Crescent Point Energy Corp (TSE:CPG) (NYSE:CPG) – Investment analysts at National Bank Financial lowered their FY2018 EPS estimates for Crescent Point Energy in a note issued to investors on Tuesday, January 15th, Zacks Investment Research reports. National Bank Financial analyst T. Wood now expects that the company will earn ($0.75) per share for the year, down from their prior forecast of ($0.32). National Bank Financial currently has a “Outperform” rating and a $6.50 target price on the stock. National Bank Financial also issued estimates for Crescent Point Energy’s FY2019 earnings at $0.07 EPS.
Several other analysts also recently commented on CPG. Canaccord Genuity dropped their price objective on shares of Crescent Point Energy from C$15.00 to C$13.00 in a report on Tuesday, October 16th. Raymond James dropped their price objective on shares of Crescent Point Energy from C$13.00 to C$11.00 in a report on Friday, October 5th. GMP Securities dropped their price objective on shares of Crescent Point Energy from C$10.50 to C$8.00 in a report on Thursday, December 13th. CIBC dropped their price objective on shares of Crescent Point Energy from C$11.00 to C$9.00 in a report on Thursday, November 22nd. Finally, Royal Bank of Canada dropped their price objective on shares of Crescent Point Energy from C$11.00 to C$6.00 in a report on Tuesday, January 8th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of C$8.77.
TSE:CPG traded down C$0.07 during trading hours on Friday, hitting C$3.85. 3,462,700 shares of the company were exchanged, compared to its average volume of 4,324,508. The company has a market cap of $2.12 billion and a PE ratio of -7.40. Crescent Point Energy has a 52-week low of C$3.70 and a 52-week high of C$11.81. The company has a current ratio of 0.48, a quick ratio of 0.42 and a debt-to-equity ratio of 46.70.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Friday, March 15th will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 1.04%. The ex-dividend date of this dividend is Thursday, March 14th. Crescent Point Energy’s dividend payout ratio (DPR) is currently -69.23%.
Crescent Point Energy Company Profile
Crescent Point Energy Corp. acquires, explores, develops, and produces light and medium oil and natural gas properties in Western Canada and the United States. The company’s 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, and Utah.