Crescent Point Energy Corporation (CPG) Earning Somewhat Favorable News Coverage, Study Shows
News coverage about Crescent Point Energy Corporation (NYSE:CPG) (TSE:CPG) has been trending somewhat positive on Friday, Accern Sentiment Analysis reports. Accern identifies positive and negative news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Crescent Point Energy Corporation earned a news sentiment score of 0.11 on Accern’s scale. Accern also assigned headlines about the oil and gas producer an impact score of 46.7590751510359 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the news headlines that may have effected Accern Sentiment’s rankings:
- Crescent Point Energy Corp. :CPG-US: Earnings Analysis: Q3, 2017 By the Numbers : October 31, 2017 (finance.yahoo.com)
- Monitor High Dividend Stock: Crescent Point Energy Corp. (CPG) Yielding 3.67% – Voice Of Analysts (analystsbuzz.com)
- Signals from Technical Perspective: Crescent Point Energy Corp (NYSE: CPG) – Alpha Beta Stock (alphabetastock.com)
- TSX trades above 16000 as Canopy Growth surges – BNN (bnn.ca)
- Crescent Point Energy Stock Slips Despite Rosier Outlook – SmallCapPower (press release) (smallcappower.com)
A number of equities research analysts have weighed in on CPG shares. ValuEngine upgraded shares of Crescent Point Energy Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th. Zacks Investment Research upgraded shares of Crescent Point Energy Corporation from a “hold” rating to a “strong-buy” rating and set a $8.25 price target on the stock in a research note on Tuesday, July 11th. BidaskClub upgraded shares of Crescent Point Energy Corporation from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. Royal Bank Of Canada reiterated a “hold” rating and set a $14.00 price target on shares of Crescent Point Energy Corporation in a research note on Monday, September 25th. Finally, Scotiabank reiterated a “buy” rating and set a $17.00 price target on shares of Crescent Point Energy Corporation in a research note on Tuesday, October 10th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. Crescent Point Energy Corporation has an average rating of “Hold” and a consensus target price of $13.33.
The company also recently disclosed a dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 31st will be issued a $0.024 dividend. This is a positive change from Crescent Point Energy Corporation’s previous dividend of $0.02. The ex-dividend date of this dividend is Monday, October 30th. Crescent Point Energy Corporation’s dividend payout ratio is currently -35.37%.
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Crescent Point Energy Corporation 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, Colorado, and Utah.
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