Crescent Point Energy Corp Forecasted to Post Q3 2017 Earnings of ($0.01) Per Share (CPG)

Crescent Point Energy Corp (TSE:CPG) (NYSE:CPG) – Equities research analysts at Cormark dropped their Q3 2017 earnings per share (EPS) estimates for Crescent Point Energy Corp in a research note issued on Tuesday. Cormark analyst A. Arif now forecasts that the company will post earnings of ($0.01) per share for the quarter, down from their previous estimate of $0.05. Cormark also issued estimates for Crescent Point Energy Corp’s Q3 2018 earnings at ($0.01) EPS, Q4 2018 earnings at $0.00 EPS and FY2018 earnings at $0.05 EPS.

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Other analysts also recently issued research reports about the company. CIBC lowered their target price on Crescent Point Energy Corp from C$18.00 to C$11.50 in a research report on Thursday, July 20th. Royal Bank Of Canada lowered their target price on Crescent Point Energy Corp from C$18.00 to C$14.00 in a research report on Thursday, July 20th. Barclays PLC lowered their target price on Crescent Point Energy Corp from C$21.00 to C$12.00 in a research report on Monday, July 24th. BMO Capital Markets lowered their target price on Crescent Point Energy Corp from C$14.00 to C$13.00 in a research report on Tuesday, October 10th. Finally, National Bank Financial lowered their target price on Crescent Point Energy Corp from C$18.50 to C$14.00 in a research report on Friday, June 23rd. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of C$17.22.

Crescent Point Energy Corp (CPG) opened at 9.15 on Thursday. Crescent Point Energy Corp has a one year low of $8.08 and a one year high of $19.38. The firm’s market cap is $4.99 billion. The stock’s 50 day moving average price is $9.37 and its 200-day moving average price is $10.75.

In other news, insider Clifford Neil Smith sold 6,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of C$10.30, for a total value of C$61,800.00. Also, Director Gerald A. Romanzin sold 3,500 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of C$8.56, for a total value of C$29,960.00. In the last three months, insiders have sold 25,999 shares of company stock worth $252,276.

The firm also recently declared a monthly dividend, which was paid on Monday, October 16th. Shareholders of record on Saturday, September 30th were given a dividend of $0.03 per share. This represents a $0.36 dividend on an annualized basis and a yield of 3.93%. The ex-dividend date was Thursday, September 28th.

Crescent Point Energy Corp Company Profile

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.

Earnings History and Estimates for Crescent Point Energy Corp (TSE:CPG)

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