Crescent Point Energy Corporation (NYSE:CPG) (TSE:CPG) - Equities research analysts at Cormark issued their FY2019 earnings per share (EPS) estimates for shares of Crescent Point Energy Corporation in a report released on Friday. Cormark analyst A. Arif expects that the oil and gas producer will post earnings of $0.22 per share for the year.
Several other brokerages also recently commented on CPG. AltaCorp Capital reaffirmed an “outperform” rating on shares of Crescent Point Energy Corporation in a research report on Tuesday, May 9th. Zacks Investment Research raised shares of Crescent Point Energy Corporation from a “hold” rating to a “strong-buy” rating and set a $11.00 price target for the company in a research report on Monday, May 1st. ValuEngine downgraded shares of Crescent Point Energy Corporation from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Finally, BidaskClub upgraded Crescent Point Energy Corporation from a “strong sell” rating to a “sell” rating in a research note on Monday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $20.94.
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Shares of Crescent Point Energy Corporation (CPG) traded up 0.66% on Monday, reaching $7.63. 1,437,679 shares of the company’s stock were exchanged. The stock’s market cap is $4.16 billion. The company’s 50 day moving average price is $7.68 and its 200-day moving average price is $9.83. Crescent Point Energy Corporation has a 52-week low of $6.97 and a 52-week high of $17.22.
Crescent Point Energy Corporation (NYSE:CPG) (TSE:CPG) last announced its quarterly earnings results on Thursday, July 27th. The oil and gas producer reported $0.05 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.03) by $0.08. Crescent Point Energy Corporation had a negative net margin of 13.80% and a positive return on equity of 1.83%. The firm had revenue of $605.03 million for the quarter, compared to analyst estimates of $602.04 million. During the same quarter in the previous year, the firm posted $0.03 earnings per share.
A number of institutional investors have recently modified their holdings of CPG. Vanguard Group Inc. boosted its stake in Crescent Point Energy Corporation by 2.0% in the first quarter. Vanguard Group Inc. now owns 12,339,008 shares of the oil and gas producer’s stock worth $133,508,000 after buying an additional 242,451 shares during the last quarter. Mackenzie Financial Corp boosted its stake in Crescent Point Energy Corporation by 9.8% in the first quarter. Mackenzie Financial Corp now owns 12,311,553 shares of the oil and gas producer’s stock worth $133,211,000 after buying an additional 1,101,347 shares during the last quarter. Sentry Investments Corp. boosted its stake in Crescent Point Energy Corporation by 26.8% in the first quarter. Sentry Investments Corp. now owns 9,249,737 shares of the oil and gas producer’s stock worth $132,919,000 after buying an additional 1,952,850 shares during the last quarter. Lincluden Management Ltd. boosted its stake in Crescent Point Energy Corporation by 32.7% in the second quarter. Lincluden Management Ltd. now owns 4,146,652 shares of the oil and gas producer’s stock worth $32,668,000 after buying an additional 1,021,491 shares during the last quarter. Finally, Wellington Management Group LLP boosted its stake in Crescent Point Energy Corporation by 18.0% in the first quarter. Wellington Management Group LLP now owns 4,105,026 shares of the oil and gas producer’s stock worth $44,232,000 after buying an additional 626,506 shares during the last quarter. Institutional investors and hedge funds own 41.75% of the company’s stock.
The business also recently disclosed a monthly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Monday, July 31st will be paid a dividend of $0.023 per share. The ex-dividend date is Thursday, July 27th. This is a boost from Crescent Point Energy Corporation’s previous monthly dividend of $0.02. This represents a $0.28 annualized dividend and a yield of 3.62%. Crescent Point Energy Corporation’s dividend payout ratio (DPR) is -48.28%.
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