Brokers Set Expectations for Crescent Point Energy Corp.’s FY2025 Earnings (NYSE:CPG)

Crescent Point Energy Corp. (NYSE:CPG) (TSE:CPG) – Equities researchers at Atb Cap Markets cut their FY2025 earnings per share (EPS) estimates for shares of Crescent Point Energy in a report issued on Wednesday, March 20th. Atb Cap Markets analyst A. Arif now expects that the oil and gas producer will earn $0.92 per share for the year, down from their prior forecast of $0.93. The consensus estimate for Crescent Point Energy’s current full-year earnings is $1.21 per share.

Crescent Point Energy (NYSE:CPG) (TSE:CPG) last announced its earnings results on Thursday, February 29th. The oil and gas producer reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.11). Crescent Point Energy had a net margin of 15.40% and a return on equity of 13.27%. The business had revenue of $743.70 million during the quarter, compared to analyst estimates of $752.25 million.

Crescent Point Energy Stock Performance

Shares of CPG opened at $7.95 on Monday. The business’s 50 day moving average is $7.01 and its two-hundred day moving average is $7.28. Crescent Point Energy has a 52-week low of $6.03 and a 52-week high of $8.59. The firm has a market cap of $4.93 billion, a price-to-earnings ratio of 11.36 and a beta of 2.22. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.46.

Crescent Point Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Friday, March 15th will be given a dividend of $0.086 per share. This is a positive change from Crescent Point Energy’s previous quarterly dividend of $0.07. This represents a $0.34 annualized dividend and a dividend yield of 4.33%. The ex-dividend date of this dividend is Thursday, March 14th. Crescent Point Energy’s dividend payout ratio is currently 48.57%.

Institutional Investors Weigh In On Crescent Point Energy

Several institutional investors and hedge funds have recently made changes to their positions in CPG. Riverstone Holdings LLC acquired a new stake in shares of Crescent Point Energy during the 4th quarter valued at approximately $289,379,000. Goldman Sachs Group Inc. raised its position in shares of Crescent Point Energy by 1,534.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 9,277,441 shares of the oil and gas producer’s stock valued at $64,293,000 after acquiring an additional 8,709,962 shares in the last quarter. Ninepoint Partners LP raised its position in shares of Crescent Point Energy by 100.0% during the 3rd quarter. Ninepoint Partners LP now owns 16,000,000 shares of the oil and gas producer’s stock valued at $132,800,000 after acquiring an additional 8,000,000 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Crescent Point Energy by 294.0% during the 1st quarter. Renaissance Technologies LLC now owns 6,350,887 shares of the oil and gas producer’s stock valued at $46,064,000 after acquiring an additional 4,739,152 shares in the last quarter. Finally, Point72 Asset Management L.P. grew its stake in Crescent Point Energy by 2,053.3% during the 4th quarter. Point72 Asset Management L.P. now owns 2,728,200 shares of the oil and gas producer’s stock worth $19,473,000 after buying an additional 2,601,500 shares during the last quarter. 49.37% of the stock is owned by institutional investors and hedge funds.

About Crescent Point Energy

Crescent Point Energy Corp., together with its subsidiaries, explores, develops, and produces oil and gas properties in Canada and the United States. The company focuses on crude oil, tight oil, natural gas liquids, shale gas, and natural gas reserves. Its properties are located in the provinces of Saskatchewan, Alberta, British Columbia, and Manitoba; and the states of North Dakota.