Zacks Investment Research upgraded shares of Crescent Point Energy Corp. (NYSE:CPG) from a hold rating to a buy rating in a research report sent to investors on Tuesday morning. They currently have $15.00 price objective on the stock.

According to Zacks, “Crescent Point Energy Corp. is engaged in the acquisition, exploration and development of oil and natural gas properties in Western Canada. The Company’s operations consist of light and medium oil and natural gas assets strategically focused in core areas in southern Saskatchewan and central and southern Alberta. Crescent Point Energy Corp., formerly known as Crescent Point Energy Trust, is headquartered in Calgary, Canada. “

Other equities analysts also recently issued research reports about the company. Canaccord Genuity reiterated a buy rating on shares of Crescent Point Energy Corp. in a report on Friday, August 12th. TD Securities downgraded Crescent Point Energy Corp. to a buy rating and dropped their price objective for the stock from $31.00 to $30.00 in a report on Friday, August 12th. Barclays PLC upgraded Crescent Point Energy Corp. from an equal weight rating to an overweight rating and increased their price objective for the stock from $23.00 to $28.00 in a report on Friday, July 22nd. Finally, Dundee Securities downgraded Crescent Point Energy Corp. from a buy rating to a neutral rating in a report on Friday, September 9th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company has a consensus rating of Buy and a consensus target price of $28.86.

Analyst Recommendations for Crescent Point Energy Corp. (NYSE:CPG)

Crescent Point Energy Corp. (NYSE:CPG) traded down 1.70% on Tuesday, hitting $13.31. 118,119 shares of the stock were exchanged. Crescent Point Energy Corp. has a one year low of $7.82 and a one year high of $18.95. The company’s market cap is $6.76 billion. The company’s 50 day moving average price is $14.02 and its 200-day moving average price is $15.32.

Crescent Point Energy Corp. (NYSE:CPG) last issued its earnings results on Thursday, August 11th. The company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.10. Crescent Point Energy Corp. had a positive return on equity of 2.78% and a negative net margin of 35.05%. Equities research analysts predict that Crescent Point Energy Corp. will post ($0.44) EPS for the current fiscal year.

The firm also recently disclosed a dividend, which will be paid on Monday, October 17th. Stockholders of record on Friday, September 30th will be given a $0.023 dividend. The ex-dividend date of this dividend is Wednesday, September 28th. Crescent Point Energy Corp.’s dividend payout ratio is -20.00%.

Large investors have recently bought and sold shares of the stock. British Columbia Investment Management Corp boosted its stake in Crescent Point Energy Corp. by 7.6% in the third quarter. British Columbia Investment Management Corp now owns 83,194 shares of the company’s stock valued at $836,000 after buying an additional 5,900 shares in the last quarter. Hillsdale Investment Management Inc. boosted its position in shares of Crescent Point Energy Corp. by 15.9% in the second quarter. Hillsdale Investment Management Inc. now owns 91,100 shares of the company’s stock valued at $1,437,000 after buying an additional 12,500 shares during the period. Legal & General Group Plc boosted its position in shares of Crescent Point Energy Corp. by 4.8% in the second quarter. Legal & General Group Plc now owns 2,334,749 shares of the company’s stock valued at $36,690,000 after buying an additional 105,955 shares during the period. AHL Partners LLP purchased a new position in shares of Crescent Point Energy Corp. during the second quarter valued at approximately $194,000. Finally, Highbridge Capital Management LLC purchased a new position in shares of Crescent Point Energy Corp. during the second quarter valued at approximately $221,000. 40.02% of the stock is owned by institutional investors.

5 Day Chart for NYSE:CPG

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