Crescent Point Energy (NYSE:CPG) Trading Up 2.8%

Crescent Point Energy Corp. (NYSE:CPG - Get Free Report) TSE: CPG rose 2.8% on Tuesday . The company traded as high as $8.40 and last traded at $8.40. Approximately 2,916,962 shares changed hands during trading, a decline of 48% from the average daily volume of 5,612,311 shares. The stock had previously closed at $8.17.

Crescent Point Energy Stock Performance

The company has a market cap of $5.26 billion, a P/E ratio of 12.11 and a beta of 2.23. 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 stock has a 50 day moving average price of $7.15 and a two-hundred day moving average price of $7.28.

Crescent Point Energy (NYSE:CPG - Get Free Report) TSE: CPG last announced its earnings results on Thursday, February 29th. The oil and gas producer reported $0.27 earnings per share for the quarter, missing analysts' consensus estimates of $0.38 by ($0.11). The firm had revenue of $743.70 million for the quarter, compared to the consensus estimate of $752.25 million. Crescent Point Energy had a return on equity of 13.27% and a net margin of 15.40%. On average, research analysts predict that Crescent Point Energy Corp. will post 1.21 earnings per share for the current fiscal year.

Crescent Point Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 15th were paid a dividend of $0.086 per share. The ex-dividend date was Thursday, March 14th. This represents a $0.34 dividend on an annualized basis and a dividend yield of 4.05%. This is a positive change from Crescent Point Energy's previous quarterly dividend of $0.07. Crescent Point Energy's dividend payout ratio (DPR) is 48.57%.

Institutional Investors Weigh In On Crescent Point Energy

A number of large investors have recently added to or reduced their stakes in the stock. Baird Financial Group Inc. grew its position in Crescent Point Energy by 0.8% during the second quarter. Baird Financial Group Inc. now owns 173,063 shares of the oil and gas producer's stock worth $1,165,000 after buying an additional 1,365 shares in the last quarter. Envestnet Asset Management Inc. grew its position in Crescent Point Energy by 3.7% during the fourth quarter. Envestnet Asset Management Inc. now owns 47,003 shares of the oil and gas producer's stock worth $326,000 after buying an additional 1,674 shares in the last quarter. Ronald Blue Trust Inc. grew its position in Crescent Point Energy by 33.6% during the third quarter. Ronald Blue Trust Inc. now owns 6,863 shares of the oil and gas producer's stock worth $57,000 after buying an additional 1,727 shares in the last quarter. Ameriprise Financial Inc. grew its position in Crescent Point Energy by 14.7% during the third quarter. Ameriprise Financial Inc. now owns 14,662 shares of the oil and gas producer's stock worth $122,000 after buying an additional 1,878 shares in the last quarter. Finally, Penbrook Management LLC grew its position in Crescent Point Energy by 0.4% during the fourth quarter. Penbrook Management LLC now owns 501,060 shares of the oil and gas producer's stock worth $3,493,000 after buying an additional 1,900 shares in the last quarter. Institutional investors and hedge funds own 49.37% of the company's stock.

Crescent Point Energy Company Profile

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.