Crescent Point Energy Corp. (NYSE:CPG) released its earnings results on Thursday. The company reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.03. Crescent Point Energy Corp. had a negative net margin of 35.05% and a positive return on equity of 2.78%.

Crescent Point Energy Corp. (NYSE:CPG) opened at 10.91 on Friday. Crescent Point Energy Corp. has a 1-year low of $7.82 and a 1-year high of $18.95. The stock’s 50 day moving average is $12.73 and its 200-day moving average is $14.96. The firm’s market capitalization is $5.54 billion.

Earnings History for Crescent Point Energy Corp. (NYSE:CPG)

The firm also recently disclosed a dividend, which will be paid on Tuesday, November 15th. Stockholders of record on Monday, October 31st will be paid a dividend of $0.023 per share. The ex-dividend date is Thursday, October 27th. Crescent Point Energy Corp.’s dividend payout ratio is -20.00%.

A number of analysts recently commented on CPG shares. Dundee Securities cut shares of Crescent Point Energy Corp. from a “buy” rating to a “neutral” rating in a research report on Friday, September 9th. Canaccord Genuity restated a “buy” rating on shares of Crescent Point Energy Corp. in a research report on Friday, August 12th. Zacks Investment Research upgraded shares of Crescent Point Energy Corp. from a “sell” rating to a “hold” rating in a research report on Monday, October 31st. TD Securities cut shares of Crescent Point Energy Corp. to a “buy” rating and lowered their price objective for the company from $31.00 to $30.00 in a research report on Friday, August 12th. Finally, Barclays PLC upgraded shares of Crescent Point Energy Corp. from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $23.00 to $28.00 in a research report on Friday, July 22nd. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Crescent Point Energy Corp. presently has a consensus rating of “Buy” and an average target price of $28.86.

Institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. raised its position in shares of Crescent Point Energy Corp. by 23.3% in the first quarter. JPMorgan Chase & Co. now owns 171,854 shares of the company’s stock worth $2,378,000 after buying an additional 32,496 shares during the period. M&T Bank Corp acquired a new position in shares of Crescent Point Energy Corp. during the first quarter worth approximately $168,000. UBS Asset Management Americas Inc. raised its position in shares of Crescent Point Energy Corp. by 5.0% in the first quarter. UBS Asset Management Americas Inc. now owns 1,188,540 shares of the company’s stock worth $16,521,000 after buying an additional 56,876 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Crescent Point Energy Corp. by 120.8% in the first quarter. Goldman Sachs Group Inc. now owns 1,023,366 shares of the company’s stock worth $14,163,000 after buying an additional 559,790 shares during the period. Finally, Wellington Management Group LLP raised its position in shares of Crescent Point Energy Corp. by 10.3% in the first quarter. Wellington Management Group LLP now owns 4,072,171 shares of the company’s stock worth $56,607,000 after buying an additional 378,782 shares during the period. Institutional investors own 40.96% of the company’s stock.

5 Day Chart for NYSE:CPG

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