Crescent Point En Downgraded by Zacks to Neutral (CPG)
Crescent Point En (NYSE:CPG) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a report released on Friday. They currently have a $48.30 price target on the stock. Zacks‘s price objective would indicate a potential upside of 18.32% from the stock’s previous close.
Separately, analysts at TheStreet upgraded shares of Crescent Point En from a “hold” rating to a “buy” rating in a research note on Tuesday, May 13th.
Crescent Point En (NYSE:CPG) opened at 40.15 on Friday. Crescent Point En has a 1-year low of $33.72 and a 1-year high of $44.84. The stock’s 50-day moving average is $42.4 and its 200-day moving average is $38.84. The company has a market cap of $15.983 billion and a P/E ratio of 98.36.
Crescent Point En (NYSE:CPG) last posted its quarterly earnings results on Friday, May 9th. The company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by $0.02.
The company also recently announced a monthly dividend, which is scheduled for Friday, August 15th. Shareholders of record on Thursday, July 31st will be paid a dividend of $0.216 per share. This represents a $2.59 annualized dividend and a dividend yield of 6.35%. The ex-dividend date is Tuesday, July 29th.
To view Zacks’ full report, visit Zacks’ official website.
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