Crescent Point Energy (CPG) Stock Forecast, Price & News

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Crescent Point Energy in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" CPG shares.
View CPG analyst ratings or view top-rated stocks.

2 Wall Street research analysts have issued 1-year price objectives for Crescent Point Energy's stock. Their CPG share price forecasts range from $13.00 to $16.00. On average, they anticipate the company's stock price to reach $14.75 in the next twelve months. This suggests a possible upside of 117.6% from the stock's current price.
View analysts price targets for CPG or view top-rated stocks among Wall Street analysts.

Crescent Point Energy's stock was trading at $7.15 at the beginning of the year. Since then, CPG stock has decreased by 5.2% and is now trading at $6.78.
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Crescent Point Energy saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 8,450,000 shares, an increase of 16.4% from the April 30th total of 7,260,000 shares. Based on an average daily volume of 5,170,000 shares, the short-interest ratio is presently 1.6 days. Currently, 1.6% of the company's stock are short sold.
View Crescent Point Energy's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 26th 2023.
View our CPG earnings forecast.

Crescent Point Energy Corp. (NYSE:CPG) posted its quarterly earnings data on Thursday, October, 28th. The oil and gas producer reported $0.24 earnings per share for the quarter, beating analysts' consensus estimates of $0.22 by $0.02. The oil and gas producer had revenue of $673.67 million for the quarter, compared to analysts' expectations of $683.40 million. Crescent Point Energy had a trailing twelve-month return on equity of 13.81% and a net margin of 12.59%. During the same period last year, the company earned $0.10 EPS.

Crescent Point Energy announced a quarterly dividend on Friday, May 12th. Stockholders of record on Thursday, June 15th will be paid a dividend of $0.074 per share on Tuesday, July 4th. This represents a $0.30 annualized dividend and a dividend yield of 4.37%. The ex-dividend date is Wednesday, June 14th.
Read our dividend analysis for CPG.

ETFs with the largest weight of Crescent Point Energy (NYSE:CPG) stock in their portfolio include Dimensional International Small Cap Value ETF (DISV) and iShares International Small Cap Equity Factor ETF (ISCF).iShares North American Natural Resources ETF (IGE).

Crescent Point Energy (NYSE:CPG) pays an annual dividend of $0.29 per share and currently has a dividend yield of 4.36%. CPG has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 40.85%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CPG will have a dividend payout ratio of 25.22% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CPG.

10 employees have rated Crescent Point Energy Chief Executive Officer Craig Bryksa on Glassdoor.com. Craig Bryksa has an approval rating of 67% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Crescent Point Energy investors own include Baytex Energy (BTE), Lundin Mining (LUN), AltaGas (ALA), Energy Transfer (ET), Cenovus Energy (CVE), Enbridge (ENB), Bank of America (BAC), Coty (COTY) and AMC Entertainment (AMC).

Crescent Point Energy trades on the New York Stock Exchange (NYSE) under the ticker symbol "CPG."

Crescent Point Energy's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Franklin Resources Inc. (5.41%), CIBC Asset Management Inc (2.33%), Acadian Asset Management LLC (2.22%), Dimensional Fund Advisors LP (1.76%), National Bank of Canada FI (1.17%) and Toronto Dominion Bank (1.01%).

Shares of CPG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CPG stock can currently be purchased for approximately $6.78.

Crescent Point Energy (NYSE:CPG) has a market capitalization of $3.68 billion and generates $3.46 billion in revenue each year. The oil and gas producer earns $1.14 billion in net income (profit) each year or $0.71 on an earnings per share basis.

The company employs 748 workers across the globe.

Crescent Point Energy's mailing address is 585-8th Avenue S.W. Suite 2000, Calgary A0, T2P 1G1. The official website for the company is www.crescentpointenergy.com. The oil and gas producer can be reached via phone at (403) 693-0020 or via fax at 403-693-0070.