Crescent Point Energy Corporation ($CPG) 3Q20 Earnings Sneak Preview

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Crescent Point Energy Corporation (NYSE:CPG) is reporting third quarter earnings results on Thursday 29th October 2020, before market open.

Previous Quarter Performance

Crescent Point Energy Corporation unveiled loss for the second quarter of $ 0.04 per share, from the revenue of $ 165.75 million.

Stock Performance

Shares of Crescent Point Energy Corporation traded low $ -0.09 or -7.09 percent on Wednesday, reaching $ 1.18 with volume of 1.78 million shares. Crescent Point Energy Corporation has traded high as $ 1.25 and has cracked $ 1.17 on the downward trend

According to the previous trading day, closing price of $ 1.18, representing a 149.02 % increase from the 52 week low of $ 0.51 and a 73.76 % decrease over the 52 week high of $ 4.84.

The company has a market capital of $ 630.40 million and is part of the Energy sector and Oil & Gas E&P industry.

Recent Stock Dividend Announcement

On July 30, 2020, the board of directors authorized quarterly dividend of $ 0.0025 per share to holders of record as of the close of business on September 15, 2020, with payment date of October 1, 2020 and ex-dividend date on September 14, 2020.

Crescent Point Energy Corp. explores, develops, and produces light and medium crude oil and natural gas reserves in Western Canada and the United States. The companys crude oil and natural gas properties, and related assets are located in the provinces of Saskatchewan, Alberta, British Columbia, and Manitoba; and the states of North Dakota, Montana, and Utah.