Crescent Point Energy Corporation (NYSE:CPG) (TSE:CPG) has been assigned an average rating of “Buy” from the ten research firms that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $25.88.

A number of research analysts have recently commented on CPG shares. Zacks Investment Research downgraded shares of Crescent Point Energy Corporation from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 26th. AltaCorp Capital reaffirmed an “outperform” rating on shares of Crescent Point Energy Corporation in a research note on Tuesday, May 9th. Finally, ValuEngine downgraded shares of Crescent Point Energy Corporation from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd.

Several hedge funds and other institutional investors have recently bought and sold shares of CPG. Comerica Bank boosted its stake in shares of Crescent Point Energy Corporation by 11.3% in the fourth quarter. Comerica Bank now owns 63,068 shares of the oil and gas producer’s stock worth $799,000 after buying an additional 6,411 shares during the last quarter. FMR LLC boosted its stake in shares of Crescent Point Energy Corporation by 29.1% in the fourth quarter. FMR LLC now owns 1,042,300 shares of the oil and gas producer’s stock worth $14,168,000 after buying an additional 234,700 shares during the last quarter. Credit Agricole S A boosted its stake in shares of Crescent Point Energy Corporation by 6.4% in the fourth quarter. Credit Agricole S A now owns 74,952 shares of the oil and gas producer’s stock worth $1,018,000 after buying an additional 4,488 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in shares of Crescent Point Energy Corporation during the fourth quarter worth about $2,351,000. Finally, Two Sigma Investments LP purchased a new stake in shares of Crescent Point Energy Corporation during the fourth quarter worth about $280,000. 42.36% of the stock is owned by institutional investors.

Crescent Point Energy Corporation (CPG) traded up 0.56% during midday trading on Monday, reaching $7.18. 1,888,768 shares of the company’s stock traded hands. The company’s market capitalization is $3.91 billion. Crescent Point Energy Corporation has a 1-year low of $6.97 and a 1-year high of $17.22. The firm’s 50-day moving average is $8.75 and its 200-day moving average is $10.82.

Crescent Point Energy Corporation (NYSE:CPG) (TSE:CPG) last posted its quarterly earnings data on Thursday, April 27th. The oil and gas producer reported $0.09 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.25) by $0.34. Crescent Point Energy Corporation had a negative net margin of 25.42% and a positive return on equity of 1.57%. The company had revenue of $609.29 million during the quarter, compared to the consensus estimate of $607.80 million. During the same quarter in the prior year, the company posted ($0.01) EPS. Analysts forecast that Crescent Point Energy Corporation will post $0.17 earnings per share for the current year.

The business also recently disclosed a dividend, which will be paid on Monday, July 17th. Stockholders of record on Friday, June 30th will be paid a dividend of $0.022 per share. The ex-dividend date is Wednesday, June 28th. Crescent Point Energy Corporation’s dividend payout ratio is currently -25.96%.

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Crescent Point Energy Corporation Company Profile

Analyst Recommendations for Crescent Point Energy Corporation (NYSE:CPG)

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