Crescent Point Energy’s (CPG) “Market Perform” Rating Reiterated at Raymond James

Raymond James reaffirmed their market perform rating on shares of Crescent Point Energy (TSE:CPG) (NYSE:CPG) in a research report released on Wednesday, BayStreet.CA reports. Raymond James currently has a C$6.50 price objective on the stock.

A number of other analysts also recently issued reports on the stock. Tudor Pickering & Holt upgraded shares of Crescent Point Energy from a hold rating to a buy rating and set a C$9.50 price objective for the company in a report on Tuesday, January 7th. Royal Bank of Canada raised their price objective on shares of Crescent Point Energy from C$7.00 to C$7.50 and gave the stock a sector perform rating in a report on Wednesday. Scotiabank raised their price objective on shares of Crescent Point Energy from C$7.75 to C$9.00 in a report on Tuesday. National Bank Financial decreased their price objective on shares of Crescent Point Energy from C$10.00 to C$9.50 and set an outperform rating for the company in a report on Wednesday. Finally, Tudor Pickering upgraded shares of Crescent Point Energy from a hold rating to a buy rating and set a C$9.50 price objective for the company in a report on Tuesday, January 7th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of Buy and an average target price of C$8.25.

TSE CPG traded up C$0.06 during trading hours on Wednesday, reaching C$5.66. 1,577,261 shares of the company were exchanged, compared to its average volume of 3,316,288. Crescent Point Energy has a 1 year low of C$3.24 and a 1 year high of C$6.30. The business’s 50 day simple moving average is C$5.38 and its 200-day simple moving average is C$4.93. The company has a quick ratio of 0.46, a current ratio of 1.63 and a debt-to-equity ratio of 59.16. The stock has a market capitalization of $3.20 billion and a P/E ratio of -1.25.

Crescent Point Energy (TSE:CPG) (NYSE:CPG) last posted its quarterly earnings data on Thursday, October 31st. The company reported C$0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.13 by C($0.07). The company had revenue of C$769.10 million for the quarter, compared to analyst estimates of C$798.00 million. As a group, sell-side analysts anticipate that Crescent Point Energy will post 0.21 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Thursday, January 2nd were paid a $0.01 dividend. The ex-dividend date was Thursday, December 12th. This represents a $0.04 annualized dividend and a dividend yield of 0.71%. Crescent Point Energy’s payout ratio is -2.64%.

About Crescent Point Energy

Crescent Point Energy Corp. explores, develops, and produces light and medium crude oil and natural gas reserves 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, and Utah.

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Analyst Recommendations for Crescent Point Energy (TSE:CPG)

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