Crescent Point Energy Corp. (TSE:CPG – Free Report) (NYSE:CPG) – Research analysts at Atb Cap Markets cut their FY2023 earnings estimates for shares of Crescent Point Energy in a note issued to investors on Thursday, August 24th. Atb Cap Markets analyst A. Arif now expects that the company will earn $1.76 per share for the year, down from their prior estimate of $1.78. The consensus estimate for Crescent Point Energy’s current full-year earnings is $1.76 per share. Atb Cap Markets also issued estimates for Crescent Point Energy’s Q4 2023 earnings at $0.50 EPS, Q1 2024 earnings at $0.32 EPS, Q2 2024 earnings at $0.33 EPS, Q3 2024 earnings at $0.32 EPS and Q4 2024 earnings at $0.32 EPS.
Crescent Point Energy (TSE:CPG – Get Free Report) (NYSE:CPG) last released its quarterly earnings data on Wednesday, July 26th. The company reported C$0.38 EPS for the quarter, missing the consensus estimate of C$0.39 by C($0.01). The business had revenue of C$975.00 million for the quarter, compared to analysts’ expectations of C$969.10 million. Crescent Point Energy had a net margin of 11.24% and a return on equity of 5.90%.
Crescent Point Energy Price Performance
Shares of TSE CPG opened at C$10.70 on Monday. Crescent Point Energy has a twelve month low of C$7.57 and a twelve month high of C$11.54. The firm has a market capitalization of C$5.74 billion, a P/E ratio of 14.08, a P/E/G ratio of -0.59 and a beta of 2.90. The company has a quick ratio of 0.49, a current ratio of 0.71 and a debt-to-equity ratio of 46.38. The stock’s 50-day simple moving average is C$10.03 and its two-hundred day simple moving average is C$9.61.
Crescent Point Energy Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 15th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.74%. The ex-dividend date is Thursday, September 14th. Crescent Point Energy’s payout ratio is currently 52.63%.
About Crescent Point Energy
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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