Crescent Point Energy Corp. (TSE:CPG) Receives Average Rating of “Buy” from Analysts

6 months ago
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Crescent Point Energy Corp. (TSE:CPG – Get Free Report) (NYSE:CPG) has received an average rating of “Buy” from the nine brokerages that are presently covering the stock, MarketBeat Ratings reports. Nine investment analysts have rated the stock with a buy rating. The average 12-month target price among brokerages that have covered the stock in the last year is C$15.00.

A number of analysts recently weighed in on CPG shares. ATB Capital set a C$13.00 price objective on shares of Crescent Point Energy and gave the stock an “outperform” rating in a research note on Friday, December 22nd. Stifel Nicolaus reduced their target price on shares of Crescent Point Energy from C$16.00 to C$15.50 and set a “buy” rating for the company in a report on Friday, December 22nd. CIBC boosted their target price on shares of Crescent Point Energy from C$14.75 to C$15.00 and gave the stock an “outperform” rating in a report on Monday, October 16th. BMO Capital Markets reduced their target price on shares of Crescent Point Energy from C$13.00 to C$12.00 and set an “outperform” rating for the company in a report on Friday, December 22nd. Finally, Raymond James boosted their target price on shares of Crescent Point Energy from C$16.00 to C$16.50 and gave the stock an “outperform” rating in a report on Thursday, November 16th.

Check Out Our Latest Stock Analysis on CPG

TSE:CPG opened at C$9.35 on Thursday. Crescent Point Energy has a 1-year low of C$7.73 and a 1-year high of C$11.70. The company has a 50-day moving average of C$9.85 and a 200 day moving average of C$10.20. The firm has a market cap of C$5.36 billion, a PE ratio of 17.98, a price-to-earnings-growth ratio of -0.59 and a beta of 2.62. The company has a debt-to-equity ratio of 53.55, a current ratio of 1.29 and a quick ratio of 0.49.

Crescent Point Energy (TSE:CPG – Get Free Report) (NYSE:CPG) last released its quarterly earnings data on Thursday, November 2nd. The company reported C$0.42 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.51 by C($0.09). Crescent Point Energy had a positive return on equity of 3.96% and a negative net margin of 24.36%. The business had revenue of C$1.25 billion during the quarter, compared to analysts’ expectations of C$1.20 billion. As a group, research analysts anticipate that Crescent Point Energy will post 1.3952096 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Tuesday, January 2nd will be issued a dividend of $0.02 per share. The ex-dividend date is Thursday, December 14th. This represents a $0.08 annualized dividend and a dividend yield of 0.86%. Crescent Point Energy’s dividend payout ratio (DPR) is currently 76.92%.

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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