Crescent Point Energy (NYSE:CPG – Get Rating) (TSE:CPG) last posted its quarterly earnings results on Thursday, March 3rd. The oil and gas producer reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.06). The company had revenue of $714.33 million during the quarter. Crescent Point Energy had a return on equity of 10.92% and a net margin of 72.41%. During the same quarter last year, the company earned $0.12 EPS. On average, analysts expect Crescent Point Energy to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
NYSE CPG opened at $7.29 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.40 and a quick ratio of 0.40. The company’s fifty day moving average is $7.25 and its two-hundred day moving average is $6.12. Crescent Point Energy has a 52-week low of $2.75 and a 52-week high of $7.98. The firm has a market capitalization of $4.17 billion, a price-to-earnings ratio of 2.25 and a beta of 2.33.
Several brokerages have recently weighed in on CPG. CIBC lifted their target price on shares of Crescent Point Energy from C$13.00 to C$13.50 in a research report on Thursday, April 14th. Scotiabank lifted their target price on shares of Crescent Point Energy from C$11.00 to C$11.50 in a research report on Monday, April 18th. Zacks Investment Research lowered shares of Crescent Point Energy from a “buy” rating to a “hold” rating in a research report on Thursday. StockNews.com began coverage on shares of Crescent Point Energy in a research report on Thursday, March 31st. They set a “buy” rating on the stock. Finally, National Bank Financial lifted their target price on shares of Crescent Point Energy from C$15.50 to C$20.00 in a research report on Thursday, April 14th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $11.71.
About Crescent Point Energy (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.
- Get a free copy of the StockNews.com research report on Crescent Point Energy (CPG)
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