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

Crescent Point Energy Corp. (TSE:CPG) (NYSE:CPG) – Stock analysts at Atb Cap Markets cut their FY2025 earnings estimates for shares of Crescent Point Energy in a report released on Monday, April 22nd. Atb Cap Markets analyst A. Arif now forecasts that the company will post earnings of $1.14 per share 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.

Other research analysts have also issued reports about the stock. Raymond James lowered their price objective on shares of Crescent Point Energy from C$16.50 to C$14.00 and set an “outperform” rating on the stock in a research note on Friday, January 19th. Canaccord Genuity Group lifted their target price on shares of Crescent Point Energy from C$13.00 to C$14.00 and gave the stock a “buy” rating in a report on Wednesday, April 17th. ATB Capital lifted their target price on shares of Crescent Point Energy from C$12.00 to C$13.00 in a report on Monday. BMO Capital Markets lifted their target price on shares of Crescent Point Energy from C$12.00 to C$13.00 and gave the stock an “outperform” rating in a report on Thursday, March 21st. Finally, Desjardins lifted their target price on shares of Crescent Point Energy from C$12.50 to C$14.00 and gave the stock a “buy” rating in a report on Tuesday. Ten equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Crescent Point Energy has an average rating of “Buy” and a consensus target price of C$14.55.

Crescent Point Energy Stock Up 0.2 %

Crescent Point Energy stock opened at C$12.13 on Tuesday. The firm has a market capitalization of C$7.52 billion, a PE ratio of 8.31, a P/E/G ratio of -0.59 and a beta of 2.86. The company’s 50-day moving average is C$10.70 and its 200-day moving average is C$9.96. Crescent Point Energy has a fifty-two week low of C$8.16 and a fifty-two week high of C$12.47. The company has a debt-to-equity ratio of 54.04, a current ratio of 0.76 and a quick ratio of 0.49.

Crescent Point Energy (TSE:CPG) (NYSE:CPG) last released its quarterly earnings data on Thursday, February 29th. The company reported C$0.37 earnings per share for the quarter, missing the consensus estimate of C$0.51 by C($0.14). The firm had revenue of C$1.01 billion for the quarter, compared to analyst estimates of C$1 billion. Crescent Point Energy had a return on equity of 11.97% and a net margin of 17.88%.

Crescent Point Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 15th were issued a $0.115 dividend. The ex-dividend date was Thursday, March 14th. This represents a $0.46 dividend on an annualized basis and a yield of 3.79%. This is an increase from Crescent Point Energy’s previous quarterly dividend of $0.02. Crescent Point Energy’s payout ratio is currently 31.51%.

Insider Buying and Selling at Crescent Point Energy

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

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.