Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Crescent Point Energy (CPG) Share Price
News articles about Crescent Point Energy (NYSE:CPG) (TSE:CPG) have been trending somewhat positive on Thursday, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Crescent Point Energy earned a news impact score of 0.24 on Accern’s scale. Accern also assigned news articles about the oil and gas producer an impact score of 46.1658974141324 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the media stories that may have effected Accern Sentiment’s analysis:
- Crescent Point Energy Co. (CPG) Receives Consensus Recommendation of “Hold” from Analysts (americanbankingnews.com)
- Atlas Resource Partners (ARPJQ) vs. Crescent Point Energy (CPG) Head to Head Review (americanbankingnews.com)
- Crescent Point Energy (CPG) and Triangle Petroleum (TPLM) Head-To-Head Comparison (americanbankingnews.com)
- Which Is the Better Buy: Baytex Energy Corp. or Crescent Point Energy Corp.? (fool.ca)
Shares of Crescent Point Energy (CPG) traded up $0.01 during trading on Thursday, hitting $7.02. The stock had a trading volume of 1,949,262 shares, compared to its average volume of 1,195,762. The stock has a market capitalization of $4,006.13, a price-to-earnings ratio of 22.94 and a beta of 1.52. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.72 and a current ratio of 0.72. Crescent Point Energy has a 1 year low of $6.46 and a 1 year high of $14.74.
The company also recently declared a dividend, which was paid on Wednesday, November 15th. Stockholders of record on Tuesday, October 31st were paid a dividend of $0.024 per share. The ex-dividend date of this dividend was Monday, October 30th. This is a positive change from Crescent Point Energy’s previous dividend of $0.02. Crescent Point Energy’s dividend payout ratio (DPR) is currently -34.15%.
A number of brokerages recently issued reports on CPG. Royal Bank Of Canada restated a “hold” rating and issued a $14.00 price target on shares of Crescent Point Energy in a research report on Monday, September 25th. Zacks Investment Research upgraded Crescent Point Energy from a “hold” rating to a “strong-buy” rating and set a $9.50 price target for the company in a research report on Tuesday, September 26th. Desjardins downgraded Crescent Point Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, October 11th. ValuEngine upgraded Crescent Point Energy from a “sell” rating to a “hold” rating in a research note on Thursday, October 12th. Finally, Scotiabank reiterated a “buy” rating and issued a $17.00 target price on shares of Crescent Point Energy in a research note on Tuesday, October 10th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $13.33.
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Crescent Point Energy 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.
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