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Crescent Point Energy (TSE:CPG) Shares Pass Above 200-Day Moving Average of $9.59

Defense World · Aug 30, 2022 02:41

Shares of Crescent Point Energy Corp. (TSE:CPG – Get Rating) (NYSE:CPG) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$9.59 and traded as high as C$10.85. Crescent Point Energy shares last traded at C$10.65, with a volume of 4,311,464 shares traded.

Wall Street Analysts Forecast Growth

CPG has been the subject of a number of research reports. Stifel Nicolaus lifted their price objective on Crescent Point Energy from C$15.50 to C$17.00 in a research report on Monday, July 4th. National Bankshares decreased their target price on 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. Raymond James boosted their target price on Crescent Point Energy from C$12.00 to C$12.50 and gave the stock a "market perform" rating in a research report on Tuesday, July 5th. Finally, Scotiabank upgraded Crescent Point Energy from a "sector perform" rating to a "buy" rating and boosted their target price for the stock from C$11.50 to C$15.00 in a research 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, the company has a consensus rating of "Buy" and an average price target of C$13.35.

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Crescent Point Energy Price Performance

The company has a current ratio of 0.59, a quick ratio of 0.35 and a debt-to-equity ratio of 24.96. The firm has a market cap of C$6.04 billion and a P/E ratio of 3.70. The company has a fifty day moving average price of C$9.47 and a two-hundred day moving average price of C$9.59.

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 for the quarter, missing the consensus estimate of C$0.56 by C($0.09). The firm had revenue of C$1.32 billion during the quarter. Equities analysts anticipate that Crescent Point Energy Corp. will post 2.1300002 earnings per share for the current year.

Crescent Point Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Shareholders of record on Thursday, September 15th will be paid a $0.08 dividend. This is a boost from Crescent Point Energy's previous quarterly dividend of $0.07. The ex-dividend date is Wednesday, September 14th. This represents a $0.32 annualized dividend and a yield of 3.00%. Crescent Point Energy's payout ratio is presently 4.95%.

Insider Buying and Selling at Crescent Point Energy

In other Crescent Point Energy news, Senior Officer Mark Gordon Eade sold 13,977 shares of the business's stock in a transaction that occurred on Wednesday, June 8th. The stock was sold at an average price of C$13.59, for a total value of C$189,947.43. Following the sale, the insider now owns 162,161 shares in the company, valued at approximately C$2,203,767.99.

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.