National Bank Financial assumed coverage on shares of Crescent Point Energy Corp. (NYSE:CPG) in a research report issued to clients and investors on Friday. The brokerage set an “outperform” rating on the stock.

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

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

Crescent Point Energy Corp. (NYSE:CPG) opened at 10.91 on Friday. Crescent Point Energy Corp. has a 52-week low of $7.82 and a 52-week high of $18.95. The company’s market capitalization is $5.54 billion. The stock has a 50 day moving average of $12.73 and a 200-day moving average of $14.96.

Crescent Point Energy Corp. (NYSE:CPG) last announced its quarterly earnings results on Thursday, November 10th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate 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%. On average, equities research analysts anticipate that Crescent Point Energy Corp. will post ($0.47) earnings per share for the current fiscal year.

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

Large investors have recently added to or reduced their stakes in the company. TD Asset Management Inc. raised its stake in Crescent Point Energy Corp. by 12.9% in the third quarter. TD Asset Management Inc. now owns 14,102,647 shares of the company’s stock valued at $185,639,000 after buying an additional 1,609,887 shares in the last quarter. Vanguard Group Inc. raised its stake in Crescent Point Energy Corp. by 10.7% in the second quarter. Vanguard Group Inc. now owns 10,575,065 shares of the company’s stock valued at $166,980,000 after buying an additional 1,026,151 shares in the last quarter. CIBC Asset Management Inc raised its stake in Crescent Point Energy Corp. by 70.5% in the third quarter. CIBC Asset Management Inc now owns 9,773,847 shares of the company’s stock valued at $129,024,000 after buying an additional 4,043,023 shares in the last quarter. CIBC World Markets Inc. raised its stake in Crescent Point Energy Corp. by 0.5% in the second quarter. CIBC World Markets Inc. now owns 7,528,543 shares of the company’s stock valued at $118,876,000 after buying an additional 36,924 shares in the last quarter. Finally, Mackenzie Financial Corp purchased a new stake in Crescent Point Energy Corp. during the second quarter valued at about $111,628,000. 40.96% of the stock is owned by institutional investors.

5 Day Chart for NYSE:CPG

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