Crescent Point Energy (NYSE:CPG) Reaches New 12-Month High at $9.08

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

Crescent Point Energy Trading Up 0.7 %

The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.76 and a current ratio of 0.76. The stock has a market capitalization of $5.61 billion, a P/E ratio of 12.86 and a beta of 2.23. The stock has a 50-day moving average price of $7.93 and a two-hundred day moving average price of $7.36.

Crescent Point Energy (NYSE:CPG) (TSE:CPG) last issued its quarterly earnings data 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 company had revenue of $743.70 million for the quarter, compared to analysts’ expectations of $752.25 million. On average, research analysts forecast that Crescent Point Energy Corp. will post 1.17 EPS for the current fiscal year.

Crescent Point Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 15th were given a $0.086 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.34 annualized dividend and a dividend yield of 3.80%. This is a positive change from Crescent Point Energy’s previous quarterly dividend of $0.07. Crescent Point Energy’s dividend payout ratio is currently 48.57%.

Institutional Trading of Crescent Point Energy

Hedge funds have recently modified their holdings of the business. Dixon Mitchell Investment Counsel Inc. purchased a new stake in Crescent Point Energy in the first quarter worth about $41,000. Parallel Advisors LLC boosted its position in shares of Crescent Point Energy by 224.1% in the 4th quarter. Parallel Advisors LLC now owns 6,378 shares of the oil and gas producer’s stock worth $44,000 after purchasing an additional 4,410 shares in the last quarter. Lindbrook Capital LLC grew its stake in shares of Crescent Point Energy by 74.5% in the 1st quarter. Lindbrook Capital LLC now owns 8,554 shares of the oil and gas producer’s stock worth $70,000 after buying an additional 3,652 shares during the last quarter. Blue Trust Inc. increased its position in Crescent Point Energy by 48.8% during the 4th quarter. Blue Trust Inc. now owns 10,210 shares of the oil and gas producer’s stock valued at $71,000 after buying an additional 3,347 shares in the last quarter. Finally, Kim LLC purchased a new position in Crescent Point Energy during the fourth quarter valued at $82,000. Institutional investors own 49.37% of the company’s stock.

About Crescent Point Energy

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.