Q1 2024 EPS Estimates for Crescent Point Energy Corp. (TSE:CPG) Decreased by Analyst

Crescent Point Energy Corp. (TSE:CPG) (NYSE:CPG) – Stock analysts at Atb Cap Markets lowered their Q1 2024 EPS estimates for Crescent Point Energy in a research report issued on Monday, April 22nd. Atb Cap Markets analyst A. Arif now expects that the company will earn $0.29 per share for the quarter, down from their previous estimate of $0.31. 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 Q2 2024 earnings at $0.30 EPS, Q3 2024 earnings at $0.38 EPS, Q4 2024 earnings at $0.46 EPS, FY2024 earnings at $1.42 EPS and FY2026 earnings at $0.58 EPS.

Several other brokerages also recently weighed in on CPG. National Bankshares increased their price target on shares of Crescent Point Energy from C$14.00 to C$19.00 and gave the stock an “outperform” rating in a report on Friday, April 19th. BMO Capital Markets increased their price target on shares of Crescent Point Energy from C$12.00 to C$13.00 and gave the stock an “outperform” rating in a report on Thursday, March 21st. Canaccord Genuity Group increased their price target on shares of Crescent Point Energy from C$13.00 to C$14.00 and gave the stock a “buy” rating in a report on Wednesday, April 17th. Stifel Nicolaus increased their price target on shares of Crescent Point Energy from C$14.25 to C$16.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Desjardins increased their price target on shares of Crescent Point Energy from C$12.50 to C$14.00 and gave the stock a “buy” rating in a report on Tuesday. Ten research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of C$14.55.

Crescent Point Energy Price Performance

Shares of TSE:CPG opened at C$12.13 on Wednesday. Crescent Point Energy has a twelve month low of C$8.16 and a twelve month high of C$12.47. The company’s 50 day moving average is C$10.70 and its 200 day moving average is C$9.96. The company has a current ratio of 0.76, a quick ratio of 0.49 and a debt-to-equity ratio of 54.04. The company has a market cap of C$7.52 billion, a PE ratio of 8.31, a price-to-earnings-growth ratio of -0.59 and a beta of 2.86.

Crescent Point Energy (TSE:CPG) (NYSE:CPG) last posted its quarterly earnings data on Thursday, February 29th. The company reported C$0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.51 by C($0.14). Crescent Point Energy had a net margin of 17.88% and a return on equity of 11.97%. The company had revenue of C$1.01 billion for the quarter, compared to analyst estimates of C$1 billion.

Insider Buying and Selling at Crescent Point Energy

In other Crescent Point Energy news, 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 value of C$408,099.51. In related news, Senior Officer William Garret Holt bought 49,309 shares of the business’s stock in a transaction on Friday, March 8th. The stock was acquired at an average cost of C$10.15 per share, with a total value of C$500,486.35. Also, Senior Officer Mark Gordon Eade sold 34,497 shares of the firm’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of C$11.83, for a total value of C$408,099.51. 0.23% of the stock is currently owned by insiders.

Crescent Point Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 15th were issued a $0.115 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.46 dividend on an annualized basis and a yield of 3.79%. This is a positive change from Crescent Point Energy’s previous quarterly dividend of $0.02. Crescent Point Energy’s dividend payout ratio (DPR) is presently 31.51%.

Crescent Point Energy Company Profile

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.