Crescent Point Energy Corp. explores, develops, and produces light and medium crude oil, natural gas liquids, and natural gas reserves in Western Canada and the United States. It's crude oil and natural gas properties, and related assets are located in the provinces of Saskatchewan, Alberta, British Columbia, and Manitoba; and the states of North Dakota and Montana. The company was incorporated in 1994 and is headquartered in Calgary, Canada.
Crescent Point Energy Price Performance
NYSE:CPG traded down $0.10 during trading hours on Friday, hitting $7.63. 9,275,302 shares of the stock were exchanged, compared to its average volume of 11,076,454. The firm's fifty day moving average price is $7.48 and its 200 day moving average price is $7.42. Crescent Point Energy has a 52-week low of $2.75 and a 52-week high of $10.96. The company has a market cap of $4.30 billion, a P/E ratio of 3.31 and a beta of 2.26. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.15.
Crescent Point Energy (NYSE:CPG - Get Rating) (TSE:CPG) last announced its quarterly earnings data on Wednesday, July 27th. The oil and gas producer reported $0.37 earnings per share for the quarter, missing analysts' consensus estimates of $0.43 by ($0.06). Crescent Point Energy had a net margin of 42.33% and a return on equity of 13.55%. The firm had revenue of $1.03 billion during the quarter. As a group, equities research analysts anticipate that Crescent Point Energy will post 2.71 EPS for the current fiscal year.
Crescent Point Energy Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Shareholders of record on Thursday, September 15th will be issued a $0.062 dividend. This is an increase from Crescent Point Energy's previous quarterly dividend of $0.02. The ex-dividend date is Wednesday, September 14th. This represents a $0.25 dividend on an annualized basis and a yield of 3.25%. Crescent Point Energy's dividend payout ratio is presently 9.09%.
Analyst Ratings Changes
A number of equities research analysts have recently commented on the stock. National Bank Financial dropped their price objective on shares of Crescent Point Energy from C$21.00 to C$20.00 in a research note on Thursday, July 28th. CIBC upped their price objective on shares of Crescent Point Energy from C$13.50 to C$16.00 in a research report on Wednesday, June 15th. Stifel Nicolaus raised their target price on Crescent Point Energy from C$15.50 to C$17.00 in a research report on Thursday, June 30th. Finally, Scotiabank raised Crescent Point Energy from a "sector perform" rating to a "sector outperform" rating in a report on Wednesday, June 8th. Eight analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $15.00.