Crescent Point Energy Co. (CPG) Receives Consensus Recommendation of “Hold” from Brokerages

Crescent Point Energy Co. (NYSE:CPG) (TSE:CPG) has received an average rating of “Hold” from the nine ratings firms that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $15.75.

A number of brokerages recently weighed in on CPG. ValuEngine cut shares of Crescent Point Energy from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Zacks Investment Research cut shares of Crescent Point Energy from a “buy” rating to a “hold” rating in a report on Tuesday. AltaCorp Capital restated a “buy” rating and set a $16.25 target price on shares of Crescent Point Energy in a report on Monday, January 15th. UBS cut shares of Crescent Point Energy from an “outperform” rating to a “market perform” rating in a report on Thursday, December 14th. Finally, Raymond James Financial cut shares of Crescent Point Energy from an “outperform” rating to a “market perform” rating in a report on Thursday, December 14th.

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A number of institutional investors have recently bought and sold shares of CPG. Ontario Teachers Pension Plan Board acquired a new position in Crescent Point Energy in the 4th quarter worth approximately $142,000. Virtu Financial LLC boosted its stake in Crescent Point Energy by 63.1% in the 4th quarter. Virtu Financial LLC now owns 28,546 shares of the oil and gas producer’s stock worth $217,000 after purchasing an additional 11,040 shares during the period. Verition Fund Management LLC boosted its stake in Crescent Point Energy by 34.2% in the 4th quarter. Verition Fund Management LLC now owns 36,033 shares of the oil and gas producer’s stock worth $275,000 after purchasing an additional 9,184 shares during the period. Penbrook Management LLC acquired a new position in Crescent Point Energy in the 4th quarter worth approximately $300,000. Finally, Acadian Asset Management LLC boosted its stake in Crescent Point Energy by 114.3% in the 4th quarter. Acadian Asset Management LLC now owns 50,800 shares of the oil and gas producer’s stock worth $388,000 after purchasing an additional 27,100 shares during the period. 40.29% of the stock is owned by hedge funds and other institutional investors.

Shares of Crescent Point Energy (NYSE:CPG) traded up $0.28 during trading hours on Friday, reaching $6.96. 1,916,010 shares of the company were exchanged, compared to its average volume of 1,405,206. The company has a market capitalization of $3,645.91, a PE ratio of -34.80 and a beta of 1.51. Crescent Point Energy has a 1 year low of $6.40 and a 1 year high of $11.45. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.44.

Crescent Point Energy (NYSE:CPG) (TSE:CPG) last issued its earnings results on Thursday, March 1st. The oil and gas producer reported ($0.05) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.13). The business had revenue of $721.29 million for the quarter, compared to the consensus estimate of $691.70 million. Crescent Point Energy had a positive return on equity of 1.04% and a negative net margin of 4.23%. During the same quarter in the previous year, the business posted $0.18 earnings per share. research analysts predict that Crescent Point Energy will post 0.24 earnings per share for the current fiscal year.

The company also recently disclosed a monthly dividend, which was paid on Thursday, March 15th. Investors of record on Wednesday, February 28th were paid a $0.024 dividend. This represents a $0.29 dividend on an annualized basis and a yield of 4.14%. The ex-dividend date of this dividend was Tuesday, February 27th. Crescent Point Energy’s dividend payout ratio is -144.99%.

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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.

Analyst Recommendations for Crescent Point Energy (NYSE:CPG)

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