Atb Cap Markets Analysts Lower Earnings Estimates for Crescent Point Energy Corp. (TSE:CPG)

Crescent Point Energy Corp. (TSE:CPG) (NYSE:CPG) – Equities researchers at Atb Cap Markets dropped their FY2025 earnings per share estimates for shares of Crescent Point Energy in a research report issued to clients and investors on Wednesday, March 20th. Atb Cap Markets analyst A. Arif now anticipates that the company will post earnings per share of $1.24 for the year, down from their previous estimate of $1.25. The consensus estimate for Crescent Point Energy’s current full-year earnings is $1.22 per share.

CPG has been the subject of a number of other reports. ATB Capital decreased their price objective on Crescent Point Energy from C$13.00 to C$12.00 and set an “outperform” rating for the company in a research note on Thursday, January 18th. Stifel Nicolaus lifted their price objective on Crescent Point Energy from C$14.00 to C$14.50 and gave the stock a “buy” rating in a research note on Thursday, March 21st. Raymond James reduced their target price on Crescent Point Energy from C$16.50 to C$14.00 and set an “outperform” rating on the stock in a report on Friday, January 19th. CIBC reduced their target price on Crescent Point Energy from C$15.00 to C$14.00 and set an “outperform” rating on the stock in a report on Tuesday, January 16th. Finally, National Bankshares reduced their target price on Crescent Point Energy from C$19.00 to C$14.00 and set an “outperform” rating on the stock in a report on Wednesday, January 10th. Ten analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of C$13.71.

Crescent Point Energy Stock Down 0.6 %

Shares of Crescent Point Energy stock opened at C$10.81 on Monday. The company has a quick ratio of 0.49, a current ratio of 0.76 and a debt-to-equity ratio of 54.04. Crescent Point Energy has a 12 month low of C$8.16 and a 12 month high of C$11.70. The business has a fifty day simple moving average of C$9.46 and a 200 day simple moving average of C$9.86. The stock has a market cap of C$6.70 billion, a PE ratio of 7.40, a price-to-earnings-growth ratio of -0.59 and a beta of 2.88.

Crescent Point Energy (TSE:CPG) (NYSE:CPG) last released its earnings results on Thursday, February 29th. The company reported C$0.37 EPS for the quarter, missing the consensus estimate of C$0.51 by C($0.14). The firm had revenue of C$1.01 billion during the quarter, compared to analyst estimates of C$1 billion. Crescent Point Energy had a net margin of 17.88% and a return on equity of 11.97%.

Insider Transactions at Crescent Point Energy

In other news, Senior Officer William Garret Holt acquired 49,309 shares of Crescent Point Energy stock in a transaction dated Friday, March 8th. The stock was bought at an average cost of C$10.15 per share, with a total value of C$500,486.35. 0.23% of the stock is owned by insiders.

Crescent Point Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Friday, March 15th will be given a dividend of $0.115 per share. This is a boost from Crescent Point Energy’s previous quarterly dividend of $0.02. This represents a $0.46 annualized dividend and a dividend yield of 4.26%. The ex-dividend date of this dividend is Thursday, March 14th. Crescent Point Energy’s dividend payout ratio is currently 31.51%.

About Crescent Point Energy

Crescent Point Energy Corp., together with its subsidiaries, 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.