Shares of Crescent Point Energy Corp (NYSE:CPG) (TSE:CPG) have earned an average rating of “Hold” from the six brokerages that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $10.63.

A number of research analysts have weighed in on the stock. Canaccord Genuity lowered shares of Crescent Point Energy to a “buy” rating in a research note on Thursday. BMO Capital Markets reaffirmed an “average” rating and issued a $5.00 price objective on shares of Crescent Point Energy in a research note on Monday, January 7th. TD Securities raised shares of Crescent Point Energy from a “hold” rating to a “buy” rating in a research report on Monday, January 7th. Finally, Zacks Investment Research lowered shares of Crescent Point Energy from a “buy” rating to a “hold” rating in a research report on Friday, October 26th.

Crescent Point Energy stock opened at $3.39 on Friday. Crescent Point Energy has a 1-year low of $2.70 and a 1-year high of $9.25. The firm has a market capitalization of $1.90 billion, a price-to-earnings ratio of 24.21 and a beta of 1.07. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.48 and a current ratio of 0.48.

Crescent Point Energy (NYSE:CPG) (TSE:CPG) last released its quarterly earnings data on Thursday, October 25th. The oil and gas producer reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03. Crescent Point Energy had a negative net margin of 7.36% and a positive return on equity of 2.38%. The firm had revenue of $823.88 million for the quarter, compared to analyst estimates of $738.26 million. Equities research analysts predict that Crescent Point Energy will post -0.21 EPS for the current year.

The company also recently declared a monthly dividend, which was paid on Monday, December 17th. Investors of record on Friday, November 30th were given a dividend of $0.023 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 8.14%. The ex-dividend date of this dividend was Thursday, November 29th. Crescent Point Energy’s payout ratio is currently 192.86%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in CPG. Franklin Resources Inc. lifted its position in shares of Crescent Point Energy by 15.8% during the third quarter. Franklin Resources Inc. now owns 33,361,414 shares of the oil and gas producer’s stock valued at $212,163,000 after purchasing an additional 4,558,402 shares in the last quarter. Morgan Stanley raised its position in Crescent Point Energy by 93.0% in the third quarter. Morgan Stanley now owns 4,618,575 shares of the oil and gas producer’s stock worth $29,328,000 after acquiring an additional 2,225,693 shares during the period. FIL Ltd raised its position in Crescent Point Energy by 8.6% in the third quarter. FIL Ltd now owns 25,454,550 shares of the oil and gas producer’s stock worth $161,991,000 after acquiring an additional 2,023,430 shares during the period. Key Group Holdings Cayman LTD. bought a new stake in Crescent Point Energy in the third quarter worth about $6,868,000. Finally, FMR LLC bought a new stake in Crescent Point Energy in the third quarter worth about $5,679,000. 40.08% of the stock is currently owned by institutional investors.

Crescent Point Energy Company Profile

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, and Utah.

See Also: Investing in Dividend Stocks

Receive News & Ratings for Crescent Point Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crescent Point Energy and related companies with MarketBeat.com's FREE daily email newsletter.