Shares of Crescent Point Energy Corp. (TSE:CPG – Get Rating) (NYSE:CPG) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$9.60 and traded as high as C$9.98. Crescent Point Energy shares last traded at C$9.52, with a volume of 4,796,718 shares trading hands.
Wall Street Analysts Forecast Growth
Several equities analysts have weighed in on CPG shares. Scotiabank raised Crescent Point Energy from a "sector perform" rating to a "buy" rating and raised their price target for the stock from C$11.50 to C$15.00 in a research report on Wednesday, June 8th. Raymond James boosted their target price on shares of Crescent Point Energy from C$12.00 to C$12.50 and gave the company a "market perform" rating in a research note on Tuesday, July 5th. Stifel Nicolaus raised their price target on shares of Crescent Point Energy from C$15.50 to C$17.00 in a research note on Monday, July 4th. Finally, National Bankshares cut their price objective 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 report on Thursday, July 28th. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of C$13.35.
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Crescent Point Energy Stock Down 2.8 %
The stock has a fifty day moving average of C$9.46 and a two-hundred day moving average of C$9.60. The company has a quick ratio of 0.35, a current ratio of 0.59 and a debt-to-equity ratio of 24.96. The stock has a market cap of C$5.40 billion and a price-to-earnings ratio of 3.31.
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 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.56 by C($0.09). The business had revenue of C$1.32 billion for the quarter. As a group, analysts predict that Crescent Point Energy Corp. will post 2.1300001 EPS for the current fiscal year.
Crescent Point Energy Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Shareholders of record on Thursday, September 15th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date is Wednesday, September 14th. This is a boost from Crescent Point Energy's previous quarterly dividend of $0.07. Crescent Point Energy's payout ratio is currently 4.95%.
Crescent Point Energy Company Profile
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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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