note on Tuesday, July 5th. Scotiabank raised Crescent Point Energy from a "sector perform" rating to a "buy" rating and upped their price target for the stock from C$11.50 to C$15.00 in a research report on Wednesday, June 8th. Stifel Nicolaus upped their price target on Crescent Point Energy from C$15.50 to C$17.00 in a research report on Monday, July 4th. Finally, CIBC boosted their price objective on shares of Crescent Point Energy from C$13.00 to C$13.50 in a report on Thursday, April 14th. One investment 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 stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of C$13.35.

Insider Activity

In other news, Senior Officer Mark Gordon Eade sold 13,977 shares of the stock in a transaction that occurred on Wednesday, June 8th. The shares were sold at an average price of C$13.59, for a total value of C$189,947.43. Following the completion of the sale, the insider now owns 162,161 shares of the company's stock, valued at approximately C$2,203,767.99.