Crescent Point Energy Corp. (NYSE:CPG)‘s stock had its “sector perform” rating reiterated by stock analysts at RBC Capital Markets in a report issued on Friday. They presently have a $20.00 price objective on the stock, down from their prior price objective of $22.00. RBC Capital Markets’ price target suggests a potential upside of 75.90% from the stock’s previous close.

Other equities analysts have also issued research reports about the company. Dundee Securities raised Crescent Point Energy Corp. from a “neutral” rating to a “buy” rating in a research report on Friday. National Bank Financial reissued an “outperform” rating on shares of Crescent Point Energy Corp. in a research report on Friday. Canaccord Genuity reissued a “buy” rating on shares of Crescent Point Energy Corp. in a research report on Friday, August 12th. TD Securities lowered Crescent Point Energy Corp. to a “buy” rating and decreased their target price for the stock from $31.00 to $30.00 in a research report on Friday, August 12th. Finally, Barclays PLC raised Crescent Point Energy Corp. from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $23.00 to $28.00 in a research report on Friday, July 22nd. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $27.88.

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

Crescent Point Energy Corp. (NYSE:CPG) opened at 11.37 on Friday. The company’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. The stock has a 50 day moving average of $12.63 and a 200-day moving average of $14.85.

Crescent Point Energy Corp. (NYSE:CPG) last issued its earnings results on Thursday, November 10th. The company reported ($0.04) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.07) by $0.03. Crescent Point Energy Corp. had a positive return on equity of 2.44% and a negative net margin of 32.46%. On average, equities research analysts anticipate that Crescent Point Energy Corp. will post ($0.57) 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 of this dividend is Thursday, October 27th. Crescent Point Energy Corp.’s dividend payout ratio is -22.50%.

A number of large investors have recently added to or reduced their stakes in CPG. Marshall Wace LLP acquired a new position in Crescent Point Energy Corp. during the second quarter valued at $183,000. M&T Bank Corp acquired a new position in Crescent Point Energy Corp. during the first quarter valued at $168,000. AHL Partners LLP acquired a new position in Crescent Point Energy Corp. during the second quarter valued at $194,000. Highbridge Capital Management LLC acquired a new position in Crescent Point Energy Corp. during the second quarter valued at $221,000. Finally, Rathbone Brothers plc acquired a new position in Crescent Point Energy Corp. during the third quarter valued at $197,000. 38.43% of the stock is owned by institutional investors.

5 Day Chart for NYSE:CPG

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