Crescent Point Energy (CPG) to Release Quarterly Earnings on Friday

Crescent Point Energy (TSE:CPG) (NYSE:CPG) will be announcing its earnings results before the market opens on Friday, May 10th. Analysts expect the company to announce earnings of C$0.32 per share for the quarter.

Crescent Point Energy (TSE:CPG) (NYSE:CPG) last issued its earnings results on Thursday, February 29th. The company reported C$0.37 earnings per share 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 analysts’ expectations 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 company has a current ratio of 0.76, a quick ratio of 0.49 and a debt-to-equity ratio of 54.04. The business’s fifty day moving average price is C$11.16 and its 200 day moving average price is C$10.05. Crescent Point Energy has a twelve month low of C$8.16 and a twelve month high of C$12.67.

Crescent Point Energy Increases Dividend

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

Insider Buying and Selling at Crescent Point Energy

In related news, Senior Officer Mark Gordon Eade sold 34,497 shares of the stock in a transaction dated 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 related news, Senior Officer William Garret Holt acquired 49,309 shares of Crescent Point Energy stock in a transaction on Friday, March 8th. The shares were purchased 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 dated 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 currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on CPG shares. National Bankshares lifted their price target on shares of Crescent Point Energy from C$14.00 to C$19.00 and gave the company an “outperform” rating in a research report on Friday, April 19th. Canaccord Genuity Group lifted their target price on shares of Crescent Point Energy from C$13.00 to C$14.00 and gave the company a “buy” rating in a report on Wednesday, April 17th. Raymond James lowered their price target on Crescent Point Energy from C$16.50 to C$14.00 and set an “outperform” rating for the company in a report on Friday, January 19th. Jefferies Financial Group raised their price objective on Crescent Point Energy from C$12.00 to C$14.00 in a research report on Tuesday, April 23rd. Finally, Desjardins upped their target price on Crescent Point Energy from C$12.50 to C$14.00 and gave the stock a “buy” rating in a research report on Tuesday, April 23rd. Ten equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Crescent Point Energy currently 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.