Crescent Point Energy Corp Expected to Post FY2019 Earnings of $0.27 Per Share (TSE:CPG)
Crescent Point Energy Corp (TSE:CPG) (NYSE:CPG) – Equities research analysts at Cormark issued their FY2019 earnings per share estimates for Crescent Point Energy Corp in a research report issued to clients and investors on Friday. Cormark analyst A. Arif expects that the company will post earnings of $0.27 per share for the year.
A number of other research analysts have also commented on CPG. Royal Bank Of Canada dropped their price objective on shares of Crescent Point Energy Corp from C$21.00 to C$18.00 and set a “sector perform” rating on the stock in a research note on Friday, April 28th. Scotiabank reiterated an “outperform” rating and set a C$26.00 price target on shares of Crescent Point Energy Corp in a research note on Friday, April 28th. Barclays PLC dropped their price target on shares of Crescent Point Energy Corp from C$21.00 to C$12.00 in a research note on Monday, July 24th. National Bank Financial dropped their price target on shares of Crescent Point Energy Corp from C$18.50 to C$14.00 in a research note on Friday, June 23rd. Finally, TD Securities reiterated a “buy” rating and set a C$21.00 price target on shares of Crescent Point Energy Corp in a research note on Friday, April 28th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of C$20.21.
Crescent Point Energy Corp (TSE:CPG) traded down 0.71% during trading on Monday, hitting $9.83. The company had a trading volume of 206,901 shares. The firm’s 50 day moving average is $10.01 and its 200-day moving average is $13.21. Crescent Point Energy Corp has a 52-week low of $8.99 and a 52-week high of $22.00. The stock’s market capitalization is $5.36 billion.
The company also recently disclosed a monthly dividend, which will be paid on Tuesday, August 15th. Investors of record on Monday, July 31st will be paid a dividend of $0.03 per share. This represents a $0.36 annualized dividend and a dividend yield of 3.64%. The ex-dividend date is Thursday, July 27th.
In other Crescent Point Energy Corp news, insider Mark Gordon Eade acquired 6,000 shares of the company’s stock in a transaction dated Thursday, June 15th. The stock was bought at an average price of C$11.12 per share, with a total value of C$66,720.00. Also, insider Bradley Harlan Borggard sold 4,800 shares of the stock in a transaction on Monday, May 15th. The stock was sold at an average price of C$13.65, for a total transaction of C$65,520.00. In the last three months, insiders have purchased 7,500 shares of company stock worth $84,440 and have sold 27,847 shares worth $290,355.
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.
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