Crescent Point Energy (TSE:CPG) Receives “Market Perform” Rating from Raymond James

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Raymond James reaffirmed their market perform rating on shares of Crescent Point Energy (TSE:CPG) (NYSE:CPG) in a report issued on Wednesday, BayStreet.CA reports. The brokerage currently has a C$6.50 price target on the stock.

CPG has been the subject of several other research reports. Tudor Pickering raised shares of Crescent Point Energy from a hold rating to a buy rating and set a C$9.50 price objective for the company in a research note on Tuesday, January 7th. National Bank Financial dropped their price objective on shares of Crescent Point Energy from C$10.00 to C$9.50 and set an outperform rating for the company in a research note on Wednesday. Royal Bank of Canada upped their price target on shares of Crescent Point Energy from C$7.00 to C$7.50 and gave the company a sector perform rating in a research report on Wednesday. Scotiabank upped their price target on shares of Crescent Point Energy from C$7.75 to C$9.00 in a research report on Tuesday. Finally, Tudor Pickering & Holt upgraded shares of Crescent Point Energy from a hold rating to a buy rating and set a C$9.50 price target for the company in a research report on Tuesday, January 7th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Crescent Point Energy has a consensus rating of Buy and an average price target of C$8.25.

Shares of Crescent Point Energy stock traded up C$0.06 on Wednesday, reaching C$5.66. 1,577,261 shares of the stock were exchanged, compared to its average volume of 3,316,288. The firm’s 50 day moving average is C$5.38 and its 200-day moving average is C$4.93. Crescent Point Energy has a one year low of C$3.24 and a one year high of C$6.30. The company has a debt-to-equity ratio of 59.16, a quick ratio of 0.46 and a current ratio of 1.63. The firm has a market cap of $3.20 billion and a PE ratio of -1.25.

Crescent Point Energy (TSE:CPG) (NYSE:CPG) last issued its quarterly earnings results on Thursday, October 31st. The company reported C$0.06 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$0.13 by C($0.07). The firm had revenue of C$769.10 million for the quarter, compared to the consensus estimate of C$798.00 million. On average, equities research analysts expect that Crescent Point Energy will post 0.21 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Thursday, January 2nd were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.71%. The ex-dividend date of this dividend was Thursday, December 12th. Crescent Point Energy’s dividend payout ratio (DPR) is presently -2.64%.

Crescent Point Energy Company Profile

Crescent Point Energy Corp. explores, develops, and produces light and medium crude oil and natural gas reserves in Western Canada and the United States. The company'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, Montana, and Utah.

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Analyst Recommendations for Crescent Point Energy (TSE:CPG)

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