Crescent Point Energy Corp. (NYSE:CPG) was upgraded by Dundee Securities from a “neutral” rating to a “buy” rating in a report released on Friday.

Several other analysts also recently commented on CPG. Zacks Investment Research upgraded shares of Crescent Point Energy Corp. from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research report on Tuesday, October 11th. Canaccord Genuity restated a “buy” rating on shares of Crescent Point Energy Corp. in a research report on Friday, August 12th. TD Securities restated a “buy” rating and set a $28.00 price objective (down from $30.00) on shares of Crescent Point Energy Corp. in a research report on Friday, September 23rd. Barclays PLC upgraded shares of Crescent Point Energy Corp. from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $23.00 to $28.00 in a research report on Friday, July 22nd. Finally, National Bank Financial restated an “outperform” rating on shares of Crescent Point Energy Corp. in a research report on Friday. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $27.88.

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

Shares of Crescent Point Energy Corp. (NYSE:CPG) opened at 11.37 on Friday. The firm’s 50-day moving average is $12.63 and its 200 day moving average is $14.85. The stock’s market capitalization is $5.81 billion. Crescent Point Energy Corp. has a 52-week low of $7.82 and a 52-week high of $18.95.

Crescent Point Energy Corp. (NYSE:CPG) last announced its quarterly earnings data on Thursday, November 10th. The company reported ($0.04) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.07) by $0.03. Crescent Point Energy Corp. had a negative net margin of 32.46% and a positive return on equity of 2.44%. Equities analysts expect that Crescent Point Energy Corp. will post ($0.57) EPS for the current year.

The firm also recently disclosed a dividend, which will be paid on Tuesday, November 15th. Shareholders of record on Monday, October 31st will be paid a $0.023 dividend. The ex-dividend date of this dividend is Thursday, October 27th. Crescent Point Energy Corp.’s payout ratio is currently -22.50%.

Several institutional investors have recently modified their holdings of CPG. The Manufacturers Life Insurance Company acquired a new position in shares of Crescent Point Energy Corp. during the third quarter worth approximately $48,398,000. HBK Investments L P boosted its position in Crescent Point Energy Corp. by 11.4% in the third quarter. HBK Investments L P now owns 55,200 shares of the company’s stock worth $729,000 after buying an additional 5,666 shares in the last quarter. OMERS ADMINISTRATION Corp boosted its position in Crescent Point Energy Corp. by 128.6% in the third quarter. OMERS ADMINISTRATION Corp now owns 161,600 shares of the company’s stock worth $2,127,000 after buying an additional 90,900 shares in the last quarter. Hsbc Holdings PLC boosted its position in Crescent Point Energy Corp. by 162.8% in the third quarter. Hsbc Holdings PLC now owns 239,113 shares of the company’s stock worth $3,145,000 after buying an additional 148,116 shares in the last quarter. Finally, Jabre Capital Partners S.A. purchased a new position in Crescent Point Energy Corp. during the third quarter worth approximately $3,961,000. 38.43% of the stock is owned by institutional investors and hedge funds.

5 Day Chart for NYSE:CPG

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