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

Crescent Point Energy (TSE:CPG) (NYSE:CPG) is scheduled to be issuing 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 released 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 net margin of 17.88% and a return on equity of 11.97%. The business had revenue of C$1.01 billion during the quarter, compared to analyst estimates of C$1 billion.

Crescent Point Energy Stock Down 1.3 %

CPG stock opened at C$11.99 on Thursday. The company has a current ratio of 0.76, a quick ratio of 0.49 and a debt-to-equity ratio of 54.04. 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 fifty day simple moving average of C$11.31 and a 200 day simple moving average of C$10.05. The firm has a market cap of C$7.43 billion, a PE ratio of 8.21, a PEG ratio of -0.59 and a beta of 2.86.

Crescent Point Energy Increases Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CPG. ATB Capital lifted their target price on shares of Crescent Point Energy from C$12.00 to C$13.00 in a report on Monday, April 22nd. Canaccord Genuity Group lifted their target price on shares of Crescent Point Energy from C$14.00 to C$14.50 and gave the stock a “buy” rating in a report on Tuesday. Desjardins lifted their target price on shares of 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. 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 report on Monday, April 22nd. Finally, Stifel Nicolaus lifted their target price on shares of Crescent Point Energy from C$14.25 to C$16.00 and gave the stock a “buy” rating in a report on Tuesday, April 23rd. Ten investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of C$14.70.

Insider Transactions at Crescent Point Energy

In related news, Senior Officer William Garret Holt bought 49,309 shares of Crescent Point Energy stock in a transaction dated 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. In other Crescent Point Energy news, Senior Officer William Garret Holt purchased 49,309 shares of the company’s stock in a transaction that occurred on Friday, March 8th. The stock was acquired at an average cost of C$10.15 per share, with a total value of C$500,486.35. Also, Senior Officer Mark Gordon Eade sold 34,497 shares of the business’s stock in a transaction that occurred 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 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.