Press coverage about Crescent Point Energy (NYSE:CPG) (TSE:CPG) has trended somewhat positive recently, according to Accern Sentiment. The research group ranks the sentiment of press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Crescent Point Energy earned a media sentiment score of 0.23 on Accern’s scale. Accern also assigned news headlines about the oil and gas producer an impact score of 45.2021947617443 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Zacks Investment Research Lowers Crescent Point Energy (CPG) to Hold (americanbankingnews.com)
- Analysts Set Crescent Point Energy Co. (CPG) Price Target at $15.75 – ExpressNewsline (expressnewsline.com)
- Crescent Point Energy Corp. (NYSE:CPG) – Trending Hot Stock’s Analysis – Nasdaq Journal (nasdaqjournal.com)
- Contrarian Investors: Is it Time to Buy Cenovus Energy Inc. (USA) or … – The Motley Fool Canada (fool.ca)
Several equities analysts have recently commented on the stock. Zacks Investment Research downgraded shares of Crescent Point Energy from a “buy” rating to a “hold” rating in a research note on Tuesday. ValuEngine downgraded shares of Crescent Point Energy from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. AltaCorp Capital reissued a “buy” rating and issued a $16.25 price target on shares of Crescent Point Energy in a research note on Monday, January 15th. UBS Group downgraded shares of Crescent Point Energy from an “outperform” rating to a “market perform” rating in a research note on Thursday, December 14th. Finally, Raymond James Financial downgraded shares of Crescent Point Energy from an “outperform” rating to a “market perform” rating in a research note on Thursday, December 14th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $13.69.
Crescent Point Energy (NYSE:CPG) (TSE:CPG) last posted its quarterly earnings results on Thursday, March 1st. The oil and gas producer reported ($0.05) EPS for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.13). Crescent Point Energy had a negative net margin of 4.23% and a positive return on equity of 1.04%. The firm had revenue of $721.29 million for the quarter, compared to analysts’ expectations of $691.70 million. During the same quarter in the previous year, the company earned $0.18 EPS. research analysts forecast that Crescent Point Energy will post 0.24 earnings per share for the current year.
The company also recently declared a monthly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th will be issued a dividend of $0.024 per share. This represents a $0.29 dividend on an annualized basis and a dividend yield of 4.32%. The ex-dividend date is Tuesday, February 27th. Crescent Point Energy’s payout ratio is -161.11%.
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About Crescent Point Energy
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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