Somewhat Positive Press Coverage Somewhat Unlikely to Impact Crescent Point Energy Corporation (CPG) Share Price

Media stories about Crescent Point Energy Corporation (NYSE:CPG) (TSE:CPG) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Crescent Point Energy Corporation earned a news sentiment score of 0.11 on Accern’s scale. Accern also gave news stories about the oil and gas producer an impact score of 47.2826488508135 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

These are some of the media headlines that may have effected Accern Sentiment’s rankings:

Crescent Point Energy Corporation (NYSE CPG) traded down $0.21 during midday trading on Wednesday, hitting $7.55. 1,556,700 shares of the company’s stock were exchanged, compared to its average volume of 1,180,431. The stock has a market capitalization of $4,240.00, a PE ratio of 26.09 and a beta of 1.58. Crescent Point Energy Corporation has a fifty-two week low of $6.46 and a fifty-two week high of $14.74. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.44.

The business also recently declared a dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 31st will be issued a $0.024 dividend. The ex-dividend date is Monday, October 30th. This is a boost from Crescent Point Energy Corporation’s previous dividend of $0.02. Crescent Point Energy Corporation’s dividend payout ratio (DPR) is currently -32.95%.

A number of research analysts have issued reports on CPG shares. Scotiabank reaffirmed a “buy” rating and issued a $17.00 price target on shares of Crescent Point Energy Corporation in a report on Tuesday, October 10th. Zacks Investment Research raised shares of Crescent Point Energy Corporation from a “hold” rating to a “strong-buy” rating and set a $9.00 price target for the company in a report on Tuesday, October 10th. ValuEngine cut shares of Crescent Point Energy Corporation from a “hold” rating to a “sell” rating in a report on Friday, September 1st. BidaskClub cut shares of Crescent Point Energy Corporation from a “sell” rating to a “strong sell” rating in a report on Sunday, August 6th. Finally, Desjardins cut shares of Crescent Point Energy Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, October 11th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. Crescent Point Energy Corporation has a consensus rating of “Hold” and an average price target of $13.33.

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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.

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