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
Shares of CPG opened at $7.47 on Tuesday. Crescent Point Energy has a fifty-two week low of $2.75 and a fifty-two week high of $10.96. The firm's 50 day moving average price is $7.66 and its 200 day moving average price is $7.41. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.15. The company has a market cap of $4.21 billion, a P/E ratio of 3.23 and a beta of 2.26.
Crescent Point Energy (NYSE:CPG - Get Rating) (TSE:CPG) last posted its earnings results on Wednesday, July 27th. The oil and gas producer reported $0.37 EPS for the quarter, missing analysts' consensus estimates of $0.43 by ($0.06). The company had revenue of $1.03 billion during the quarter. Crescent Point Energy had a net margin of 42.33% and a return on equity of 13.55%. On average, research analysts forecast that Crescent Point Energy will post 2.71 earnings per share for the current fiscal year.
Crescent Point Energy Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Thursday, September 15th will be issued a dividend of $0.062 per share. The ex-dividend date is Wednesday, September 14th. This is an increase from Crescent Point Energy's previous quarterly dividend of $0.02. This represents a $0.25 dividend on an annualized basis and a dividend yield of 3.32%. Crescent Point Energy's payout ratio is 9.09%.
Analyst Upgrades and Downgrades
A number of research analysts have recently issued reports on the company. Stifel Nicolaus raised their price objective on Crescent Point Energy from C$15.50 to C$17.00 in a research note on Thursday, June 30th. National Bank Financial lowered their target price on shares of Crescent Point Energy from C$21.00 to C$20.00 in a report on Thursday, July 28th. CIBC lifted their target price on shares of Crescent Point Energy from C$13.50 to C$16.00 in a research report on Wednesday, June 15th. Finally, Scotiabank raised shares of Crescent Point Energy from a "sector perform" rating to a "sector outperform" rating in a research report on Wednesday, June 8th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Crescent Point Energy currently has an average rating of "Buy" and a consensus price target of $15.00.