Cormark Weighs in on Crescent Point Energy Corp’s Q1 2018 Earnings (CPG)

Crescent Point Energy Corp (TSE:CPG) (NYSE:CPG) – Research analysts at Cormark decreased their Q1 2018 EPS estimates for shares of Crescent Point Energy Corp in a research note issued on Friday. Cormark analyst A. Arif now expects that the company will post earnings per share of $0.02 for the quarter, down from their previous forecast of $0.03. Cormark also issued estimates for Crescent Point Energy Corp’s Q2 2018 earnings at $0.02 EPS.

CPG has been the topic of a number of other reports. BMO Capital Markets cut their price target on Crescent Point Energy Corp from C$14.00 to C$13.00 in a report on Tuesday, October 10th. Barclays PLC cut their price target on Crescent Point Energy Corp from C$21.00 to C$12.00 in a report on Monday, July 24th. Royal Bank Of Canada cut their price target on Crescent Point Energy Corp from C$18.00 to C$14.00 in a report on Thursday, July 20th. TD Securities cut their price target on Crescent Point Energy Corp from C$16.00 to C$15.00 and set a “buy” rating on the stock in a report on Friday. Finally, CIBC cut their price target on Crescent Point Energy Corp from C$18.00 to C$11.50 in a report on Thursday, July 20th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of C$16.13.

ILLEGAL ACTIVITY NOTICE: “Cormark Weighs in on Crescent Point Energy Corp’s Q1 2018 Earnings (CPG)” was posted by Transcript Daily and is owned by of Transcript Daily. If you are viewing this report on another website, it was illegally copied and republished in violation of US and international copyright & trademark laws. The original version of this report can be accessed at https://transcriptdaily.com/2017/10/30/cormark-weighs-in-on-crescent-point-energy-corps-q1-2018-earnings-cpg.html.

Shares of Crescent Point Energy Corp (CPG) opened at 9.47 on Monday. The stock has a 50 day moving average price of $9.45 and a 200-day moving average price of $10.52. Crescent Point Energy Corp has a 1-year low of $8.08 and a 1-year high of $19.38. The stock’s market capitalization is $5.17 billion.

The firm also recently announced a monthly dividend, which was paid on Monday, October 16th. Investors of record on Saturday, September 30th were paid a dividend of $0.03 per share. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $0.36 annualized dividend and a yield of 3.80%.

In related news, Director Gerald A. Romanzin sold 3,500 shares of the business’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of C$8.56, for a total transaction of C$29,960.00. Also, insider Clifford Neil Smith sold 6,000 shares of the business’s stock in a transaction on Wednesday, September 27th. The stock was sold at an average price of C$10.30, for a total value of C$61,800.00. Over the last 90 days, insiders have sold 25,999 shares of company stock worth $252,276.

About Crescent Point Energy Corp

Crescent Point Energy Corp. (Crescent Point) is a Canada-based oil and gas exploration, development and production company. The Company is an oil and gas producer with assets consisting of light and medium oil and natural gas reserves in Western Canada and the United States. Its 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, Montana, Colorado and Utah.

Earnings History and Estimates for Crescent Point Energy Corp (TSE:CPG)

Receive News & Ratings for Crescent Point Energy Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crescent Point Energy Corp and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply