Royal Bank Of Canada restated their hold rating on shares of Crescent Point Energy Corporation (NYSE:CPG) (TSE:CPG) in a report published on Monday. The brokerage currently has a $14.00 price target on the oil and gas producer’s stock.

A number of other equities research analysts have also weighed in on CPG. ValuEngine lowered Crescent Point Energy Corporation from a hold rating to a sell rating in a report on Friday, June 2nd. Zacks Investment Research lowered Crescent Point Energy Corporation from a hold rating to a sell rating in a report on Wednesday, July 5th. Finally, BidaskClub raised Crescent Point Energy Corporation from a strong sell rating to a sell rating in a report on Monday, July 31st. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. Crescent Point Energy Corporation has a consensus rating of Hold and a consensus target price of $17.00.

Crescent Point Energy Corporation (CPG) opened at 8.29 on Monday. The company has a 50-day moving average price of $7.03 and a 200-day moving average price of $8.70. Crescent Point Energy Corporation has a 12-month low of $6.46 and a 12-month high of $14.74. The firm’s market cap is $4.52 billion.

Crescent Point Energy Corporation (NYSE:CPG) (TSE:CPG) last released its quarterly earnings results on Thursday, July 27th. The oil and gas producer reported $0.05 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.03) by $0.08. Crescent Point Energy Corporation had a positive return on equity of 1.83% and a negative net margin of 13.80%. The firm had revenue of $605.03 million for the quarter, compared to analyst estimates of $602.04 million. During the same quarter last year, the company posted $0.03 earnings per share. On average, equities analysts predict that Crescent Point Energy Corporation will post $0.21 earnings per share for the current year.

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The firm also recently disclosed a monthly dividend, which will be paid on Monday, October 16th. Shareholders of record on Saturday, September 30th will be issued a $0.025 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 3.68%. The ex-dividend date is Thursday, September 28th. This is a positive change from Crescent Point Energy Corporation’s previous monthly dividend of $0.02. Crescent Point Energy Corporation’s payout ratio is currently -50.00%.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Tower Research Capital LLC TRC lifted its position in shares of Crescent Point Energy Corporation by 1,273.5% during the 1st quarter. Tower Research Capital LLC TRC now owns 7,142 shares of the oil and gas producer’s stock valued at $103,000 after acquiring an additional 6,622 shares during the period. Sciencast Management LP lifted its position in shares of Crescent Point Energy Corporation by 26.6% during the 2nd quarter. Sciencast Management LP now owns 15,244 shares of the oil and gas producer’s stock valued at $117,000 after acquiring an additional 3,204 shares during the period. DekaBank Deutsche Girozentrale lifted its position in shares of Crescent Point Energy Corporation by 19.3% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 22,244 shares of the oil and gas producer’s stock valued at $171,000 after acquiring an additional 3,600 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Crescent Point Energy Corporation during the 1st quarter valued at approximately $187,000. Finally, Candriam Luxembourg S.C.A. lifted its position in shares of Crescent Point Energy Corporation by 14.7% during the 2nd quarter. Candriam Luxembourg S.C.A. now owns 33,488 shares of the oil and gas producer’s stock valued at $256,000 after acquiring an additional 4,290 shares during the period. 38.99% of the stock is currently owned by institutional investors.

Crescent Point Energy Corporation Company Profile

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.

Analyst Recommendations for Crescent Point Energy Corporation (NYSE:CPG)

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