Brokerages have given Crescent Point Energy Corp. (TSE:CPG) an average rating of “Buy.”

According to Bloomberg.com, the eight investment research firms currently making up Crescent Point Energy Corp. (TSE:CPG) (NYSE:CPG) gave the company an average rating of “Buy” for their coverage of the company. This rating was given to the company by the market research companies. There are currently five buy recommendations for the share, including one strong buy recommendation, three buy recommendations and one hold recommendation from the analysts. The brokerage firms that covered the stock last year provided a one-year price forecast averaging CA$13.78 per share for the following year’s stock price.

A significant number of different research reports have been written in relation to CPG. In a report published Monday, Raymond James lowered the “market performance” rating they previously assigned to Crescent Point Energy to “below average.” They also lowered their price target for the company to $11.50 from $12.50. The price target that Stifel Nicolaus set for Crescent Point Energy has fallen from $16.00 to $15.25, according to a research note released to the public on Monday. A research note issued Oct. 27 by National Bankshares lowered both the “Outperform” rating and the $18.00 target price previously assigned by the company to Crescent Point Energy. The new price target is CAD 17.00. The price target that CIBC has set for Crescent Point Energy has been lowered from $16.00 to $15.00, according to a research note published Tuesday. BMO Capital Markets lowered its price target on Crescent Point Energy in a research note published on Tuesday, December 13th. The new price target is C$12.00, down from C$13.00 previously. This is where the final and most important adjustment was made.

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Thursday was the first day CPG was traded and the opening price was CAD$9.57. The company has a high market value of CA$5.29 billion and a price-to-earnings ratio of 2.64, both of which indicate that the company is expensive. A gearing ratio is 21.94; a quick ratio is 0.49; a current ratio is 0.62; and a quick ratio is 0.49. The 200-day moving average of the company’s stock price is 9.66 Canadian dollars and the 50-day moving average is 9.78 Canadian dollars. Over the past year, Crescent Point Energy’s price has fluctuated wildly, hitting an all-time low of $7.25 and an all-time high of $13.74.

On October 26, Crescent Point Energy (TSE:CPG)(NYSE:CPG) made its latest quarterly report available to the public. The company’s actual earnings per share for the quarter was CA$0.43, which is $0.01 higher than the consensus estimate of CA$0.42 provided by analysts. Customers brought the company 1.15 billion Canadian dollars in the relevant period. Crescent Point Energy is expected to post earnings of $2.11 per share this year, according to analysts specializing in stock research.

In addition, the company announced a quarterly dividend that will be paid on April 3 this year. This dividend is to be paid out as scheduled. All shareholders of record on March 15, April 3 and this year will receive a dividend payment of $0.10 per share. This payment will be made this year. On March 15, a dividend of $0.10 per share will be paid to all shareholders of record as of that date. On March 14, shareholders are no longer entitled to dividend payments. Previously, Crescent Point Energy paid a quarterly dividend of $0.08 per share; However, this amount has since been increased. Calculated on an annual basis, that works out to a dividend payment of $0.40 per share and a dividend yield of 4.18%. Currently, the Dividend Payout Ratio (DPR) for Crescent Point Energy is calculated at 6.08%.

Crescent Point Energy Corp. conducts the exploration, development and production of light and medium crude oil, natural gas liquids and natural gas reserves in western Canada and the United States. It also owns assets in Saskatchewan, Alberta, British Columbia and Manitoba associated with the production of crude oil and natural gas. In addition to its interests in North Dakota and Montana, it also owns these properties.