FY2025 EPS Estimates for Crescent Point Energy Corp. Lowered by Atb Cap Markets (TSE:CPG)

Crescent Point Energy Corp. (TSE:CPG) (NYSE:CPG) – Atb Cap Markets cut their FY2025 earnings per share (EPS) estimates for Crescent Point Energy in a report issued on Monday, April 22nd. Atb Cap Markets analyst A. Arif now expects that the company will post earnings of $1.14 per share for the year, down from their previous estimate of $1.24. The consensus estimate for Crescent Point Energy’s current full-year earnings is $1.43 per share. Atb Cap Markets also issued estimates for Crescent Point Energy’s FY2027 earnings at $0.64 EPS and FY2028 earnings at $0.70 EPS.

Crescent Point Energy (TSE:CPG) (NYSE:CPG) last released its quarterly 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). Crescent Point Energy had a return on equity of 11.97% and a net margin of 17.88%. The business had revenue of C$1.01 billion during the quarter, compared to analyst estimates of C$1 billion.

Several other analysts have also weighed in on CPG. BMO Capital Markets boosted their price objective on Crescent Point Energy from C$12.00 to C$13.00 and gave the company an “outperform” rating in a report on Thursday, March 21st. Jefferies Financial Group boosted their price objective on Crescent Point Energy from C$12.00 to C$14.00 in a report on Tuesday. National Bankshares boosted their price objective on Crescent Point Energy from C$14.00 to C$19.00 and gave the company an “outperform” rating in a report on Friday, April 19th. Raymond James lowered their price objective on Crescent Point Energy from C$16.50 to C$14.00 and set an “outperform” rating for the company in a report on Friday, January 19th. Finally, ATB Capital boosted their price objective on Crescent Point Energy from C$12.00 to C$13.00 in a report on Monday. Ten research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Crescent Point Energy currently has a consensus rating of “Buy” and an average price target of C$14.55.

Crescent Point Energy Trading Up 0.2 %

TSE:CPG opened at C$12.13 on Tuesday. The company has a debt-to-equity ratio of 54.04, a quick ratio of 0.49 and a current ratio of 0.76. Crescent Point Energy has a one year low of C$8.16 and a one year high of C$12.47. The business’s 50-day simple moving average is C$10.70 and its 200 day simple moving average is C$9.96. The stock has a market cap of C$7.52 billion, a price-to-earnings ratio of 8.31, a price-to-earnings-growth ratio of -0.59 and a beta of 2.86.

Insider Activity

In other news, Senior Officer Mark Gordon Eade sold 34,497 shares of the company’s stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of C$11.83, for a total transaction of C$408,099.51. In other Crescent Point Energy 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 acquired at an average cost of C$10.15 per share, for a total transaction of C$500,486.35. Also, Senior Officer Mark Gordon Eade sold 34,497 shares of the business’s stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of C$11.83, for a total value of C$408,099.51. Corporate insiders own 0.23% of the company’s stock.

Crescent Point Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 15th were issued a dividend of $0.115 per share. The ex-dividend date was Thursday, March 14th. This is a positive change from Crescent Point Energy’s previous quarterly dividend of $0.02. This represents a $0.46 annualized dividend and a dividend yield of 3.79%. Crescent Point Energy’s dividend payout ratio is 31.51%.

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.