Crescent Point Energy (TSE:CPG) (NYSE:CPG) had its price target decreased by Royal Bank of Canada from C$7.00 to C$6.00 in a research report report published on Thursday morning, BayStreet.CA reports.
Several other equities analysts have also weighed in on CPG. Raymond James restated a buy rating on shares of Canadian Natural Resources in a report on Friday, May 10th. BMO Capital Markets restated a hold rating and set a $9.50 target price on shares of Vicon Industries in a report on Friday, June 14th. National Bank Financial cut their target price on Yangarra Resources from C$5.50 to C$5.00 and set an outperform rating on the stock in a report on Tuesday, June 25th. CIBC lifted their price objective on Quebecor from C$34.00 to C$35.00 in a research note on Friday, May 10th. Finally, Canaccord Genuity reiterated a buy rating and issued a $7.50 price objective on shares of in a research note on Tuesday, July 9th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has an average rating of Buy and an average price target of C$7.83.
TSE CPG opened at C$4.07 on Thursday. Crescent Point Energy has a fifty-two week low of C$3.24 and a fifty-two week high of C$9.70. The company’s 50-day moving average is C$4.21. The company has a current ratio of 0.59, a quick ratio of 0.44 and a debt-to-equity ratio of 66.23. The company has a market capitalization of $2.23 billion and a price-to-earnings ratio of -0.89.
Crescent Point Energy (TSE:CPG) (NYSE:CPG) last posted its earnings results on Thursday, May 9th. The company reported C$0.29 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.03 by C$0.26. The company had revenue of C$892.40 million for the quarter, compared to the consensus estimate of C$836.00 million. On average, analysts forecast that Crescent Point Energy will post 0.54 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 2nd. Stockholders of record on Saturday, June 15th were paid a $0.01 dividend. The ex-dividend date was Thursday, June 13th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.98%. Crescent Point Energy’s payout ratio is presently -0.87%.
About Crescent Point Energy
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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