Q3 2023 Earnings Estimate for Crescent Point Energy Corp. Issued By Atb Cap Markets (TSE:CPG)

Crescent Point Energy Corp. (TSE:CPG) (NYSE:CPG) – Investment analysts at Atb Cap Markets dropped their Q3 2023 earnings per share (EPS) estimates for shares of Crescent Point Energy in a report issued on Monday, September 11th. Atb Cap Markets analyst A. Arif now expects that the company will post earnings of $0.45 per share for the quarter, down from their prior forecast of $0.48. The consensus estimate for Crescent Point Energy’s current full-year earnings is $1.28 per share. Atb Cap Markets also issued estimates for Crescent Point Energy’s Q4 2023 earnings at $0.48 EPS, FY2023 earnings at $1.71 EPS, Q2 2024 earnings at $0.30 EPS, Q3 2024 earnings at $0.31 EPS, FY2024 earnings at $1.25 EPS and FY2026 earnings at $0.73 EPS.

CPG has been the topic of several other reports. Raymond James boosted their price target on shares of Crescent Point Energy from C$13.00 to C$16.00 and gave the stock an “outperform” rating in a report on Friday, September 8th. Desjardins cut their target price on Crescent Point Energy from C$14.00 to C$13.50 and set a “buy” rating on the stock in a research note on Monday, August 28th. Stifel Nicolaus decreased their price target on Crescent Point Energy from C$15.75 to C$15.25 in a research report on Friday, July 14th. TD Securities downgraded Crescent Point Energy from an “action list buy” rating to a “buy” rating and set a C$13.50 price objective for the company. in a research note on Tuesday. Finally, Canaccord Genuity Group set a C$12.50 target price on Crescent Point Energy and gave the company a “buy” rating in a research report on Friday, July 21st. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of C$14.50.

Crescent Point Energy Stock Up 0.3 %

Shares of Crescent Point Energy stock traded up C$0.03 on Wednesday, hitting C$11.42. The company had a trading volume of 664,606 shares, compared to its average volume of 4,382,601. The stock has a market capitalization of C$6.12 billion, a price-to-earnings ratio of 14.99, a P/E/G ratio of -0.59 and a beta of 2.88. The company has a debt-to-equity ratio of 46.38, a quick ratio of 0.49 and a current ratio of 0.71. Crescent Point Energy has a 1 year low of C$7.57 and a 1 year high of C$11.70. The stock has a 50 day moving average of C$10.64 and a 200-day moving average of C$9.76.

Crescent Point Energy (TSE:CPG) (NYSE:CPG) last posted its quarterly earnings results on Wednesday, July 26th. The company reported C$0.38 earnings per share for the quarter, missing the consensus estimate of C$0.39 by C($0.01). Crescent Point Energy had a net margin of 11.24% and a return on equity of 5.90%. The company had revenue of C$975.00 million during the quarter, compared to the consensus estimate of C$969.10 million.

Crescent Point Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Monday, October 2nd will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.40 annualized dividend and a yield of 3.50%. Crescent Point Energy’s dividend payout ratio is 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.