Shares of Crescent Point Energy Corp. (NYSE:CPG) (TSE:CPG) have received a consensus recommendation of “Buy” from the twelve ratings firms that are presently covering the firm. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $30.81.

A number of equities research analysts have recently issued reports on CPG shares. National Bank Financial reaffirmed an “outperform” rating on shares of Crescent Point Energy Corp. in a report on Friday, November 11th. Zacks Investment Research cut shares of Crescent Point Energy Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, October 18th. RBC Capital Markets reaffirmed a “sector perform” rating and issued a $20.00 target price (down from $22.00) on shares of Crescent Point Energy Corp. in a report on Friday, November 11th. Dundee Securities raised shares of Crescent Point Energy Corp. from a “neutral” rating to a “buy” rating in a report on Friday, November 11th. Finally, TD Securities reaffirmed a “buy” rating and issued a $28.00 target price (down from $30.00) on shares of Crescent Point Energy Corp. in a report on Friday, September 23rd.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Crescent Point Energy Corp. by 3.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 315,346 shares of the company’s stock worth $4,956,000 after buying an additional 10,208 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Crescent Point Energy Corp. by 1.2% in the second quarter. Bank of New York Mellon Corp now owns 523,921 shares of the company’s stock worth $8,272,000 after buying an additional 5,966 shares during the last quarter. Tocqueville Asset Management L.P. raised its position in shares of Crescent Point Energy Corp. by 89.2% in the second quarter. Tocqueville Asset Management L.P. now owns 20,150 shares of the company’s stock worth $318,000 after buying an additional 9,500 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Crescent Point Energy Corp. by 1.5% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,463,497 shares of the company’s stock worth $23,014,000 after buying an additional 21,292 shares during the last quarter. Finally, Henderson Group PLC raised its position in shares of Crescent Point Energy Corp. by 16.8% in the second quarter. Henderson Group PLC now owns 103,156 shares of the company’s stock worth $1,629,000 after buying an additional 14,873 shares during the last quarter. Hedge funds and other institutional investors own 38.00% of the company’s stock.

Crescent Point Energy Corp. (NYSE:CPG) opened at 12.28 on Monday. The firm’s 50-day moving average is $12.41 and its 200-day moving average is $14.66. Crescent Point Energy Corp. has a 52 week low of $7.82 and a 52 week high of $18.95. The company’s market cap is $6.65 billion.

Crescent Point Energy Corp. (NYSE:CPG) last issued its earnings results on Thursday, November 10th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating the Zacks’ 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%. On average, analysts expect that Crescent Point Energy Corp. will post ($0.58) EPS for the current fiscal year.

The firm also recently announced a dividend, which will be paid on Thursday, December 15th. Shareholders of record on Wednesday, November 30th will be given a dividend of $0.022 per share. The ex-dividend date of this dividend is Monday, November 28th. Crescent Point Energy Corp.’s payout ratio is presently -22.50%.

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Crescent Point Energy Corp. Company Profile

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