Crescent Point Energy Corporation (CPG) Receiving Somewhat Positive Press Coverage, Report Finds
Media headlines about Crescent Point Energy Corporation (NYSE:CPG) (TSE:CPG) have trended somewhat positive recently, Accern Sentiment reports. The research firm identifies negative and positive press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Crescent Point Energy Corporation earned a daily sentiment score of 0.07 on Accern’s scale. Accern also gave media coverage about the oil and gas producer an impact score of 46.7075074243119 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Shares of Crescent Point Energy Corporation (CPG) opened at 7.37 on Friday. The company’s 50-day moving average price is $7.06 and its 200 day moving average price is $8.80. Crescent Point Energy Corporation has a 52 week low of $6.46 and a 52 week high of $14.74. The company’s market cap is $4.02 billion.
Crescent Point Energy Corporation (NYSE:CPG) (TSE:CPG) last issued its quarterly earnings results on Thursday, July 27th. The oil and gas producer reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.08. The company had revenue of $605.03 million for the quarter, compared to the consensus estimate of $602.04 million. Crescent Point Energy Corporation had a positive return on equity of 1.83% and a negative net margin of 13.80%. During the same quarter in the prior year, the business posted $0.03 earnings per share. Equities research analysts anticipate that Crescent Point Energy Corporation will post $0.21 earnings per share for the current fiscal year.
The firm also recently declared a monthly dividend, which was paid on Friday, September 15th. Shareholders of record on Thursday, August 31st were given a dividend of $0.024 per share. The ex-dividend date was Tuesday, August 29th. This represents a $0.29 dividend on an annualized basis and a yield of 3.91%. This is an increase from Crescent Point Energy Corporation’s previous monthly dividend of $0.02. Crescent Point Energy Corporation’s dividend payout ratio is currently -48.28%.
Several research analysts have recently commented on the company. BidaskClub raised Crescent Point Energy Corporation from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. ValuEngine raised Crescent Point Energy Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th. Finally, Zacks Investment Research downgraded Crescent Point Energy Corporation from a “buy” rating to a “hold” rating in a research note on Friday, July 21st. Two research analysts have rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the stock. Crescent Point Energy Corporation has a consensus rating of “Hold” and an average target price of $20.94.
About Crescent Point Energy Corporation
Crescent Point Energy Corp. acquires, explores, develops, and produces light and medium oil and natural gas properties in Western Canada and the United States. The company's crude oil and natural gas properties, and related assets are located in the provinces of Saskatchewan, Alberta, British Columbia, and Manitoba; and the states of North Dakota, Montana, Colorado, and Utah.
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