Crescent Point Energy (NYSE:CPG) Sets New 1-Year High at $9.08

Crescent Point Energy Corp. (NYSE:CPG) (TSE:CPG)’s share price reached a new 52-week high on Friday . The stock traded as high as $9.08 and last traded at $9.03, with a volume of 439895 shares. The stock had previously closed at $9.00.

Crescent Point Energy Stock Performance

The company has a market capitalization of $5.62 billion, a P/E ratio of 12.96 and a beta of 2.23. The stock’s fifty day moving average price is $8.02 and its 200-day moving average price is $7.38. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.76 and a current ratio of 0.76.

Crescent Point Energy (NYSE:CPG) (TSE:CPG) last announced its quarterly earnings results on Thursday, February 29th. The oil and gas producer reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.11). Crescent Point Energy had a net margin of 15.40% and a return on equity of 13.27%. The company had revenue of $743.70 million during the quarter, compared to analyst estimates of $752.25 million. As a group, research analysts anticipate that Crescent Point Energy Corp. will post 1.17 EPS for the current fiscal year.

Crescent Point Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 15th were issued a dividend of $0.086 per share. This is a positive change from Crescent Point Energy’s previous quarterly dividend of $0.07. This represents a $0.34 annualized dividend and a dividend yield of 3.79%. The ex-dividend date of this dividend was Thursday, March 14th. Crescent Point Energy’s dividend payout ratio is 48.57%.

Institutional Trading of Crescent Point Energy

Several institutional investors and hedge funds have recently modified their holdings of CPG. Lindbrook Capital LLC increased its position in Crescent Point Energy by 74.5% during the 1st quarter. Lindbrook Capital LLC now owns 8,554 shares of the oil and gas producer’s stock worth $70,000 after purchasing an additional 3,652 shares in the last quarter. Dixon Mitchell Investment Counsel Inc. bought a new stake in Crescent Point Energy during the 1st quarter worth $41,000. Quadrature Capital Ltd acquired a new position in Crescent Point Energy in the 4th quarter worth about $11,663,000. Vanguard Group Inc. raised its position in Crescent Point Energy by 8.1% in the fourth quarter. Vanguard Group Inc. now owns 20,410,351 shares of the oil and gas producer’s stock valued at $141,444,000 after purchasing an additional 1,521,382 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Crescent Point Energy by 1,534.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 9,277,441 shares of the oil and gas producer’s stock valued at $64,293,000 after purchasing an additional 8,709,962 shares in the last quarter. 49.37% of the stock is currently owned by institutional investors.

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.