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

$6.98
-0.04 (-0.57%)
(As of 03:22 PM ET)
Compare
Today's Range
$6.79
$7.05
50-Day Range
$6.31
$7.81
52-Week Range
$5.51
$10.63
Volume
2.22 million shs
Average Volume
5.21 million shs
Market Capitalization
$3.79 billion
P/E Ratio
9.83
Dividend Yield
4.15%
Price Target
$14.75

Crescent Point Energy MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
114.4% Upside
$14.75 Price Target
Short Interest
Healthy
1.55% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
-9.09%
From $1.21 to $1.10 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.58 out of 5 stars

Oils/Energy Sector

73rd out of 245 stocks

Crude Petroleum & Natural Gas Industry

37th out of 77 stocks


CPG stock logo

About Crescent Point Energy (NYSE:CPG) Stock

Crescent Point Energy Corp. engages in the exploration, development, and production of oil and gas properties. Its focus areas include: Viewfield Bakken, Flat Lake Torquay, and Shaunavon. The company was founded on April 20, 1994 and is headquartered in Calgary, Canada.

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CPG Stock News Headlines

The single greatest medical breakthrough of all time?
We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.
The single greatest medical breakthrough of all time?
We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.
Crescent Point Energy Q1 EPS Meets View
Crescent Point Announces Q1 2023 Results
See More Headlines

CPG Price History

CPG Company Calendar

Last Earnings
10/28/2021
Ex-Dividend for 4/3 Dividend
3/14/2023
Dividend Payable
4/03/2023
Today
6/08/2023
Ex-Dividend for 7/4 Dividend
6/14/2023
Dividend Payable
7/04/2023
Next Earnings (Estimated)
7/26/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Crude petroleum & natural gas
Sub-Industry
N/A
Employees
748
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$10.25
High Stock Price Forecast
$16.00
Low Stock Price Forecast
$5.00
Forecasted Upside/Downside
+110.3%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
9 Analysts

Profitability

Net Income
$1.14 billion
Pretax Margin
14.10%

Debt

Sales & Book Value

Annual Sales
$3.46 billion
Cash Flow
$2.72 per share
Book Value
$9.06 per share

Miscellaneous

Free Float
541,035,000
Market Cap
$3.81 billion
Optionable
Optionable
Beta
2.24

Key Executives

  • Craig Bryksa
    President, Chief Executive Officer & Director
  • Ryan Gritzfeldt
    Chief Operating Officer
  • Kenneth R. Lamont
    Chief Financial Officer
  • Justin Foraie
    Vice President-Engineering & Marketing
  • Mark G. Eade
    Secretary, Senior Vice President & General Counsel













CPG Stock - Frequently Asked Questions

Should I buy or sell Crescent Point Energy stock right now?

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Crescent Point Energy in the last year. There are currently 9 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" CPG shares.
View CPG analyst ratings
or view top-rated stocks.

What is Crescent Point Energy's stock price forecast for 2023?

9 brokers have issued twelve-month price targets for Crescent Point Energy's shares. Their CPG share price forecasts range from $5.00 to $16.00. On average, they anticipate the company's stock price to reach $10.25 in the next year. This suggests a possible upside of 46.1% from the stock's current price.
View analysts price targets for CPG
or view top-rated stocks among Wall Street analysts.

How have CPG shares performed in 2023?

Crescent Point Energy's stock was trading at $7.15 on January 1st, 2023. Since then, CPG stock has decreased by 1.9% and is now trading at $7.0150.
View the best growth stocks for 2023 here
.

Are investors shorting Crescent Point Energy?

Crescent Point Energy saw a increase in short interest in 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 days-to-cover ratio is presently 1.6 days. Currently, 1.6% of the shares of the stock are short sold.
View Crescent Point Energy's Short Interest
.

When is Crescent Point Energy's next earnings date?

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

How were Crescent Point Energy's earnings last quarter?

Crescent Point Energy Corp. (NYSE:CPG) announced its quarterly earnings results on Thursday, October, 28th. The oil and gas producer reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.02. The oil and gas producer had revenue of $673.67 million for the quarter, compared to analyst estimates 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 firm earned $0.10 EPS.

How often does Crescent Point Energy pay dividends? What is the dividend yield for Crescent Point Energy?

Crescent Point Energy announced a quarterly dividend on Friday, May 12th. Investors of record on Thursday, June 15th will be given a dividend of $0.074 per share on Tuesday, July 4th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 4.22%. The ex-dividend date is Wednesday, June 14th.
Read our dividend analysis for CPG
.

What ETFs hold Crescent Point Energy's stock?

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).

Is Crescent Point Energy a good dividend stock?

Crescent Point Energy (NYSE:CPG) pays an annual dividend of $0.29 per share and currently has a dividend yield of 4.25%. 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 26.36% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CPG.

What is Craig Bryksa's approval rating as Crescent Point Energy's CEO?

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.

What other stocks do shareholders of Crescent Point Energy own?

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).

What is Crescent Point Energy's stock symbol?

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

Who are Crescent Point Energy's major shareholders?

Crescent Point Energy's stock is owned by many different institutional and retail 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%).

How do I buy shares of Crescent Point Energy?

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.
Compare Top Brokerages Here.

What is Crescent Point Energy's stock price today?

One share of CPG stock can currently be purchased for approximately $7.02.

How much money does Crescent Point Energy make?

Crescent Point Energy (NYSE:CPG) has a market capitalization of $3.81 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.

How many employees does Crescent Point Energy have?

The company employs 748 workers across the globe.

How can I contact Crescent Point Energy?

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.

This page (NYSE:CPG) was last updated on 6/8/2023 by MarketBeat.com Staff

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