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

Crescent Point Energy Corp. (TSE:CPG - Free Report) NYSE: CPG - Equities research analysts at Atb Cap Markets decreased their FY2025 earnings per share (EPS) estimates for Crescent Point Energy in a note issued to investors on Monday, April 22nd. Atb Cap Markets analyst A. Arif now forecasts that the company will post earnings per share of $1.14 for the year, down from their previous forecast 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 - Get Free Report) NYSE: CPG last posted its earnings results on Thursday, February 29th. The company reported C$0.37 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of C$0.51 by C($0.14). The company had revenue of C$1.01 billion during the quarter, compared to the consensus estimate of C$1 billion. Crescent Point Energy had a net margin of 17.88% and a return on equity of 11.97%.

Other equities research analysts have also recently issued reports about the company. ATB Capital raised their target price on Crescent Point Energy from C$12.00 to C$13.00 in a research note on Monday. Canaccord Genuity Group raised their target price on Crescent Point Energy from C$13.00 to C$14.00 and gave the company a "buy" rating in a research note on Wednesday, April 17th. National Bankshares raised their price target on Crescent Point Energy from C$14.00 to C$19.00 and gave the company an "outperform" rating in a report on Friday. Stifel Nicolaus lifted their price objective on shares of Crescent Point Energy from C$14.25 to C$16.00 and gave the company a "buy" rating in a research note on Tuesday. Finally, BMO Capital Markets lifted their price objective on shares of Crescent Point Energy from C$12.00 to C$13.00 and gave the company an "outperform" rating in a research note on Thursday, March 21st. Ten research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of C$14.55.

Crescent Point Energy Stock Performance

CPG stock traded up C$0.20 during mid-day trading on Tuesday, reaching C$12.10. The company had a trading volume of 2,545,059 shares, compared to its average volume of 3,402,317. The company has a quick ratio of 0.49, a current ratio of 0.76 and a debt-to-equity ratio of 54.04. The stock has a market capitalization of C$7.50 billion, a P/E ratio of 8.29, a P/E/G ratio of -0.59 and a beta of 2.86. Crescent Point Energy has a one year low of C$8.16 and a one year high of C$12.47. The stock's 50-day simple moving average is C$10.63 and its two-hundred day simple moving average is C$9.95.

Crescent Point Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 15th were given a $0.115 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This is a boost from Crescent Point Energy's previous quarterly dividend of $0.02. This represents a $0.46 annualized dividend and a yield of 3.80%. Crescent Point Energy's payout ratio is 31.51%.

Insiders Place Their Bets

In other Crescent Point Energy news, Senior Officer Mark Gordon Eade sold 34,497 shares of the business's stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of C$11.83, for a total value of C$408,099.51. In other Crescent Point Energy news, Senior Officer Mark Gordon Eade sold 34,497 shares of the business's stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of C$11.83, for a total transaction of C$408,099.51. Also, Senior Officer William Garret Holt acquired 49,309 shares of the business's stock in a transaction on Friday, March 8th. The shares were bought at an average price of C$10.15 per share, for a total transaction of C$500,486.35. 0.23% of the stock is owned by company insiders.

About Crescent Point Energy

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.