Crescent Point Energy Corp. (TSE:CPG - Get Free Report) NYSE: CPG shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$10.36 and traded as high as C$10.89. Crescent Point Energy shares last traded at C$10.82, with a volume of 1,441,468 shares changing hands.
Analyst Upgrades and Downgrades
Several equities research analysts recently issued reports on CPG shares. Canaccord Genuity Group upped their price target on Crescent Point Energy from C$14.00 to C$14.50 and gave the company a "buy" rating in a research report on Tuesday, May 7th. Desjardins upped their price target on Crescent Point Energy from C$14.00 to C$15.00 and gave the company a "buy" rating in a research report on Monday, May 13th. CIBC increased their target price on Crescent Point Energy from C$14.00 to C$15.00 and gave the stock an "outperform" rating in a research report on Monday, April 22nd. Stifel Nicolaus increased their target price on Crescent Point Energy from C$14.25 to C$16.00 and gave the stock a "buy" rating in a research report on Tuesday, April 23rd. Finally, Jefferies Financial Group increased their target price on Crescent Point Energy from C$12.00 to C$14.00 in a research report on Tuesday, April 23rd. Ten analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of C$14.80.
Check Out Our Latest Research Report on CPG
Crescent Point Energy Price Performance
The company has a 50-day moving average of C$11.44 and a 200 day moving average of C$10.38. The company has a debt-to-equity ratio of 58.46, a quick ratio of 0.49 and a current ratio of 1.03. The firm has a market cap of C$6.67 billion, a P/E ratio of 22.02, a P/E/G ratio of -0.59 and a beta of 2.84.
Crescent Point Energy Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 2nd. Stockholders of record on Saturday, June 15th will be given a dividend of $0.115 per share. The ex-dividend date is Friday, June 14th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 4.26%. Crescent Point Energy's payout ratio is currently 93.88%.
Insider Transactions at Crescent Point Energy
In related news, Senior Officer Mark Gordon Eade sold 34,497 shares of Crescent Point Energy stock in a transaction on Thursday, April 4th. The stock was sold at an average price of C$11.83, for a total transaction of C$408,099.51. 0.50% of the stock is currently owned by corporate insiders.
About Crescent Point Energy
(
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Crescent Point Energy Corp. explores, develops, and produces oil and gas properties in Canada and the United States. The company focuses on crude oil, tight oil, natural gas liquids, shale gas, and natural gas reserves. Its properties are located in the provinces of Saskatchewan, Alberta, British Columbia, and Manitoba; and the states of North Dakota.
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