Crescent Point Energy (CPG) Receives News Sentiment Rating of 0.23

News articles about Crescent Point Energy (NYSE:CPG) (TSE:CPG) have been trending somewhat positive this week, Accern reports. The research group identifies negative and positive press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Crescent Point Energy earned a news sentiment score of 0.23 on Accern’s scale. Accern also assigned media stories 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 stock’s share price in the near future.

Here are some of the news articles that may have impacted Accern Sentiment’s rankings:

Several research analysts have commented on CPG shares. AltaCorp Capital reaffirmed a “buy” rating and set a $16.25 price target on shares of Crescent Point Energy in a research report on Monday, January 15th. Zacks Investment Research raised Crescent Point Energy from a “hold” rating to a “buy” rating and set a $8.50 price target on the stock in a research report on Friday, December 29th. ValuEngine raised Crescent Point Energy from a “sell” rating to a “hold” rating in a research report on Friday, December 15th. Raymond James Financial lowered Crescent Point Energy from an “outperform” rating to a “market perform” rating in a research report on Thursday, December 14th. Finally, UBS lowered Crescent Point Energy from an “outperform” rating to a “market perform” rating in a research report 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 stock. Crescent Point Energy presently has an average rating of “Hold” and an average target price of $13.69.

Shares of Crescent Point Energy stock traded down $0.14 during mid-day trading on Thursday, hitting $7.30. The company’s stock had a trading volume of 931,268 shares, compared to its average volume of 1,513,757. Crescent Point Energy has a one year low of $6.40 and a one year high of $11.45. The stock has a market cap of $3,815.10, a P/E ratio of -36.15 and a beta of 1.51. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.44.

Crescent Point Energy (NYSE:CPG) (TSE:CPG) last announced its earnings results on Thursday, March 1st. The oil and gas producer reported ($0.05) earnings per share for the quarter, missing the 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 company had revenue of $721.29 million during the quarter, compared to analysts’ expectations of $691.70 million. During the same quarter last year, the business posted $0.18 earnings per share. research analysts expect that Crescent Point Energy will post 0.24 EPS for the current year.

The business also recently announced a dividend, which will be paid on Monday, April 16th. Shareholders of record on Saturday, March 31st will be paid a $0.023 dividend. The ex-dividend date is Wednesday, March 28th. Crescent Point Energy’s dividend payout ratio (DPR) is currently -144.99%.

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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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