Equities Analysts Issue Forecasts for Crescent Point Energy Corp.’s FY2025 Earnings (TSE:CPG)

Crescent Point Energy Corp. (TSE:CPG) (NYSE:CPG) – Analysts at Atb Cap Markets lowered their FY2025 earnings per share (EPS) estimates for shares of Crescent Point Energy in a research report issued to clients and investors on Monday, April 22nd. Atb Cap Markets analyst A. Arif now anticipates that the company will post earnings of $1.14 per share for the year, down from their prior forecast of $1.24. The consensus estimate for Crescent Point Energy’s current full-year earnings is $1.43 per share. Atb Cap Markets also issued estimates for Crescent Point Energy’s FY2027 earnings at $0.64 EPS and FY2028 earnings at $0.70 EPS.

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). The business had revenue of C$1.01 billion during the quarter, compared to the consensus estimate of C$1 billion. Crescent Point Energy had a net margin of 17.88% and a return on equity of 11.97%.

A number of other research firms also recently issued reports on CPG. BMO Capital Markets boosted their price target on Crescent Point Energy from C$12.00 to C$13.00 and gave the company an “outperform” rating in a research note on Thursday, March 21st. Raymond James cut their target price on shares of Crescent Point Energy from C$16.50 to C$14.00 and set an “outperform” rating for the company in a research report on Friday, January 19th. Desjardins increased their price target on shares of Crescent Point Energy from C$12.00 to C$12.50 and gave the stock a “buy” rating in a research report on Friday, March 22nd. National Bankshares boosted their price objective 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. Finally, Jefferies Financial Group raised their target price on Crescent Point Energy from C$12.00 to C$14.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Ten research 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$14.25.

Crescent Point Energy Trading Down 0.5 %

Shares of CPG stock opened at C$11.90 on Tuesday. 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 12-month low of C$8.16 and a 12-month high of C$12.47. The stock has a market capitalization of C$7.38 billion, a P/E ratio of 8.15, a P/E/G ratio of -0.59 and a beta of 2.86. The firm’s 50 day moving average is C$10.63 and its 200 day moving average is C$9.95.

Crescent Point Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 15th were given a $0.115 dividend. This represents a $0.46 annualized dividend and a dividend yield of 3.87%. This is an increase from Crescent Point Energy’s previous quarterly dividend of $0.02. The ex-dividend date of this dividend was Thursday, March 14th. Crescent Point Energy’s payout ratio is presently 31.51%.

Insider Buying and Selling

In related news, 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 value of C$408,099.51. In other news, Senior Officer William Garret Holt acquired 49,309 shares of the company’s stock in a transaction on Friday, March 8th. The stock was bought 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 on Thursday, April 4th. The shares were 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 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.