Somewhat Positive Media Coverage Somewhat Unlikely to Impact Crescent Point Energy Corporation (NYSE:CPG) Share Price
Media headlines about Crescent Point Energy Corporation (NYSE:CPG) (TSE:CPG) have trended somewhat positive recently, Accern Sentiment reports. Accern identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public 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 media sentiment score of 0.20 on Accern’s scale. Accern also assigned media stories about the oil and gas producer an impact score of 46.7251715646972 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s analysis:
- Breakfast Technical Briefing on Independent Oil & Gas Stocks — ConocoPhillips, Callon Petroleum, Crescent Point … – Markets Insider (markets.businessinsider.com)
- AO Signal in Focus For Crescent Point Energy Corp (CPG.TO) – Evergreen Caller (evergreencaller.com)
- AO Indicator Trending Lower For Crescent Point Energy Corp (CPG) – FLBC News (flbcnews.com)
- Crescent Point Energy Corporati (NYSE:CPG) Closed Significantly Below Its 50 Day Moving Average – Modern Readers (modernreaders.com)
- ETFs with exposure to Crescent Point Energy Corp. : August 11, 2017 (finance.yahoo.com)
CPG has been the subject of several research analyst reports. Zacks Investment Research cut Crescent Point Energy Corporation from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 26th. AltaCorp Capital reissued an “outperform” rating on shares of Crescent Point Energy Corporation in a research report on Tuesday, May 9th. ValuEngine cut Crescent Point Energy Corporation from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Finally, BidaskClub raised Crescent Point Energy Corporation from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. Crescent Point Energy Corporation currently has a consensus rating of “Buy” and an average target price of $20.94.
Crescent Point Energy Corporation (NYSE:CPG) opened at 7.00 on Friday. Crescent Point Energy Corporation has a 12-month low of $6.94 and a 12-month high of $17.22. The firm has a 50-day moving average price of $7.47 and a 200 day moving average price of $9.61. The firm’s market cap is $3.82 billion.
Crescent Point Energy Corporation (NYSE:CPG) (TSE:CPG) last posted its quarterly earnings results on Thursday, July 27th. The oil and gas producer reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.08. Crescent Point Energy Corporation had a positive return on equity of 1.83% and a negative net margin of 13.80%. The business had revenue of $605.03 million during the quarter, compared to analysts’ expectations of $602.04 million. During the same quarter last year, the company posted $0.03 earnings per share. Equities research analysts forecast that Crescent Point Energy Corporation will post $0.20 EPS for the current year.
The firm also recently declared a monthly dividend, which will be paid on Tuesday, August 15th. Investors of record on Monday, July 31st will be issued a dividend of $0.023 per share. The ex-dividend date is Thursday, July 27th. This represents a $0.28 dividend on an annualized basis and a yield of 3.94%. This is a boost from Crescent Point Energy Corporation’s previous monthly dividend of $0.02. Crescent Point Energy Corporation’s dividend payout ratio (DPR) is presently -48.28%.
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