Fiscal Year Earnings Estimate on Crescent Point Energy Corporation(CPG)
- Author: Zachary Reyes Feb 24, 2017,
Feb 24, 2017, 13:47
Crescent Point Energy Corp (TSE:CPG) (NYSE:CPG)'s stock had its "outperform" rating reissued by equities researchers at Scotiabank in a research report issued to clients and investors on Tuesday. Who wouldn't? Last year's market-beating Top 10 portfolio produced 5 double-digit winners. For the most recent quarter end, CPG reported a surprise Earnings per Share of 57.14%.
Struggling to find a way in profitable zone, the current EPS estimate trend for the next year first quarter was $0.04 while three months ago that trend was for $0.07.
On 05/12/2016, Analysts were suspecting EPS of $-0.11/share where Crescent Point Energy Corp.
Net loss widened to C$510.6 million, or 94 Canadian cents per share, in the fourth quarter, from C$382.4 million, or 76 Canadian cents per share, a year earlier. On 7th Day after earnings release, Crescent Point Energy Corp. (NYSE:CPG) reported its Actual EPS of $-0.13. The recent trading ended with the price almost 7.91 higher for the last 5 trading days, rebounding 18.42% from its 52-week low. The stock retreated -0.76% the day following the earnings announcement, and on 7th day price change was 4.41%. Gross Margin percentage stands at 0% while its Operating Margin for trailing twelve month is 0 percent and Profit margin (ttm) is 0 Percent.
Crescent Point Energy Corporation last declared its Dividend on Jan 27, 2017. (Crescent Point) is a Canada-based oil and gas exploration, development and production company. For the Current Quarter, 6 analysts are projecting the mean EPS to be $-0.04/share. For the quarter, revenue came in at 645.9M versus consensus estimate of 646.12M.
Crescent Point Energy Corporation (NYSE:CPG) witnessed a decline in the market cap on Wednesday as its shares dropped 4.43% or 0.55 points. CPG was a big mover last session, as the company saw its shares rise nearly 8% on the day. These holdings make up 52.89% of the company's outstanding shares. The Stock now has the market capitalization of $6.72 Billion, P/E (price to earnings ttm) of 0 and Weekly volatility of 3.34% and monthly volatility of 3.22% respectively. The 52-week low of the share price is $10.48. Zacks Investment Research upgraded Crescent Point Energy Corporation from a "hold" rating to a "buy" rating and set a $15.00 price objective on the stock in a research report on Tuesday, October 11th. 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.
On Sep 16 Crescent Point Energy Corp.