Crescent Point Energy Corp. (NYSE:CPG – Get Rating) (TSE:CPG) – Investment analysts at Stifel Firstegy decreased their FY2022 EPS estimates for Crescent Point Energy in a research note issued to investors on Thursday, July 7th. Stifel Firstegy analyst C. Kwong now forecasts that the oil and gas producer will earn $2.71 per share for the year, down from their prior estimate of $2.93. The consensus estimate for Crescent Point Energy’s current full-year earnings is $2.71 per share. Crescent Point Energy (NYSE:CPG – Get Rating) (TSE:CPG) last posted its quarterly earnings results on Thursday, May 12th. The oil and gas producer reported $0.32 earnings per share (EPS) for the quarter. The firm had revenue of $772.43 million during the quarter. Crescent Point Energy had a net margin of 96.84% and a return on equity of 11.72%.
A number of other equities analysts have also recently weighed in on CPG. Stifel Nicolaus lifted their price target on shares of Crescent Point Energy from C$15.50 to C$17.00 in a research report on Thursday, June 30th. StockNews.com began coverage on shares of Crescent Point Energy in a research report on Thursday, March 31st. They issued a “buy” rating for the company. National Bank Financial lifted their target price on shares of Crescent Point Energy from C$20.00 to C$23.00 in a report on Thursday, June 16th. Scotiabank raised shares of Crescent Point Energy from a “sector perform” rating to a “sector outperform” rating in a report on Wednesday, June 8th. Finally, CIBC raised their price objective on shares of Crescent Point Energy from C$13.50 to C$16.00 in a research report on Wednesday, June 15th. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Crescent Point Energy currently has a consensus rating of “Buy” and a consensus price target of $15.60.
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CPG opened at $7.07 on Monday. Crescent Point Energy has a one year low of $2.75 and a one year high of $10.96. The stock has a market capitalization of $4.02 billion, a P/E ratio of 1.46 and a beta of 2.31. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.46 and a quick ratio of 0.46. The company’s 50 day simple moving average is $8.01 and its 200-day simple moving average is $7.20.
Several institutional investors and hedge funds have recently made changes to their positions in CPG. Lindbrook Capital LLC grew its holdings in Crescent Point Energy by 878.8% during the 4th quarter. Lindbrook Capital LLC now owns 4,659 shares of the oil and gas producer’s stock worth $25,000 after acquiring an additional 4,183 shares in the last quarter. PNC Financial Services Group Inc. bought a new stake in shares of Crescent Point Energy in the 1st quarter valued at about $50,000. Lazard Asset Management LLC purchased a new position in shares of Crescent Point Energy in the 1st quarter valued at approximately $62,000. Woodward Diversified Capital LLC purchased a new position in shares of Crescent Point Energy in the 4th quarter valued at approximately $53,000. Finally, Intelligence Driven Advisers LLC purchased a new position in shares of Crescent Point Energy in the 4th quarter valued at approximately $65,000. 42.19% of the stock is currently owned by institutional investors and hedge funds.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Thursday, September 15th will be paid a dividend of $0.062 per share. This is an increase from Crescent Point Energy’s previous quarterly dividend of $0.02. The ex-dividend date of this dividend is Wednesday, September 14th. This represents a $0.25 dividend on an annualized basis and a yield of 3.51%. Crescent Point Energy’s dividend payout ratio is presently 4.35%.
Crescent Point Energy Company Profile (Get Rating)
Crescent Point Energy Corp. explores, develops, and produces light and medium crude oil, natural gas liquids, and natural gas reserves in Western Canada and the United States. It’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 and Montana.
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