Crescent Point Energy (CPG) Scheduled to Post Earnings on Thursday

Crescent Point Energy (NYSE:CPGGet Rating) (TSE:CPG) is scheduled to release its earnings data before the market opens on Thursday, May 12th.

Crescent Point Energy (NYSE:CPGGet 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.

A number of hedge funds have recently made changes to their positions in CPG. The Manufacturers Life Insurance Company lifted its holdings in Crescent Point Energy by 13.7% during the 4th quarter. The Manufacturers Life Insurance Company now owns 4,090,635 shares of the oil and gas producer’s stock valued at $21,675,000 after purchasing an additional 491,655 shares during the last quarter. Jane Street Group LLC raised its stake in shares of Crescent Point Energy by 2,552.2% in the third quarter. Jane Street Group LLC now owns 324,444 shares of the oil and gas producer’s stock worth $1,496,000 after acquiring an additional 312,211 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Crescent Point Energy by 36.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,072,593 shares of the oil and gas producer’s stock worth $5,727,000 after acquiring an additional 284,492 shares during the last quarter. UBS Group AG raised its stake in shares of Crescent Point Energy by 47.9% in the third quarter. UBS Group AG now owns 742,527 shares of the oil and gas producer’s stock worth $3,423,000 after acquiring an additional 240,609 shares during the last quarter. Finally, BlackRock Inc. raised its stake in shares of Crescent Point Energy by 103.9% in the fourth quarter. BlackRock Inc. now owns 304,685 shares of the oil and gas producer’s stock worth $1,627,000 after acquiring an additional 155,246 shares during the last quarter. 42.19% of the stock is owned by hedge funds and other institutional investors.

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.

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Earnings History for Crescent Point Energy (NYSE:CPG)

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