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Crescent Point Energy Corp. will earn $2.83 per share in fiscal year 2022, according to Stifel Firstegy (NYSE:CPG)

Crescent Point Energy Corp. will earn $2.83 per share in fiscal year 2022, according to Stifel Firstegy (NYSE:CPG)

(NYSE: CPG) (TSE: CPG) Crescent Point Energy, Inc. is the company’s name. Stifel Firstegy analysts raised their projections for the earnings that Crescent Point Energy will bring in during the fiscal year 2022 in a research note published on Thursday, January 5. The note was made public on the same day. C. Kwong, an analyst at Stifel Firstegy, forecasts that the oil and gas business will earn $2.83 per share for the entire year. This figure represents an increase from the previous estimate of $2.80 per share. According to the average estimate among financial analysts, Crescent Point Energy’s earnings for the full year are expected to come in at $2.83 per share. This is the most recent forecast. Stifel Firstegy projects that Crescent Point Energy’s earnings for the fiscal year 2023 will be $1.15 per share, which is the amount they anticipate the company will bring in.
CPG has also been the focus of coverage in several other reports that have been published. On October 12, a Wednesday, Crescent Point Energy was brought under the purview of the reporting done by StockNews.com. They suggested that an interested party purchase the company. In a research report made available to the public on September 30, 2015, National Bank Financial stated that their target price for Crescent Point Energy has decreased from C$20.00 to C$18.00. Stifel Nicolaus lowered their price target for Crescent Point Energy in a research report released on Monday, December 12. The new price target is C$16.00, down from C$17.00. The final and most significant adjustment was made here.
On Monday, the price of a single share of NYSE CPG stock was set at $6.67 to commence trading. The company’s price-to-earnings ratio, which is 2.35, and its beta value, which is 2.22, are relatively high. The stock is currently valued at $3.69 billion on the market. The company’s 205-day moving average and 250-day moving average are currently at $7.41, with the 250-day moving average coming in at $7.26. The price of Crescent Point Energy has been in a consistent range over the past 52 weeks, with a high of $10.96 and a low of $10.96. While the current ratio, the quick ratio, and the debt-to-equity ratio all come in at 0.61, the debt-to-equity ratio is significantly lower at 0.13.
The most recent quarterly earnings report for Crescent Point Energy (NYSE: CPG) (TSE: CPG) was released on October 26, 2018. The oil and gas company reported earnings per share (EPS) for the quarter at $0.33, which was $0.02 higher than the average estimate of $0.31. Crescent Point Energy had a return on equity of 14.13 percent, and the net margin for the company was 48.44 percent. The company posted revenue totaling $881.85 million during the period in question.
In addition, the company has declared that it will begin disbursing a quarterly dividend beginning on Monday, April 3, and it has given this information to the public. A dividend payment of $0.075 per share will be made to all stockholders of record as of March 15 on Monday, April 3, and it has given this information to the public. A dividend payment of $0.075 per share will be made to all stockholders of record as of March 15. The previous value of Crescent Point Energy’s quarterly dividend was $0.05; as a result, this represents an increase. This equates to a dividend payment of $0.30 per year, which results in a dividend yield of 4.50%. On March 14, shareholders are no longer entitled to dividend payments. Crescent Point Energy returns 8.45% of total earnings to shareholders in the form of dividends.
In recent times, a significant number of investors have been active in the buying and selling of CPG shares. During the third quarter of this year, Wipfli Financial Advisors LLC invested approximately $31,000 to acquire a new position in Crescent Point Energy. Through the third quarter, Ronald Blue Trust Inc. increased the percentage of Crescent Point Energy that it owned by 1,069,000 percent. Following the purchase of an additional 6,136 shares during that period, Ronald Blue Trust Inc. is now the owner of the stock of the oil and gas producer, which gives the stock a total value of $48,000. EverSource Wealth Advisors LLC established a new position in Crescent Point Energy during the second quarter. The value of this new position was approximately $50,000. PNC Financial Services Group Inc. increased its ownership in Crescent Point Energy during the first three months of 2018. This holding was worth approximately $50,000 at its peak value. Lazard Asset Management LLC, not wanting to be outdone, gave Crescent Point Energy a financial contribution of $62,000 over the first three months of this year. Hedge funds and other institutional investors currently hold 32.71% of the outstanding shares.

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