According to Bloomberg.com, the eight investment research firms that are currently monitoring Crescent Point Energy Corp. (TSE: CPG) (NYSE: CPG) have given the company an average rating of “Buy” to their coverage of the company. This rating was given to the company by the research firms. The stock currently has five buy recommendations, one of which is a strong buy recommendation, three buy recommendations, and one hold recommendation from the analysts. The average one-year price forecast provided by brokerage firms that covered the stock in the previous year was 13.78 Canadian dollars per share. This was based on the stock’s performance in the previous year.
Regarding CPG, a significant number of different research reports have been written. In a report made public on Monday, Raymond James lowered the “market perform” rating that they had previously assigned to Crescent Point Energy to “underperform,” They also decreased their price objective for the company from C$12.50 to C$11.50. The target price that Stifel Nicolaus has set for Crescent Point Energy has dropped from C$16.00 to C$15.25, as stated in a research report that was made available to the general public on Monday. A research note published on October 27 by National Bankshares lowered both the “outperform” rating and the target price of C$18.00 that the company had previously assigned to Crescent Point Energy. The new target price is C$17.00. The price objective that CIBC has established for Crescent Point Energy has been reduced from C$16.00 to C$15.00, as stated in a research note published on Tuesday. BMO Capital Markets lowered their price target for Crescent Point Energy in a research note released on Tuesday, December 13. The new price target is C$12.00, down from C$13.00 previously. The final and most significant adjustment was made here.
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Thursday was the first day CPG was traded, and the opening price was 9.57 Canadian dollars. The company has a high market value of 5.29 billion Canadian dollars and a price-to-earnings ratio of 2.64, both of which indicate that the company is expensive. A debt-to-equity ratio comes in at 21.94; a quick ratio comes in at 0.49; a current ratio comes in at 0.62; and a quick ratio comes in at 0.49. The moving average for the past 200 days of the company’s stock price is 9.66 Canadian dollars, and the moving average for the past 50 days is 9.78 Canadian dollars. During the past year, the price of Crescent Point Energy has fluctuated widely, reaching an all-time low of $7.25 and an all-time high of $13.74.
On October 26, Crescent Point Energy (TSE: CPG) (NYSE: CPG) made its most recent quarterly earnings report available to the public. The actual earnings per share of the company for the quarter were 0.43 Canadian dollars, which is $0.01 higher than the consensus estimate of 0.42 Canadian dollars provided by the analysts. Customers brought 1.15 billion Canadian dollars to the business during the relevant period. According to analysts who specialize in equity analysis, the company Crescent Point Energy is expected to earn a profit of $2.11 per share this year.
In addition, the company declared a quarterly dividend, which will be paid out on April 3 of this year. The date of the distribution is set for this year. All shareholders of record as of March 15, April 3, and this year will receive a dividend payment of $0.10 per share. This payment will be made this year. On March 15, a $0.10 dividend payment per share will be made to all of the stockholders on record as of that date. On March 14, shareholders are no longer entitled to dividend payments. Before, Crescent Point Energy paid out a quarterly dividend of $0.08 per share; however, this amount has since been raised. When calculated on an annualized basis, this results in a dividend payment of $0.40 per share and a dividend yield of 4.18%. Currently, the dividend payout ratio (DPR) for Crescent Point Energy is calculated to be 6.08%.
Crescent Point Energy Corp. conducts exploration, development, and production of light and medium crude oil, natural gas liquids, and natural gas reserves in Western Canada and the United States. Additionally, it is the owner of assets in Saskatchewan, Alberta, British Columbia, and Manitoba that are associated with the production of crude oil and natural gas. In addition to its holdings in North Dakota and Montana, it also has these properties.