Crescent Point Energy Corp (TSE:CPG) (NYSE:CPG) – Equities research analysts at National Bank Financial upped their FY2017 earnings per share (EPS) estimates for Crescent Point Energy in a research note issued on Tuesday, Zacks Investment Research reports. National Bank Financial analyst T. Wood now expects that the company will earn ($0.02) per share for the year, up from their previous estimate of ($0.08). National Bank Financial currently has a “Outperform” rating and a $16.00 target price on the stock. National Bank Financial also issued estimates for Crescent Point Energy’s FY2018 earnings at $0.33 EPS.
CPG has been the subject of a number of other reports. Barclays increased their target price on shares of Crescent Point Energy from C$13.00 to C$14.00 in a report on Wednesday, January 17th. TD Securities dropped their price objective on shares of Crescent Point Energy from C$16.00 to C$15.00 and set a “buy” rating for the company in a research note on Friday, October 27th. Royal Bank of Canada raised their price objective on shares of Crescent Point Energy from C$12.00 to C$13.00 and gave the stock a “sector perform” rating in a research note on Wednesday, January 10th. BMO Capital Markets dropped their price objective on shares of Crescent Point Energy from C$14.00 to C$13.00 in a research note on Tuesday, October 10th. Finally, CIBC raised their price objective on shares of Crescent Point Energy from C$11.00 to C$12.50 in a research note on Tuesday, January 23rd.
Shares of Crescent Point Energy (CPG) traded down C$0.47 during trading on Friday, reaching C$9.37. 4,867,900 shares of the company’s stock were exchanged, compared to its average volume of 3,810,000. Crescent Point Energy has a 12 month low of C$8.08 and a 12 month high of C$16.64. The stock has a market capitalization of $5,110.00, a PE ratio of -8.76 and a beta of 1.11.
The company also recently announced a monthly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Thursday, February 15th will be paid a $0.03 dividend. The ex-dividend date of this dividend is Tuesday, January 30th. This represents a $0.36 annualized dividend and a yield of 3.84%. Crescent Point Energy’s payout ratio is currently -33.64%.
In other news, Director Edward Goldthorpe bought 15,000 shares of the stock in a transaction on Monday, December 4th. The stock was purchased at an average cost of C$7.45 per share, with a total value of C$111,750.00. Also, insider Mark Gordon Eade sold 2,500 shares of Crescent Point Energy stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of C$11.10, for a total transaction of C$27,750.00. Insiders sold a total of 10,500 shares of company stock valued at $101,090 over the last ninety days.
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Crescent Point Energy 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.
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