Crescent Point Energy (CPG) Scheduled to Post Quarterly Earnings on Friday

Crescent Point Energy (TSE:CPG) (NYSE:CPG) is set to issue its quarterly earnings data 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). The company had revenue of C$1.01 billion for the quarter, compared to analysts’ expectations of C$1 billion. Crescent Point Energy had a net margin of 17.88% and a return on equity of 11.97%.

Crescent Point Energy Trading Down 1.3 %

Shares of CPG stock opened at C$11.99 on Thursday. Crescent Point Energy has a 1-year low of C$8.16 and a 1-year 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. The business has a 50-day moving average of C$11.31 and a 200 day moving average of C$10.05. The stock has a market capitalization of C$7.43 billion, a PE ratio of 8.21, a P/E/G ratio of -0.59 and a beta of 2.86.

Crescent Point Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 15th were issued a $0.115 dividend. The ex-dividend date was Thursday, March 14th. This represents a $0.46 annualized dividend and a yield of 3.84%. This is a boost from Crescent Point Energy’s previous quarterly dividend of $0.02. Crescent Point Energy’s dividend payout ratio (DPR) is 31.51%.

Analyst Ratings Changes

CPG has been the subject of several research analyst reports. ATB Capital increased their price objective on Crescent Point Energy from C$12.00 to C$13.00 in a report on Monday, April 22nd. Raymond James dropped their price objective 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. Desjardins raised their target price on Crescent Point Energy from C$12.50 to C$14.00 and gave the company a “buy” rating in a research note on Tuesday, April 23rd. CIBC raised their target price on Crescent Point Energy from C$14.00 to C$15.00 and gave the company an “outperform” rating in a research note on Monday, April 22nd. Finally, BMO Capital Markets raised their target price on Crescent Point Energy from C$13.00 to C$14.00 and gave the company an “outperform” rating in a research note on Tuesday. Ten equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of C$14.70.

Insider Buying and Selling at Crescent Point Energy

In other Crescent Point Energy 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 transaction of C$408,099.51. In other Crescent Point Energy news, Senior Officer William Garret Holt purchased 49,309 shares of the firm’s stock in a transaction dated Friday, March 8th. The stock was purchased at an average price 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 value of C$408,099.51. 0.23% of the stock is owned by company insiders.

About Crescent Point Energy

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.