Crescent Point Energy (CPG) to Release Earnings on Wednesday

Crescent Point Energy (TSE:CPGGet Rating) (NYSE:CPG) will be posting its quarterly earnings results before the market opens on Wednesday, July 27th. Analysts expect Crescent Point Energy to post earnings of C$0.56 per share for the quarter.

Crescent Point Energy (TSE:CPGGet Rating) (NYSE:CPG) last released its quarterly earnings results on Thursday, May 12th. The company reported C$0.41 earnings per share for the quarter. The firm had revenue of C$978.40 million for the quarter.

Crescent Point Energy Price Performance

TSE CPG opened at C$8.93 on Monday. The business’s fifty day moving average price is C$10.27 and its 200-day moving average price is C$9.31. The stock has a market capitalization of C$5.07 billion and a price-to-earnings ratio of 1.46. The company has a debt-to-equity ratio of 30.21, a current ratio of 0.46 and a quick ratio of 0.37. Crescent Point Energy has a 1-year low of C$3.67 and a 1-year high of C$13.74.

Crescent Point Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Thursday, September 15th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 3.58%. This is a boost from Crescent Point Energy’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend is Wednesday, September 14th. Crescent Point Energy’s dividend payout ratio is presently 1.31%.

Insiders Place Their Bets

In other Crescent Point Energy news, Senior Officer Mark Gordon Eade sold 13,977 shares of the stock in a transaction on Wednesday, June 8th. The stock was sold at an average price of C$13.59, for a total value of C$189,947.43. Following the completion of the sale, the insider now owns 162,161 shares in the company, valued at approximately C$2,203,767.99.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Stifel Nicolaus increased their price target on Crescent Point Energy from C$15.50 to C$17.00 in a report on Monday, July 4th. Raymond James upped their price objective on Crescent Point Energy from C$12.00 to C$12.50 and gave the stock a “market perform” rating in a research note on Tuesday, July 5th. Scotiabank upgraded Crescent Point Energy from a “sector perform” rating to a “buy” rating and upped their price objective for the stock from C$11.50 to C$15.00 in a research note on Wednesday, June 8th. CIBC upped their price objective on Crescent Point Energy from C$13.00 to C$13.50 in a research note on Thursday, April 14th. Finally, National Bankshares reduced their price objective on Crescent Point Energy from C$23.00 to C$21.00 and set an “outperform” rating for the company in a research note on Monday, July 18th. One research analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Crescent Point Energy currently has an average rating of “Buy” and an average target price of C$13.44.

Crescent Point Energy Company Profile

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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 (TSE:CPG)

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