Crescent Point Energy Corp (TSE:CPG) (NYSE:CPG) hit a new 52-week low on Monday . The stock traded as low as C$3.29 and last traded at C$3.30, with a volume of 2080816 shares traded. The stock had previously closed at C$3.42.
A number of equities research analysts have recently weighed in on the company. GMP Securities dropped their target price on Crescent Point Energy from C$10.50 to C$8.00 in a research report on Thursday, December 13th. National Bank Financial decreased their price objective on Crescent Point Energy from C$16.00 to C$6.50 and set an “outperform” rating for the company in a research note on Monday, December 10th. TD Securities decreased their price objective on Crescent Point Energy from C$9.50 to C$8.00 and set a “hold” rating for the company in a research note on Friday, October 26th. Raymond James reaffirmed a “market perform” rating and set a C$11.00 price objective on shares of Crescent Point Energy in a research note on Friday, October 26th. Finally, Royal Bank of Canada decreased their price objective on Crescent Point Energy from C$11.00 to C$6.00 in a research note on Tuesday, January 8th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of C$8.77.
The company has a quick ratio of 0.42, a current ratio of 0.48 and a debt-to-equity ratio of 46.70. The company has a market cap of $1.88 billion and a PE ratio of -6.35.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Friday, March 15th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $0.04 dividend on an annualized basis and a yield of 1.21%. Crescent Point Energy’s payout ratio is -69.23%.
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About Crescent Point Energy (TSE:CPG)
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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