Stocks News Update: Crescent Point Energy Corp. (NYSE:CPG)


Crescent Point Energy Corp. (NYSE:CPG) added 12.73% and closed its last session at $12.75. The stock has the market capitalization of $6.9 Billion with the total outstanding shares of 541.38 Million. Crescent Point Energy Corp.. has Analysts’ Mean Recommendation of 1.83 between the scale of 1 to 5 (1 represents Strong Buy and 5 means Sell). The stock currently has P/E of 0 for trailing twelve months while its Forward P/E is 1275.

Crescent Point Energy Corp. (NYSE:CPG) touched its 52-Week High of $18.95 on Jun 8, 2016 while it’s 52-Week Low of $7.82 on Jan 20, 2016. The company currently has Return on Assets of 0 percent, Return on Equity of 0% and Return on Investment of 0 percent. The stock currently showing Weekly Volatility of 3.36%% and Monthly Volatility of 3.60% Percent with Average True Range of 0.51 and Beta of 0.

The 17 analysts offering 12-month price forecasts for Crescent Point Energy Corp have a median target of 16.67, with a high estimate of 20.38 and a low estimate of 9.00. The median estimate represents a +30.77% increase from the last price of 12.75.

Press Release:

The Company on 15 November confirmed that the dividend to be paid on December 15, 2016, in respect of November 2016 production, for shareholders of record on November 30, 2016, will be CDN$0.03 per share.

These dividends are designated as “eligible dividends” for Canadian income tax purposes. For U.S. income tax purposes, Crescent Point’s dividends are considered “qualified dividends.”

Crescent Point is a leading North American light and medium oil producer that seeks to maximize shareholder return through its total return strategy of long-term growth plus dividend income.

Company Profile:

Crescent Point Energy Corp. is engaged in the acquisition, exploration and development of oil and natural gas properties in Western Canada. The Company’s operations consist of light and medium oil and natural gas assets strategically focused in core areas in southern Saskatchewan and central and southern Alberta. Crescent Point Energy Corp., formerly known as Crescent Point Energy Trust, is headquartered in Calgary, Canada.