Crescent Point Energy (CPG) to Release Quarterly Earnings on Friday

Crescent Point Energy (NYSE:CPG) (TSE:CPG) is scheduled to post its quarterly earnings results before the market opens on Friday, May 10th. Analysts expect Crescent Point Energy to post earnings of $0.23 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Crescent Point Energy (NYSE:CPG) (TSE:CPG) last issued its quarterly earnings results on Thursday, February 29th. The oil and gas producer reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.11). Crescent Point Energy had a net margin of 15.40% and a return on equity of 13.27%. The firm had revenue of $743.70 million for the quarter, compared to analysts’ expectations of $752.25 million. On average, analysts expect Crescent Point Energy to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Crescent Point Energy Price Performance

Shares of NYSE:CPG opened at $8.74 on Thursday. The company has a market capitalization of $5.41 billion, a P/E ratio of 12.48 and a beta of 2.17. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.76 and a quick ratio of 0.76. Crescent Point Energy has a 1-year low of $6.03 and a 1-year high of $9.28. The firm’s 50 day simple moving average is $8.30 and its two-hundred day simple moving average is $7.41.

Crescent Point Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 15th were given a dividend of $0.086 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.34 annualized dividend and a dividend yield of 3.94%. This is a boost from Crescent Point Energy’s previous quarterly dividend of $0.07. Crescent Point Energy’s dividend payout ratio (DPR) is presently 47.14%.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets lifted their price objective on shares of Crescent Point Energy from $13.00 to $14.00 and gave the company an “outperform” rating in a research report on Tuesday. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Crescent Point Energy has an average rating of “Moderate Buy” and an average target price of $13.81.

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.