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S&P 500   4,288.39
DOW   33,433.35
QQQ   361.26
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The "Plug and Play" Model Putting Online Giants to Shame (Ad)
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Is Gold Really Boring? (Ad)
Fed's Powell gets an earful about inflation and interest rates from small businesses
New iPhones Hot In A Bad Way, But Apple Stock Chart is Bullish
S&P 500   4,288.39
DOW   33,433.35
QQQ   361.26
Nvidia Stock, Christmas Comes Early If You’re On the Fence
The "Plug and Play" Model Putting Online Giants to Shame (Ad)
Ride the Waves of Wealth With This Oil Tanker 17% Yield
Here’s Why Cloudflare may be the Ultimate Cloud Stock to Own
Is Gold Really Boring? (Ad)
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2 Seasonal Stocks to Warm Up Your Portfolio
Is Gold Really Boring? (Ad)
Fed's Powell gets an earful about inflation and interest rates from small businesses
New iPhones Hot In A Bad Way, But Apple Stock Chart is Bullish
S&P 500   4,288.39
DOW   33,433.35
QQQ   361.26
Nvidia Stock, Christmas Comes Early If You’re On the Fence
The "Plug and Play" Model Putting Online Giants to Shame (Ad)
Ride the Waves of Wealth With This Oil Tanker 17% Yield
Here’s Why Cloudflare may be the Ultimate Cloud Stock to Own
Is Gold Really Boring? (Ad)
Peloton and Lululemon, Does the Deal Make Sense?
2 Seasonal Stocks to Warm Up Your Portfolio
Is Gold Really Boring? (Ad)
Fed's Powell gets an earful about inflation and interest rates from small businesses
New iPhones Hot In A Bad Way, But Apple Stock Chart is Bullish

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

$7.88
-0.42 (-5.06%)
(As of 10/2/2023 ET)
Compare
Today's Range
$7.83
$8.31
50-Day Range
$7.77
$8.55
52-Week Range
$5.59
$8.61
Volume
3.98 million shs
Average Volume
2.74 million shs
Market Capitalization
$4.20 billion
P/E Ratio
14.33
Dividend Yield
3.81%
Price Target
$10.30

Crescent Point Energy MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
30.7% Upside
$10.30 Price Target
Short Interest
Healthy
2.41% 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
-13.08%
From $1.30 to $1.13 Per Share

Overall MarketRank

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

2.51 out of 5 stars

Oils/Energy Sector

89th out of 246 stocks

Crude Petroleum & Natural Gas Industry

43rd out of 81 stocks


CPG stock logo

About Crescent Point Energy (NYSE:CPG) Stock

Crescent Point Energy Corp. explores, develops, and produces light and medium crude oil, natural gas liquids, and natural gas reserves in Western Canada and the United States. It's 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 and Montana. The company was incorporated in 1994 and is headquartered in Calgary, Canada.

CPG Price History

CPG Stock News Headlines

The 7 Best Oil Stocks to Buy Now: September 2023
The "Plug and Play" Model Putting Online Giants to Shame
While e-commerce has been undergoing a turbulent time, a "simple" model has grown 4X faster than Amazon over the last 3 years. Applying this model to high-margin, recession-resistant businesses has shown to be profitable. But that's just the beginning of explaining the 400+% growth - and potential - of this "diamond in the rough."
The "Plug and Play" Model Putting Online Giants to Shame
While e-commerce has been undergoing a turbulent time, a "simple" model has grown 4X faster than Amazon over the last 3 years. Applying this model to high-margin, recession-resistant businesses has shown to be profitable. But that's just the beginning of explaining the 400+% growth - and potential - of this "diamond in the rough."
CPG - Crescent Point Energy Corp.
Crescent Point Announces Q2 2023 Results
See More Headlines
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CPG Company Calendar

Last Earnings
7/26/2023
Ex-Dividend for 10/2 Dividend
9/14/2023
Dividend Payable
10/02/2023
Today
10/03/2023
Next Earnings (Estimated)
10/25/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Crude petroleum & natural gas
Sub-Industry
N/A
Employees
768
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$10.30
High Stock Price Forecast
$14.75
Low Stock Price Forecast
$6.00
Forecasted Upside/Downside
+30.7%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
3 Analysts

Profitability

Net Income
$1.14 billion
Pretax Margin
10.87%

Debt

Sales & Book Value

Annual Sales
$3.53 billion
Cash Flow
$2.54 per share
Book Value
$9.06 per share

Miscellaneous

Free Float
531,148,000
Market Cap
$4.20 billion
Optionable
Optionable
Beta
2.27
5G Stocks: The Path Forward is Profitable Cover

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Key Executives

  • Mr. Craig Bryksa (Age 46)
    Pres, CEO & Non-Independent Director
    Comp: $1.26M
  • Mr. Kenneth R. Lamont B.Com. (Age 64)
    BComm., C.A., CA, Chief Financial Officer
    Comp: $828.44k
  • Mr. Ryan Chad Raymond Gritzfeldt BASc.
    P.Eng., Chief Operating Officer
  • Mr. Mark G. Eade
    Sr. VP, Gen. Counsel & Corp. Sec.
  • Mr. Garret Holt
    Sr. VP of Strategy & Sustainability
  • Sarfraz Somani
    Mang. of Investor Relations
  • Mr. Justin Foraie
    VP of Operations & Marketing
  • Mr. Shant Madian
    VP of Capital Markets
  • Ms. Shelly Witwer
    Sr. VP of Bus. Devel.
  • Mr. Michael R. Politeski
    Sr. VP of Fin. & Treasurer













CPG Stock - Frequently Asked Questions

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

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Crescent Point Energy in the last twelve months. There are currently 3 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?

3 Wall Street analysts have issued 1 year price objectives for Crescent Point Energy's shares. Their CPG share price forecasts range from $6.00 to $14.75. On average, they expect the company's share price to reach $10.30 in the next year. This suggests a possible upside of 30.7% 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 at the start of the year. Since then, CPG shares have increased by 10.2% and is now trading at $7.88.
View the best growth stocks for 2023 here
.

Are investors shorting Crescent Point Energy?

Crescent Point Energy saw a drop in short interest in the month of September. As of September 15th, there was short interest totaling 12,830,000 shares, a drop of 6.4% from the August 31st total of 13,700,000 shares. Based on an average daily trading volume, of 3,050,000 shares, the short-interest ratio is currently 4.2 days. Approximately 2.4% of the company's shares are sold short.
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, October 25th 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 data on Wednesday, July, 26th. The oil and gas producer reported $0.28 EPS for the quarter, missing the consensus estimate of $0.30 by $0.02. The oil and gas producer earned $725.91 million during the quarter, compared to the consensus estimate of $736.52 million. Crescent Point Energy had a net margin of 10.69% and a trailing twelve-month return on equity of 12.85%.

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 Wednesday, July 26th. Shareholders of record on Friday, September 15th will be given a dividend of $0.075 per share on Monday, October 2nd. This represents a $0.30 annualized dividend and a yield of 3.81%. The ex-dividend date is Thursday, September 14th. This is an increase from the stock's previous quarterly dividend of $0.07.
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).iShares International Small Cap Equity Factor ETF (ISCF).

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 3.54%. The dividend payout ratio is 52.73%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CPG will have a dividend payout ratio of 25.66% 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."

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 $7.88.

How much money does Crescent Point Energy make?

Crescent Point Energy (NYSE:CPG) has a market capitalization of $4.20 billion and generates $3.53 billion in revenue each year. The oil and gas producer earns $1.14 billion in net income (profit) each year or $0.55 on an earnings per share basis.

How many employees does Crescent Point Energy have?

The company employs 768 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 10/3/2023 by MarketBeat.com Staff

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