Crescent Point Energy Corp Coverage Initiated by Analysts at TheStreet (CPG)
Equities researchers at TheStreet initiated coverage on shares of Crescent Point Energy Corp (TSE:CPG) in a research report issued on Monday, Analyst RN reports. The firm set a “hold” rating on the stock.
Shares of Crescent Point Energy Corp (TSE:CPG) traded down 0.46% during mid-day trading on Monday, hitting $38.53. 647,775 shares of the company’s stock traded hands. Crescent Point Energy Corp has a 52-week low of $34.53 and a 52-week high of $41.60. The stock has a 50-day moving average of $40.07 and a 200-day moving average of $39.43. The company has a market cap of $15.090 billion and a price-to-earnings ratio of 430.11.
The company also recently announced a dividend, which is scheduled for Monday, February 17th. Shareholders of record on Friday, January 31st will be paid a dividend of 0.2103 per share. The ex-dividend date is Wednesday, January 29th.
A number of other firms have also recently commented on CPG. Analysts at Scotiabank reiterated a “sector outperform” rating on shares of Crescent Point Energy Corp in a research note to investors on Wednesday, December 4th. Separately, analysts at Desjardins initiated coverage on shares of Crescent Point Energy Corp in a research note to investors on Monday, November 25th. They set a “buy” rating on the stock. Finally, analysts at TD Securities raised their price target on shares of Crescent Point Energy Corp from C$45.00 to C$46.00 in a research note to investors on Monday, November 11th. They now have a “buy” rating on the stock. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. Crescent Point Energy Corp presently has an average rating of “Buy” and a consensus target price of C$47.80.
Crescent Point Energy Corp. is an oil and gas exploration, development and production company. It is an oil and gas producer with assets focused in properties comprised of operated, light and medium oil and natural gas reserves in Canada and the United States.
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