Analysts Offer Predictions for Crescent Point Energy Corp’s Q3 2017 Earnings (CPG)
Crescent Point Energy Corp (TSE:CPG) (NYSE:CPG) – Cormark dropped their Q3 2017 EPS estimates for Crescent Point Energy Corp in a report released on Tuesday. Cormark analyst A. Arif now forecasts that the company will earn ($0.01) per share for the quarter, down from their prior forecast of $0.05. Cormark also issued estimates for Crescent Point Energy Corp’s Q3 2018 earnings at ($0.01) EPS, Q4 2018 earnings at $0.00 EPS and FY2018 earnings at $0.05 EPS.
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Other equities research analysts have also recently issued reports about the company. BMO Capital Markets cut their target price on Crescent Point Energy Corp from C$14.00 to C$13.00 in a research note on Tuesday, October 10th. Barclays PLC decreased their price objective on Crescent Point Energy Corp from C$21.00 to C$12.00 in a report on Monday, July 24th. Royal Bank Of Canada decreased their price objective on Crescent Point Energy Corp from C$18.00 to C$14.00 in a report on Thursday, July 20th. CIBC decreased their price objective on Crescent Point Energy Corp from C$18.00 to C$11.50 in a report on Thursday, July 20th. Finally, National Bank Financial decreased their price objective on Crescent Point Energy Corp from C$18.50 to C$14.00 in a report on Friday, June 23rd. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. Crescent Point Energy Corp has a consensus rating of “Buy” and a consensus price target of C$17.22.
Crescent Point Energy Corp (CPG) opened at 9.13 on Thursday. Crescent Point Energy Corp has a 52-week low of $8.08 and a 52-week high of $19.38. The company’s 50 day moving average price is $9.39 and its 200 day moving average price is $10.71. The company’s market cap is $4.98 billion.
In other news, insider Mark Gordon Eade sold 4,500 shares of the business’s stock in a transaction on Friday, September 22nd. The shares were sold at an average price of C$9.85, for a total transaction of C$44,325.00. Also, insider Clifford Neil Smith sold 6,000 shares of the business’s stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of C$10.30, for a total transaction of C$61,800.00. Insiders sold a total of 25,999 shares of company stock valued at $252,276 over the last quarter.
The firm also recently disclosed a monthly dividend, which was paid on Monday, October 16th. Investors of record on Saturday, September 30th were paid a $0.03 dividend. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $0.36 dividend on an annualized basis and a yield of 3.94%.
About Crescent Point Energy Corp
Crescent Point Energy Corp. (Crescent Point) is a Canada-based oil and gas exploration, development and production company. The Company is an oil and gas producer with assets consisting of light and medium oil and natural gas reserves in Western Canada and the United States. Its 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, Montana, Colorado and Utah.
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