Equities Analysts Issue Forecasts for Crescent Point Energy Corporation’s FY2019 Earnings (NYSE:CPG)

Crescent Point Energy Corporation (NYSE:CPG) (TSE:CPG) – Stock analysts at Cormark issued their FY2019 earnings estimates for Crescent Point Energy Corporation in a research report issued on Friday. Cormark analyst A. Arif forecasts that the oil and gas producer will post earnings per share of $0.22 for the year.

Crescent Point Energy Corporation (NYSE:CPG) (TSE:CPG) last released its earnings results on Thursday, July 27th. The oil and gas producer reported $0.05 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.03) by $0.08. Crescent Point Energy Corporation had a negative net margin of 13.80% and a positive return on equity of 1.83%. The business had revenue of $605.03 million during the quarter, compared to analyst estimates of $602.04 million. During the same quarter in the prior year, the firm earned $0.03 earnings per share. WARNING: This report was reported by Sports Perspectives and is the sole property of of Sports Perspectives. If you are viewing this report on another domain, it was illegally copied and reposted in violation of US & international trademark & copyright legislation. The legal version of this report can be accessed at https://sportsperspectives.com/2017/07/31/equities-analysts-issue-forecasts-for-crescent-point-energy-corporations-fy2019-earnings-nysecpg.html.

Several other research analysts also recently issued reports on the company. Zacks Investment Research raised Crescent Point Energy Corporation from a “hold” rating to a “strong-buy” rating and set a $11.00 price target for the company in a research note on Monday, May 1st. AltaCorp Capital reissued an “outperform” rating on shares of Crescent Point Energy Corporation in a research note on Tuesday, May 9th. Finally, ValuEngine downgraded shares of Crescent Point Energy Corporation from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $20.94.

Shares of Crescent Point Energy Corporation (NYSE CPG) traded down 1.317% during midday trading on Monday, hitting $7.865. 146,155 shares of the company were exchanged. The company has a 50-day moving average price of $7.74 and a 200-day moving average price of $9.95. Crescent Point Energy Corporation has a 52-week low of $6.97 and a 52-week high of $17.22. The stock’s market capitalization is $4.29 billion.

The firm also recently declared a monthly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Monday, July 31st will be issued a $0.023 dividend. This is a boost from Crescent Point Energy Corporation’s previous monthly dividend of $0.02. The ex-dividend date is Thursday, July 27th. This represents a $0.28 annualized dividend and a yield of 3.46%. Crescent Point Energy Corporation’s payout ratio is -48.28%.

Hedge funds have recently bought and sold shares of the stock. Tower Research Capital LLC TRC boosted its stake in Crescent Point Energy Corporation by 1,273.5% in the first quarter. Tower Research Capital LLC TRC now owns 7,142 shares of the oil and gas producer’s stock valued at $103,000 after buying an additional 6,622 shares during the period. TNB Financial acquired a new stake in Crescent Point Energy Corporation during the first quarter valued at approximately $124,000. Dynamic Technology Lab Private Ltd acquired a new stake in Crescent Point Energy Corporation during the first quarter valued at approximately $187,000. Two Sigma Investments LP acquired a new stake in Crescent Point Energy Corporation during the fourth quarter valued at approximately $280,000. Finally, Candriam Luxembourg S.C.A. boosted its stake in Crescent Point Energy Corporation by 80.5% in the first quarter. Candriam Luxembourg S.C.A. now owns 29,198 shares of the oil and gas producer’s stock valued at $315,000 after buying an additional 13,024 shares during the period. Institutional investors own 41.75% of the company’s stock.

Earnings History and Estimates for Crescent Point Energy Corporation (NYSE:CPG)

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