Crescent Point Energy Corp. (TSE:CPG) Receives Average Recommendation of “Buy” from Analysts

Crescent Point Energy Corp. (TSE:CPG) (NYSE:CPG) has received a consensus recommendation of “Buy” from the ten research firms that are presently covering the company, MarketBeat reports. Ten analysts have rated the stock with a buy rating. The average 1 year target price among brokerages that have covered the stock in the last year is C$14.80.

A number of analysts have commented on the company. ATB Capital boosted their target price on Crescent Point Energy from C$12.00 to C$13.00 in a research report on Monday, April 22nd. BMO Capital Markets boosted their target price on Crescent Point Energy from C$13.00 to C$14.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 7th. National Bankshares boosted their target price on Crescent Point Energy from C$14.00 to C$19.00 and gave the stock an “outperform” rating in a research report on Friday, April 19th. Canaccord Genuity Group boosted their target price on Crescent Point Energy from C$14.00 to C$14.50 and gave the stock a “buy” rating in a research report on Tuesday, May 7th. Finally, Desjardins boosted their price target on Crescent Point Energy from C$14.00 to C$15.00 and gave the stock a “buy” rating in a report on Monday, May 13th.

Insider Buying and Selling at Crescent Point Energy

In other Crescent Point Energy news, Senior Officer Mark Gordon Eade sold 34,497 shares of the business’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of C$11.83, for a total transaction of C$408,099.51. 0.50% of the stock is owned by company insiders.

Crescent Point Energy Stock Up 2.1 %

Crescent Point Energy stock opened at C$10.43 on Thursday. The company has a debt-to-equity ratio of 58.46, a current ratio of 1.03 and a quick ratio of 0.49. Crescent Point Energy has a 1-year low of C$8.16 and a 1-year high of C$12.67. The company has a market cap of C$6.45 billion, a PE ratio of 21.29, a price-to-earnings-growth ratio of -0.59 and a beta of 2.84. The stock’s 50 day moving average price is C$11.62 and its 200 day moving average price is C$10.30.

Crescent Point Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 2nd. Investors of record on Saturday, June 15th will be paid a $0.115 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.46 annualized dividend and a yield of 4.41%. Crescent Point Energy’s payout ratio is currently 93.88%.

About Crescent Point Energy

Crescent Point Energy Corp. explores, develops, and produces oil and gas properties in Canada and the United States. The company focuses on crude oil, tight oil, natural gas liquids, shale gas, and natural gas reserves. Its properties are located in the provinces of Saskatchewan, Alberta, British Columbia, and Manitoba; and the states of North Dakota.