Crescent Point Energy (CPG) PT Lowered to C$11.00 at Raymond James

Crescent Point Energy (TSE:CPG) (NYSE:CPG) had its target price cut by Raymond James from C$13.00 to C$11.00 in a report issued on Friday.

A number of other equities analysts have also issued reports on the company. BMO Capital Markets cut their target price on Crescent Point Energy from C$13.50 to C$10.00 and set an outperform rating on the stock in a research report on Thursday, September 6th. TD Securities cut their target price on Crescent Point Energy from C$11.00 to C$9.50 and set a hold rating on the stock in a research report on Thursday, September 6th. CIBC cut their target price on Crescent Point Energy from C$13.00 to C$11.00 in a research report on Thursday, September 6th. National Bank Financial cut their target price on Crescent Point Energy from C$16.50 to C$16.00 and set an outperform rating on the stock in a research report on Friday, July 27th. Finally, Eight Capital cut their target price on Crescent Point Energy from C$15.00 to C$13.50 in a research report on Friday, July 27th.

Crescent Point Energy stock opened at C$8.10 on Friday. Crescent Point Energy has a one year low of C$6.66 and a one year high of C$11.81.

Crescent Point Energy (TSE:CPG) (NYSE:CPG) last released its quarterly earnings results on Thursday, July 26th. The company reported C$0.19 EPS for the quarter, topping the consensus estimate of C$0.12 by C$0.07. The firm had revenue of C$931.90 million for the quarter, compared to analyst estimates of C$942.60 million. Crescent Point Energy had a return on equity of 2.23% and a net margin of 6.44%.

The firm also recently announced a monthly dividend, which will be paid on Monday, October 15th. Shareholders of record on Sunday, September 30th will be given a $0.03 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 4.44%. The ex-dividend date is Thursday, September 27th.

In other Crescent Point Energy news, insider Bradley Harlan Borggard bought 15,000 shares of the business’s stock in a transaction on Friday, September 7th. The shares were bought at an average cost of C$6.87 per share, with a total value of C$103,050.00. Over the last ninety days, insiders acquired 18,165 shares of company stock worth $125,882.

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.

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