Crescent Point Energy Corp (CPG) Expected to Post FY2020 Earnings of $1.05 Per Share
Crescent Point Energy Corp (TSE:CPG) (NYSE:CPG) – Cormark issued their FY2020 earnings estimates for shares of Crescent Point Energy in a research report issued on Friday. Cormark analyst A. Arif expects that the company will post earnings per share of $1.05 for the year.
Several other research analysts have also commented on the company. Barclays cut their price target on Crescent Point Energy from C$14.00 to C$12.00 in a research report on Friday. TD Securities cut their price target on Crescent Point Energy from C$15.50 to C$14.50 and set a “buy” rating on the stock in a research report on Friday. CIBC lifted their price target on Crescent Point Energy from C$11.00 to C$12.50 in a research report on Tuesday, January 23rd. Royal Bank of Canada lifted their price target on Crescent Point Energy from C$12.00 to C$13.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 10th. Finally, National Bank Financial lifted their price target on Crescent Point Energy from C$12.00 to C$16.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 9th.
The company also recently declared a monthly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 15th will be given a dividend of $0.03 per share. This represents a $0.36 annualized dividend and a yield of 4.22%. The ex-dividend date of this dividend is Tuesday, February 27th. Crescent Point Energy’s dividend payout ratio (DPR) is -1,200.00%.
In other news, Director D. Hugh Gillard sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of C$9.08, for a total value of C$27,240.00. Also, insider Mark Gordon Eade sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of C$11.10, for a total value of C$27,750.00. In the last ninety days, insiders have sold 10,500 shares of company stock worth $101,090.
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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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