Crescent Point Energy (CPG) to Release Earnings on Friday

Crescent Point Energy (TSE:CPG) (NYSE:CPG) is scheduled to be releasing its earnings data before the market opens on Friday, May 10th. Analysts expect Crescent Point Energy to post earnings of C$0.32 per share for the quarter.

Crescent Point Energy (TSE:CPG) (NYSE:CPG) last posted its quarterly earnings data on Thursday, February 29th. The company reported C$0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.51 by C($0.14). Crescent Point Energy had a return on equity of 11.97% and a net margin of 17.88%. The firm had revenue of C$1.01 billion during the quarter, compared to analyst estimates of C$1 billion.

Crescent Point Energy Price Performance

Shares of Crescent Point Energy stock opened at C$11.83 on Friday. The stock has a market capitalization of C$7.33 billion, a P/E ratio of 8.10, a PEG ratio of -0.59 and a beta of 2.86. The business has a 50 day simple moving average of C$11.16 and a two-hundred day simple moving average of C$10.05. Crescent Point Energy has a 12 month low of C$8.16 and a 12 month high of C$12.67. The company has a debt-to-equity ratio of 54.04, a current ratio of 0.76 and a quick ratio of 0.49.

Crescent Point Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 15th were given a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a dividend yield of 3.89%. This is a boost from Crescent Point Energy’s previous quarterly dividend of $0.02. The ex-dividend date was Thursday, March 14th. Crescent Point Energy’s payout ratio is presently 31.51%.

Insider Activity at Crescent Point Energy

In other news, Senior Officer Mark Gordon Eade sold 34,497 shares of Crescent Point Energy stock in a transaction on Thursday, April 4th. The stock was sold at an average price of C$11.83, for a total value of C$408,099.51. In other Crescent Point Energy news, Senior Officer William Garret Holt bought 49,309 shares of Crescent Point Energy stock in a transaction on Friday, March 8th. The shares were bought at an average cost of C$10.15 per share, for a total transaction of C$500,486.35. Also, Senior Officer Mark Gordon Eade sold 34,497 shares of the business’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of C$11.83, for a total transaction of C$408,099.51. 0.23% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CPG. CIBC lifted their target price on shares of Crescent Point Energy from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a research note on Monday, April 22nd. Jefferies Financial Group upped their price objective on shares of Crescent Point Energy from C$12.00 to C$14.00 in a research note on Tuesday, April 23rd. BMO Capital Markets raised their target price on shares of Crescent Point Energy from C$12.00 to C$13.00 and gave the stock an “outperform” rating in a research note on Thursday, March 21st. Desjardins boosted their target price on Crescent Point Energy from C$12.50 to C$14.00 and gave the stock a “buy” rating in a report on Tuesday, April 23rd. Finally, National Bankshares increased their price target on Crescent Point Energy from C$14.00 to C$19.00 and gave the company an “outperform” rating in a report on Friday, April 19th. Ten analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of C$14.55.

Crescent Point Energy Company Profile

Crescent Point Energy Corp. explores, develops, and produces oil and gas properties in Canada and the United States. The company focuses on crude oil, tight oil, natural gas liquids, shale gas, and natural gas reserves. Its properties are located in the provinces of Saskatchewan, Alberta, British Columbia, and Manitoba; and the states of North Dakota.