Crescent Point Energy (NYSE:CPG) Reaches New 1-Year High at $9.08

Crescent Point Energy Corp. (NYSE:CPG) (TSE:CPG)’s stock price reached a new 52-week high during trading on Friday . The stock traded as high as $9.08 and last traded at $9.03, with a volume of 439895 shares trading hands. The stock had previously closed at $9.00.

Crescent Point Energy Stock Up 0.7 %

The company has a debt-to-equity ratio of 0.46, a current ratio of 0.76 and a quick ratio of 0.76. The company has a market cap of $5.61 billion, a price-to-earnings ratio of 12.86 and a beta of 2.23. The firm has a 50-day moving average price of $7.93 and a 200 day moving average price of $7.36.

Crescent Point Energy (NYSE:CPG) (TSE:CPG) last released its quarterly earnings results on Thursday, February 29th. The oil and gas producer reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.11). Crescent Point Energy had a return on equity of 13.27% and a net margin of 15.40%. The business had revenue of $743.70 million for the quarter, compared to the consensus estimate of $752.25 million. Sell-side analysts predict that Crescent Point Energy Corp. will post 1.17 EPS for the current year.

Crescent Point Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 15th were issued 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 3.80%. The ex-dividend date of this dividend was Thursday, March 14th. Crescent Point Energy’s dividend payout ratio is 48.57%.

Institutional Trading of Crescent Point Energy

A number of institutional investors and hedge funds have recently made changes to their positions in CPG. SG Americas Securities LLC bought a new stake in shares of Crescent Point Energy during the 3rd quarter worth $528,000. Bank of New York Mellon Corp lifted its holdings in shares of Crescent Point Energy by 8.3% in the third quarter. Bank of New York Mellon Corp now owns 43,119 shares of the oil and gas producer’s stock worth $358,000 after acquiring an additional 3,298 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Crescent Point Energy by 14.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 100,095 shares of the oil and gas producer’s stock worth $834,000 after acquiring an additional 12,667 shares during the last quarter. TD Asset Management Inc increased its position in Crescent Point Energy by 0.4% during the 3rd quarter. TD Asset Management Inc now owns 2,308,159 shares of the oil and gas producer’s stock worth $19,223,000 after purchasing an additional 9,004 shares in the last quarter. Finally, Ninepoint Partners LP boosted its position in Crescent Point Energy by 100.0% in the third quarter. Ninepoint Partners LP now owns 16,000,000 shares of the oil and gas producer’s stock valued at $132,800,000 after buying an additional 8,000,000 shares in the last quarter. Institutional investors own 49.37% of the company’s stock.

Crescent Point Energy Company Profile

Crescent Point Energy Corp. 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.