Shares of Crescent Point Energy Co. (NYSE:CPG) (TSE:CPG) have earned an average rating of “Hold” from the seven brokerages that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $15.50.

CPG has been the topic of a number of analyst reports. Scotiabank reiterated a “buy” rating and issued a $17.00 price target on shares of Crescent Point Energy in a research report on Tuesday, October 10th. Royal Bank of Canada reiterated a “hold” rating and issued a $14.00 price target on shares of Crescent Point Energy in a research report on Monday, September 25th. ValuEngine upgraded shares of Crescent Point Energy from a “sell” rating to a “hold” rating in a research report on Thursday, October 12th. Desjardins downgraded shares of Crescent Point Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, October 11th. Finally, Zacks Investment Research downgraded shares of Crescent Point Energy from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 27th.

Shares of Crescent Point Energy (NYSE CPG) traded down $0.14 during trading hours on Thursday, hitting $7.04. 1,298,989 shares of the company were exchanged, compared to its average volume of 1,196,090. The firm has a market cap of $3,853.31, a P/E ratio of 22.06 and a beta of 1.52. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.44. Crescent Point Energy has a 1-year low of $6.46 and a 1-year high of $14.33.

The business also recently announced a dividend, which was paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 31st were issued a dividend of $0.024 per share. This is an increase from Crescent Point Energy’s previous dividend of $0.02. The ex-dividend date was Monday, October 30th. Crescent Point Energy’s dividend payout ratio (DPR) is -34.15%.

A number of hedge funds have recently made changes to their positions in CPG. Sciencast Management LP raised its holdings in Crescent Point Energy by 26.6% during the 2nd quarter. Sciencast Management LP now owns 15,244 shares of the oil and gas producer’s stock worth $117,000 after buying an additional 3,204 shares during the period. DekaBank Deutsche Girozentrale raised its holdings in Crescent Point Energy by 19.3% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 22,244 shares of the oil and gas producer’s stock worth $171,000 after buying an additional 3,600 shares during the period. Candriam Luxembourg S.C.A. raised its holdings in Crescent Point Energy by 14.7% during the 2nd quarter. Candriam Luxembourg S.C.A. now owns 33,488 shares of the oil and gas producer’s stock worth $256,000 after buying an additional 4,290 shares during the period. Korea Investment CORP raised its holdings in Crescent Point Energy by 1.9% during the 2nd quarter. Korea Investment CORP now owns 34,122 shares of the oil and gas producer’s stock worth $261,000 after buying an additional 645 shares during the period. Finally, Airain ltd raised its holdings in Crescent Point Energy by 30.5% during the 2nd quarter. Airain ltd now owns 38,512 shares of the oil and gas producer’s stock worth $295,000 after buying an additional 9,012 shares during the period. Hedge funds and other institutional investors own 39.72% of the company’s stock.

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About Crescent Point Energy

Crescent Point Energy Corp. acquires, explores, develops, and produces light and medium oil and natural gas properties 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, Colorado, and Utah.

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