Crescent Point Energy Corporation (NYSE:CPG) (TSE:CPG) shares hit a new 52-week low during mid-day trading on Monday . The company traded as low as $6.66 and last traded at $6.66, with a volume of 380,976 shares trading hands. The stock had previously closed at $6.84.

A number of research analysts have issued reports on the stock. Zacks Investment Research lowered shares of Crescent Point Energy Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, July 5th. BidaskClub lowered shares of Crescent Point Energy Corporation from a “sell” rating to a “strong sell” rating in a research note on Sunday, August 6th. AltaCorp Capital restated an “outperform” rating on shares of Crescent Point Energy Corporation in a research note on Tuesday, May 9th. Finally, ValuEngine upgraded shares of Crescent Point Energy Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. Crescent Point Energy Corporation has an average rating of “Hold” and a consensus price target of $20.94.

The firm has a 50 day moving average price of $7.32 and a 200-day moving average price of $9.36. The firm’s market cap is $3.62 billion.

Crescent Point Energy Corporation (NYSE:CPG) (TSE:CPG) last announced its earnings results on Thursday, July 27th. The oil and gas producer reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.08. The business had revenue of $605.03 million for the quarter, compared to analysts’ expectations 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 period in the previous year, the company posted $0.03 EPS. Equities research analysts forecast that Crescent Point Energy Corporation will post $0.19 EPS for the current fiscal year.

The firm also recently announced a monthly dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 31st will be issued a $0.024 dividend. This represents a $0.29 dividend on an annualized basis and a dividend yield of 4.34%. This is a boost from Crescent Point Energy Corporation’s previous monthly dividend of $0.02. The ex-dividend date of this dividend is Tuesday, August 29th. Crescent Point Energy Corporation’s payout ratio is presently -48.28%.

Institutional investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC boosted its position in shares of Crescent Point Energy Corporation by 1,273.5% in the first quarter. Tower Research Capital LLC TRC now owns 7,142 shares of the oil and gas producer’s stock worth $103,000 after buying an additional 6,622 shares during the last quarter. Sciencast Management LP boosted its position in shares of Crescent Point Energy Corporation by 26.6% in the second 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 last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Crescent Point Energy Corporation during the first quarter worth approximately $187,000. DekaBank Deutsche Girozentrale boosted its position in shares of Crescent Point Energy Corporation by 19.3% in the second 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 last quarter. Finally, Candriam Luxembourg S.C.A. boosted its position in shares of Crescent Point Energy Corporation by 80.5% in the first quarter. Candriam Luxembourg S.C.A. now owns 29,198 shares of the oil and gas producer’s stock worth $315,000 after buying an additional 13,024 shares during the last quarter. 41.00% of the stock is currently owned by institutional investors and hedge funds.

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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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