Crescent Point Energy Corp. (TSE:CPG) Expected to Post FY2025 Earnings of $1.14 Per Share

Crescent Point Energy Corp. (TSE:CPG) (NYSE:CPG) – Investment analysts at Atb Cap Markets decreased their FY2025 earnings per share (EPS) estimates for shares of Crescent Point Energy in a report issued on Monday, April 22nd. Atb Cap Markets analyst A. Arif now expects that the company will earn $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 issued its earnings results on Thursday, February 29th. The company reported C$0.37 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.51 by C($0.14). The business had revenue of C$1.01 billion during the quarter, compared to analyst estimates of C$1 billion. Crescent Point Energy had a net margin of 17.88% and a return on equity of 11.97%.

Other equities analysts have also issued research reports about the stock. CIBC raised their price objective on shares of Crescent Point Energy from C$14.00 to C$15.00 and gave the company an “outperform” rating in a research report on Monday. Canaccord Genuity Group raised their price objective on shares of Crescent Point Energy from C$13.00 to C$14.00 and gave the company a “buy” rating in a research report on Wednesday, April 17th. Desjardins raised their price objective on shares of Crescent Point Energy from C$12.50 to C$14.00 and gave the company a “buy” rating in a research report on Tuesday. Jefferies Financial Group raised their price objective on shares of Crescent Point Energy from C$12.00 to C$14.00 in a research report on Tuesday. Finally, ATB Capital raised their price objective on shares of Crescent Point Energy from C$12.00 to C$13.00 in a research report on Monday. Ten analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of C$14.55.

Crescent Point Energy Trading Up 1.7 %

TSE:CPG opened at C$12.10 on Tuesday. The company has a market capitalization of C$7.50 billion, a P/E ratio of 8.29, a P/E/G ratio of -0.59 and a beta of 2.86. The stock’s 50 day moving average price is C$10.63 and its 200 day moving average price is C$9.95. The company has a debt-to-equity ratio of 54.04, a quick ratio of 0.49 and a current ratio of 0.76. Crescent Point Energy has a 52 week low of C$8.16 and a 52 week high of C$12.47.

Crescent Point Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 15th were issued a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a yield of 3.80%. The ex-dividend date was Thursday, March 14th. This is an increase from Crescent Point Energy’s previous quarterly dividend of $0.02. Crescent Point Energy’s dividend payout ratio (DPR) is 31.51%.

Insider Buying and Selling at Crescent Point Energy

In related news, Senior Officer William Garret Holt purchased 49,309 shares of the stock in a transaction on Friday, March 8th. The shares were bought at an average price of C$10.15 per share, for a total transaction of C$500,486.35. In related news, Senior Officer William Garret Holt acquired 49,309 shares of the stock in a transaction dated Friday, March 8th. The shares were acquired at an average price of C$10.15 per share, for a total transaction of C$500,486.35. Also, Senior Officer Mark Gordon Eade sold 34,497 shares of the firm’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of C$11.83, for a total transaction of C$408,099.51. Corporate insiders own 0.23% of the company’s stock.

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.