BidaskClub cut shares of Crescent Point Energy Corporation (NYSE:CPG) (TSE:CPG) from a sell rating to a strong sell rating in a report issued on Sunday.

A number of other analysts have also weighed in on the stock. Zacks Investment Research lowered shares of Crescent Point Energy Corporation from a buy rating to a hold rating in a report on Friday, July 21st. ValuEngine raised shares of Crescent Point Energy Corporation from a sell rating to a hold rating in a report on Tuesday, July 11th. Finally, AltaCorp Capital reaffirmed an outperform rating on shares of Crescent Point Energy Corporation in a report on Tuesday, May 9th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. Crescent Point Energy Corporation has an average rating of Buy and an average target price of $20.94.

Crescent Point Energy Corporation (NYSE CPG) opened at 7.35 on Friday. The firm’s 50-day moving average price is $7.68 and its 200-day moving average price is $9.83. The company’s market capitalization is $4.01 billion. Crescent Point Energy Corporation has a 52 week low of $6.97 and a 52 week high of $17.22.

Crescent Point Energy Corporation (NYSE:CPG) (TSE:CPG) last issued its quarterly earnings results on Thursday, July 27th. The oil and gas producer reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.08. The business had revenue of $605.03 million during the quarter, compared to analyst estimates of $602.04 million. Crescent Point Energy Corporation had a negative net margin of 13.80% and a positive return on equity of 1.83%. During the same quarter last year, the business posted $0.03 earnings per share. On average, equities analysts expect that Crescent Point Energy Corporation will post $0.20 earnings per share for the current year.

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The firm also recently announced a monthly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Monday, July 31st will be issued a dividend of $0.023 per share. This represents a $0.28 dividend on an annualized basis and a yield of 3.76%. The ex-dividend date of this dividend is Thursday, July 27th. This is a positive change from Crescent Point Energy Corporation’s previous monthly dividend of $0.02. Crescent Point Energy Corporation’s payout ratio is currently -48.28%.

Hedge funds have recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Crescent Point Energy Corporation by 5.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 209,872 shares of the oil and gas producer’s stock worth $1,603,000 after buying an additional 9,946 shares in the last quarter. Airain ltd raised its stake in Crescent Point Energy Corporation by 30.5% in the second 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 in the last quarter. Andra AP fonden acquired a new stake in Crescent Point Energy Corporation during the second quarter worth approximately $1,692,000. Addenda Capital Inc. raised its stake in Crescent Point Energy Corporation by 4.3% in the second quarter. Addenda Capital Inc. now owns 628,507 shares of the oil and gas producer’s stock worth $4,815,000 after buying an additional 25,686 shares in the last quarter. Finally, Legal & General Group Plc raised its stake in Crescent Point Energy Corporation by 0.8% in the second quarter. Legal & General Group Plc now owns 2,538,602 shares of the oil and gas producer’s stock worth $18,756,000 after buying an additional 20,507 shares in the last quarter. 41.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Recommendations for Crescent Point Energy Corporation (NYSE:CPG)

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