ValuEngine upgraded shares of Crescent Point Energy Corporation (NYSE:CPG) (TSE:CPG) from a sell rating to a hold rating in a research report report published on Thursday.

Several other equities research analysts have also weighed in on CPG. Zacks Investment Research lowered shares of Crescent Point Energy Corporation from a hold rating to a sell rating in a report on Wednesday, July 5th. BidaskClub raised shares of Crescent Point Energy Corporation from a strong sell rating to a sell rating in a report on Monday, July 31st. Royal Bank Of Canada reaffirmed a hold rating and issued a $14.00 target price on shares of Crescent Point Energy Corporation in a report on Monday, September 25th. Scotiabank reaffirmed a buy rating and issued a $17.00 target price on shares of Crescent Point Energy Corporation in a report on Tuesday, October 10th. Finally, Desjardins lowered shares of Crescent Point Energy Corporation from a buy rating to a hold rating in a report on Wednesday, October 11th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $13.33.

Crescent Point Energy Corporation (CPG) opened at 7.625 on Thursday. Crescent Point Energy Corporation has a 1-year low of $6.46 and a 1-year high of $14.74. The firm’s 50-day moving average is $7.50 and its 200-day moving average is $8.32. The firm’s market capitalization is $4.16 billion.

Crescent Point Energy Corporation (NYSE:CPG) (TSE:CPG) last posted its earnings results on Thursday, July 27th. The oil and gas producer reported $0.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.08. Crescent Point Energy Corporation had a negative net margin of 13.80% and a positive return on equity of 1.83%. The business had revenue of $605.03 million for the quarter, compared to analyst estimates of $602.04 million. During the same quarter in the prior year, the firm earned $0.03 EPS. On average, equities analysts anticipate that Crescent Point Energy Corporation will post $0.20 EPS for the current year.

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The company also recently announced a monthly dividend, which will be paid on Monday, October 16th. Stockholders of record on Saturday, September 30th will be issued a $0.025 dividend. This is a positive change from Crescent Point Energy Corporation’s previous monthly dividend of $0.02. The ex-dividend date is Thursday, September 28th. This represents a $0.30 annualized dividend and a dividend yield of 3.97%. Crescent Point Energy Corporation’s dividend payout ratio is presently -51.72%.

A number of large investors have recently modified their holdings of the business. Korea Investment CORP grew its holdings in Crescent Point Energy Corporation by 1.9% during the 2nd quarter. Korea Investment CORP now owns 34,122 shares of the oil and gas producer’s stock worth $261,000 after acquiring an additional 645 shares during the last quarter. AQR Capital Management LLC grew its holdings in Crescent Point Energy Corporation by 0.6% during the 1st quarter. AQR Capital Management LLC now owns 317,425 shares of the oil and gas producer’s stock worth $3,420,000 after acquiring an additional 1,980 shares during the last quarter. Sciencast Management LP grew its holdings in 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 worth $117,000 after acquiring an additional 3,204 shares during the last quarter. Parametric Portfolio Associates LLC grew its holdings in Crescent Point Energy Corporation by 3.1% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 113,088 shares of the oil and gas producer’s stock worth $865,000 after acquiring an additional 3,407 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale grew its holdings in 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 worth $171,000 after acquiring an additional 3,600 shares during the last quarter. 38.98% of the stock is currently owned by hedge funds and other 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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

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