Crescent Point Energy Corp Receives Average Rating of “Buy” from Analysts (TSE:CPG)
Crescent Point Energy Corp (TSE:CPG) has earned an average rating of “Buy” from the nineteen brokerages that are covering the stock, Analyst Ratings.Net reports. Three research analysts have rated the stock with a hold recommendation and fourteen have issued a buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is C$50.53.
CPG has been the subject of a number of recent research reports. Analysts at Scotiabank reiterated a “sector outperform” rating on shares of Crescent Point Energy Corp in a research note on Friday, June 13th. Separately, analysts at RBC Capital raised their price target on shares of Crescent Point Energy Corp from C$52.00 to C$53.00 in a research note on Friday, June 13th. They now have an “outperform” rating on the stock. Finally, analysts at FirstEnergy Capital raised their price target on shares of Crescent Point Energy Corp from C$52.00 to C$54.00 in a research note on Friday, June 13th.
Shares of Crescent Point Energy Corp (TSE:CPG) traded down 0.30% during mid-day trading on Thursday, hitting $46.23. 82,642 shares of the company’s stock traded hands. Crescent Point Energy Corp has a 52 week low of $35.28 and a 52 week high of $48.68. The stock has a 50-day moving average of $44.96 and a 200-day moving average of $41.60. The company has a market cap of $18.404 billion and a price-to-earnings ratio of 100.80.
Crescent Point Energy Corp (TSE:CPG) last issued its quarterly earnings data on Friday, May 9th. The company reported $0.45 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.28 by $0.17. On average, analysts predict that Crescent Point Energy Corp will post $1.43 earnings per share for the current fiscal year.
The company also recently declared a jun 14 dividend, which is scheduled for Tuesday, July 15th. Investors of record on Monday, June 30th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Thursday, June 26th.
Crescent Point Energy Corp is a Canada-based oil and gas exploration, development and production company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.