Crescent Point Energy (NYSE:CPG) Sets New 1-Year High at $9.08

Crescent Point Energy Corp. (NYSE:CPG - Get Free Report) TSE: CPG shares hit a new 52-week high during trading on Friday . The company traded as high as $9.08 and last traded at $9.03, with a volume of 439895 shares changing hands. The stock had previously closed at $9.00.

Crescent Point Energy Stock Up 0.8 %

The firm's fifty day moving average price is $7.97 and its two-hundred day moving average price is $7.37. The stock has a market cap of $5.62 billion, a price-to-earnings ratio of 12.91 and a beta of 2.23. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.76 and a quick ratio of 0.76.

Crescent Point Energy (NYSE:CPG - Get Free Report) TSE: CPG last announced its quarterly earnings data 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). Crescent Point Energy had a net margin of 15.40% and a return on equity of 13.27%. The company had revenue of $743.70 million for the quarter, compared to analyst estimates of $752.25 million. Sell-side analysts forecast that Crescent Point Energy Corp. will post 1.17 earnings per share for the current fiscal year.

Crescent Point Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 15th were issued a $0.086 dividend. This represents a $0.34 dividend on an annualized basis and a dividend yield of 3.79%. The ex-dividend date of this dividend was Thursday, March 14th. This is a positive change from Crescent Point Energy's previous quarterly dividend of $0.07. Crescent Point Energy's dividend payout ratio is currently 48.57%.

Institutional Trading of Crescent Point Energy

A number of hedge funds have recently bought and sold shares of CPG. Penbrook Management LLC boosted its stake in Crescent Point Energy by 0.4% in the fourth quarter. Penbrook Management LLC now owns 501,060 shares of the oil and gas producer's stock valued at $3,493,000 after acquiring an additional 1,900 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its position in shares of Crescent Point Energy by 7.2% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 36,370 shares of the oil and gas producer's stock valued at $302,000 after purchasing an additional 2,431 shares during the period. Signaturefd LLC raised its position in shares of Crescent Point Energy by 21.9% in the third quarter. Signaturefd LLC now owns 15,334 shares of the oil and gas producer's stock valued at $127,000 after purchasing an additional 2,752 shares during the period. FourThought Financial Partners LLC raised its position in shares of Crescent Point Energy by 9.7% in the fourth quarter. FourThought Financial Partners LLC now owns 32,311 shares of the oil and gas producer's stock valued at $224,000 after purchasing an additional 2,844 shares during the period. Finally, Bank of New York Mellon Corp raised its position in shares of Crescent Point Energy by 8.3% in the third quarter. Bank of New York Mellon Corp now owns 43,119 shares of the oil and gas producer's stock valued at $358,000 after purchasing an additional 3,298 shares during the period. 49.37% of the stock is currently owned by institutional investors.

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.