Crescent Point Energy Corp. to Post FY2025 Earnings of $1.14 Per Share, Atb Cap Markets Forecasts (TSE:CPG)

Crescent Point Energy Corp. (TSE:CPG) (NYSE:CPG) – Equities researchers at Atb Cap Markets decreased their FY2025 earnings per share (EPS) estimates for Crescent Point Energy in a report released on Monday, April 22nd. Atb Cap Markets analyst A. Arif now anticipates that the company will earn $1.14 per share for the year, down from their previous estimate 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.

Crescent Point Energy (TSE:CPG) (NYSE:CPG) last issued its quarterly earnings results on Thursday, February 29th. The company reported C$0.37 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.51 by C($0.14). The business 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%.

A number of other analysts have also recently weighed in on CPG. Canaccord Genuity Group increased their price objective on Crescent Point Energy from C$13.00 to C$14.00 and gave the stock a “buy” rating in a research report on Wednesday, April 17th. ATB Capital raised their price objective on shares of Crescent Point Energy from C$12.00 to C$13.00 in a research report on Monday. Jefferies Financial Group boosted their target price on Crescent Point Energy from C$12.00 to C$14.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. National Bankshares raised their price target on Crescent Point Energy from C$14.00 to C$19.00 and gave the company an “outperform” rating in a report on Friday. Finally, Stifel Nicolaus upped their price objective on Crescent Point Energy from C$14.00 to C$14.50 and gave the stock a “buy” rating in a report on Thursday, March 21st. Ten analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of C$14.25.

Crescent Point Energy Price Performance

Shares of CPG opened at C$11.90 on Tuesday. The company has a market capitalization of C$7.38 billion, a price-to-earnings ratio of 8.15, a price-to-earnings-growth ratio of -0.59 and a beta of 2.86. Crescent Point Energy has a fifty-two week low of C$8.16 and a fifty-two week high of C$12.47. The firm has a 50-day simple moving average of C$10.63 and a 200-day simple moving average of C$9.95. The company has a debt-to-equity ratio of 54.04, a quick ratio of 0.49 and a current ratio of 0.76.

Insider Activity

In other Crescent Point Energy news, Senior Officer William Garret Holt acquired 49,309 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The shares were acquired at an average cost of C$10.15 per share, for a total transaction of C$500,486.35. In other Crescent Point Energy news, Senior Officer William Garret Holt acquired 49,309 shares of the company’s stock in a transaction dated Friday, March 8th. The stock was acquired at an average cost 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 shares were sold at an average price of C$11.83, for a total value of C$408,099.51. Company insiders own 0.23% of the company’s stock.

Crescent Point Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 15th were issued a $0.115 dividend. This is a positive change from Crescent Point Energy’s previous quarterly dividend of $0.02. The ex-dividend date was Thursday, March 14th. This represents a $0.46 annualized dividend and a yield of 3.87%. Crescent Point Energy’s dividend payout ratio is 31.51%.

Crescent Point Energy Company Profile

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.