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

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

Crescent Point Energy (NYSE:CPG) (TSE:CPG) last posted its 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). The business had revenue of $743.70 million during the quarter, compared to analysts’ expectations of $752.25 million. Crescent Point Energy had a return on equity of 13.27% and a net margin of 15.40%. 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

CPG opened at $8.74 on Thursday. The company has a market capitalization of $5.41 billion, a price-to-earnings ratio of 12.48 and a beta of 2.17. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.46. The firm has a 50-day moving average price of $8.30 and a 200-day moving average price of $7.41. Crescent Point Energy has a twelve month low of $6.03 and a twelve month high of $9.28.

Crescent Point Energy Increases Dividend

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

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets lifted their target price on shares of Crescent Point Energy from $13.00 to $14.00 and gave the stock an “outperform” rating in a research note on Tuesday. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.