Crescent Point Energy Corp (CPG) Posts Quarterly Earnings, Beats Expectations By $0.12 EPS
Crescent Point Energy Corp (TSE:CPG) issued its quarterly earnings data on Thursday. The company reported $0.43 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.31 by $0.12, AnalystRatingsNetwork.com reports.
CPG has been the subject of a number of recent research reports. Analysts at Barclays raised their price target on shares of Crescent Point Energy Corp from C$48.00 to C$49.00 in a research note on Wednesday, July 23rd. They now have an “overweight” rating on the stock. On a related note, analysts at CIBC raised their price target on shares of Crescent Point Energy Corp from C$53.00 to C$55.00 in a research note on Thursday, July 17th. They now have an “outperform” rating on the stock. Finally, analysts at Raymond James raised their price target on shares of Crescent Point Energy Corp from C$51.00 to C$55.00 in a research note on Monday, July 7th. They now have an “outperform” rating on the stock. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Crescent Point Energy Corp currently has an average rating of “Buy” and an average price target of C$51.00.
Crescent Point Energy Corp (TSE:CPG) opened at 43.85 on Thursday. Crescent Point Energy Corp has a 1-year low of $37.22 and a 1-year high of $48.68. The stock’s 50-day moving average is $44.95 and its 200-day moving average is $42.70. The company has a market cap of $17.456 billion and a P/E ratio of 96.28.
The company also recently declared a jul 14 dividend, which is scheduled for Friday, August 15th. Stockholders of record on Thursday, July 31st will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Tuesday, July 29th.
Crescent Point Energy Corp is a Canada-based oil and gas exploration, development and production company.
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