FY2017 Earnings Forecast for Crescent Point Energy Corp Issued By National Bank Financial (TSE:CPG)
Crescent Point Energy Corp (TSE:CPG) (NYSE:CPG) – National Bank Financial increased their FY2017 earnings estimates for shares of Crescent Point Energy Corp in a research report issued on Thursday. National Bank Financial analyst T. Wood now expects that the company will earn $0.34 per share for the year, up from their prior forecast of $0.27.
Several other equities research analysts also recently weighed in on the company. Royal Bank Of Canada cut their price target on Crescent Point Energy Corp from C$21.00 to C$18.00 and set a “sector perform” rating on the stock in a report on Friday, April 28th. Scotiabank restated an “outperform” rating and set a C$26.00 price target on shares of Crescent Point Energy Corp in a report on Friday, April 28th. TD Securities restated a “buy” rating and set a C$21.00 price target on shares of Crescent Point Energy Corp in a report on Friday, April 28th. CIBC cut their price target on Crescent Point Energy Corp from C$18.00 to C$11.50 in a report on Thursday, July 20th. Finally, Barclays PLC cut their price target on Crescent Point Energy Corp from C$21.00 to C$12.00 in a report on Monday, July 24th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of C$20.21.
Shares of Crescent Point Energy Corp (TSE:CPG) opened at 9.80 on Monday. The company’s market cap is $5.35 billion. Crescent Point Energy Corp has a 12 month low of $8.97 and a 12 month high of $22.00. The company’s 50-day moving average price is $9.96 and its 200-day moving average price is $13.11.
In other Crescent Point Energy Corp news, insider Mark Gordon Eade acquired 6,000 shares of the stock in a transaction dated Thursday, June 15th. The stock was acquired at an average cost of C$11.12 per share, with a total value of C$66,720.00. Also, insider Bradley Harlan Borggard sold 4,800 shares of the company’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of C$13.65, for a total value of C$65,520.00. Over the last ninety days, insiders have bought 7,500 shares of company stock valued at $84,440 and have sold 27,847 shares valued at $290,355.
The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Monday, July 31st will be given a dividend of $0.03 per share. The ex-dividend date is Thursday, July 27th. This represents a $0.36 annualized dividend and a dividend yield of 3.67%.
About Crescent Point Energy Corp
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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