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 Stock Down 2.9 %

CPG traded down C$0.28 on Tuesday, hitting C$9.37. The company had a trading volume of 3,852,163 shares, compared to its average volume of 6,289,223. The stock has a fifty day simple moving average of C$9.81 and a 200-day simple moving average of C$9.47. The company has a debt-to-equity ratio of 24.96, a current ratio of 0.59 and a quick ratio of 0.35. The firm has a market capitalization of C$5.32 billion and a P/E ratio of 3.25. Crescent Point Energy has a 52-week low of C$3.67 and a 52-week high of C$13.74.

Crescent Point Energy (TSE:CPG - Get Rating) (NYSE:CPG) last released its earnings results 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 firm had revenue of C$1.32 billion during the quarter. As a group, equities analysts expect that Crescent Point Energy will post 2.57 EPS 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 paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 3.42%. This is a positive change from Crescent Point Energy's previous quarterly dividend of $0.07. The ex-dividend date is Wednesday, September 14th. Crescent Point Energy's dividend payout ratio (DPR) is presently 4.95%.

Analysts Set New Price Targets

Several analysts have weighed in on CPG shares. National Bankshares lowered their price target on shares of Crescent Point Energy from C$21.00 to C$20.00 and set an "outperform" rating for the company in a research note on Thursday, July 28th. Stifel Nicolaus increased their target price on Crescent Point Energy from C$15.50 to C$17.00 in a report on Monday, July 4th. Raymond James lifted their price target on 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. Finally, Scotiabank upgraded shares of Crescent Point Energy from a "sector perform" rating to a "buy" rating and raised their target price for the stock from C$11.50 to C$15.00 in a report on Wednesday, June 8th. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of C$13.35.

Insider Activity at Crescent Point Energy

In other Crescent Point Energy news, Senior Officer Mark Gordon Eade sold 13,977 shares of the firm's 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 transaction of C$189,947.43. Following the completion of the transaction, the insider now owns 162,161 shares of the company's stock, valued at C$2,203,767.99.