Top-Rated Dividend StocksTop-Rated DividendNYSE:CPG Crescent Point Energy (CPG) Stock Forecast, Price & News $7.88 -0.42 (-5.06%) (As of 10/2/2023 ET) Add Compare Share Share Today's Range$7.83▼$8.3150-Day Range$7.77▼$8.5552-Week Range$5.59▼$8.61Volume3.98 million shsAverage Volume2.74 million shsMarket Capitalization$4.20 billionP/E Ratio14.33Dividend Yield3.81%Price Target$10.30 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Crescent Point Energy MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside30.7% Upside$10.30 Price TargetShort InterestHealthy2.41% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainabilityN/ANews SentimentN/AInsider TradingN/AProj. Earnings Growth-13.08%From $1.30 to $1.13 Per ShareSee Full Details Hide Full Details 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 starsOils/Energy Sector89th out of 246 stocksCrude Petroleum & Natural Gas Industry43rd out of 81 stocks 3.5 Analyst's Opinion Consensus RatingCrescent Point Energy has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $10.30, Crescent Point Energy has a forecasted upside of 30.7% from its current price of $7.88.Amount of Analyst CoverageCrescent Point Energy has only been the subject of 3 research reports in the past 90 days. Previous Next 4.0 Short Interest Percentage of Shares Shorted2.41% of the float of Crescent Point Energy has been sold short.Short Interest Ratio / Days to CoverCrescent Point Energy has a short interest ratio ("days to cover") of 4.2.Change versus previous monthShort interest in Crescent Point Energy has recently decreased by 6.35%, indicating that investor sentiment is improving significantly. Previous Next 3.3 Dividend Strength Dividend LeadershipCrescent Point Energy is a leading dividend payer. It pays a dividend yield of 3.54%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthCrescent Point Energy does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Crescent Point Energy is 52.73%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Crescent Point Energy will have a dividend payout ratio of 25.66% next year. This indicates that Crescent Point Energy will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for CPG. Previous Next 2.2 News and Social Media Coverage News SentimentCrescent Point Energy has a news sentiment score of 1.00. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.64 average news sentiment score of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 1 news article for Crescent Point Energy this week, compared to 3 articles on an average week.Search InterestOnly 39 people have searched for CPG on MarketBeat in the last 30 days. This is a decrease of -20% compared to the previous 30 days.MarketBeat FollowsOnly 7 people have added Crescent Point Energy to their MarketBeat watchlist in the last 30 days. This is a decrease of -53% compared to the previous 30 days. Previous Next 0.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Crescent Point Energy insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 0.30% of the stock of Crescent Point Energy is held by insiders.Percentage Held by InstitutionsOnly 35.46% of the stock of Crescent Point Energy is held by institutions. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for Crescent Point Energy are expected to decrease by -13.08% in the coming year, from $1.30 to $1.13 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Crescent Point Energy is 14.33, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.02.Price to Earnings Ratio vs. SectorThe P/E ratio of Crescent Point Energy is 14.33, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 12.61.Price to Book Value per Share RatioCrescent Point Energy has a P/B Ratio of 0.87. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Crescent Point Energy (NYSE:CPG) StockCrescent 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.Read More CPG Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart CPG Stock News HeadlinesSeptember 19, 2023 | finance.yahoo.comThe 7 Best Oil Stocks to Buy Now: September 2023September 11, 2023 | msn.comCrescent Point Energy Chalks Out FY24 & Five-Year Plan, Sees Significant Debt Reduction & MoreOctober 3, 2023 | Wall Street Fundamentals (Ad)The "Plug and Play" Model Putting Online Giants to ShameWhile 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."September 11, 2023 | msn.comCrescent Point Energy targets 5% annual production growth over next five yearsSeptember 5, 2023 | seekingalpha.comCrescent Point Energy: A Low-Cost Liquids-Rich Oil Producer With Growth PotentialAugust 27, 2023 | baystreet.caCrescent Point Energy Sells North Dakota Assets For $675 MillionAugust 25, 2023 | msn.comCrescent Point Energy Lowers Production Outlook Following Divestment Of North Dakota Assets For $500MAugust 25, 2023 | finance.yahoo.comCrescent Point (CPG) Looks to Sell Assets to Pay Off DebtOctober 3, 2023 | Wall Street Fundamentals (Ad)The "Plug and Play" Model Putting Online Giants to ShameWhile 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."August 24, 2023 | msn.comCrescent Point Energy signs deal to sell assets in North Dakota for $675M in cashAugust 24, 2023 | marketwatch.comCrescent Point Energy Selling North Dakota Assets for $500M in CashAugust 24, 2023 | theglobeandmail.comCrescent Point Energy to sell North Dakota assets to private operator for $500-millionAugust 24, 2023 | msn.comCrescent Point Energy to sell North Dakota assets in $500M dealAugust 24, 2023 | finance.yahoo.comCrescent Point Announces Sale of its North Dakota AssetsAugust 24, 2023 | finance.yahoo.comCanada's Crescent Point Energy to sell North Dakota assets for $500 mlnAugust 24, 2023 | ca.finance.yahoo.comCrescent Energy to sell North Dakota assets to Kraken ResourcesAugust 24, 2023 | finance.yahoo.comUPDATE 1-Crescent Energy to sell North Dakota assets to Kraken ResourcesJuly 27, 2023 | finance.yahoo.comCrescent Point Confirms Quarterly Dividend and Declares Second Quarter Special DividendJuly 26, 2023 | sg.finance.yahoo.comCPG - Crescent Point Energy Corp.July 26, 2023 | finance.yahoo.comCrescent Point Announces Q2 2023 ResultsJuly 26, 2023 | msn.comCrescent Point Energy Q2 Highlights: EPS Down Y/Y On Lower Oil & Gas Sales, Outlook MaintainedJuly 26, 2023 | finance.yahoo.comCrescent Point Energy (CPG) Q2 Earnings and Revenues Miss EstimatesJuly 26, 2023 | theglobeandmail.comCrescent Point Energy reports $212.3-million profit in second quarterJuly 26, 2023 | msn.comCrescent Point Energy's Q2 results 'solid' with FFO topping estimatesJuly 26, 2023 | seekingalpha.comCrescent Point Energy Corp. 2023 Q2 - Results - Earnings Call PresentationJuly 21, 2023 | seekingalpha.comCrescent Point Energy: Growth In A No-Growth EnvironmentJuly 19, 2023 | finance.yahoo.comEarnings Preview: Crescent Point Energy (CPG) Q2 Earnings Expected to DeclineSee More Headlines Receive CPG Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Crescent Point Energy and its competitors with MarketBeat's FREE daily newsletter. Email Address CPG Company Calendar Last Earnings7/26/2023Ex-Dividend for 10/2 Dividend9/14/2023Dividend Payable10/02/2023Today10/03/2023Next Earnings (Estimated)10/25/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Crude petroleum & natural gas Sub-IndustryN/A SectorOils/Energy Current SymbolNYSE:CPG CUSIPN/A CIK1545851 Webwww.crescentpointenergy.com Phone(403) 693-0020Fax403-693-0070Employees768Year FoundedN/APrice 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 RatingBuy Rating Score (0-4)3.00 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$0.55 Trailing P/E Ratio14.33 Forward P/E Ratio6.06 P/E GrowthN/ANet Income$1.14 billion Net Margins10.69% Pretax Margin10.87% Return on Equity12.85% Return on Assets8.49% Debt Debt-to-Equity Ratio0.39 Current Ratio0.71 Quick Ratio0.71 Sales & Book Value Annual Sales$3.53 billion Price / Sales1.19 Cash Flow$2.54 per share Price / Cash Flow3.10 Book Value$9.06 per share Price / Book0.87Miscellaneous Outstanding Shares532,746,000Free Float531,148,000Market Cap$4.20 billion OptionableOptionable Beta2.27 5G Stocks: The Path Forward is ProfitableClick the link below and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise. Get This Free Report Key ExecutivesMr. Craig Bryksa (Age 46)Pres, CEO & Non-Independent Director Comp: $1.26MMr. Kenneth R. Lamont B.Com. (Age 64)BComm., C.A., CA, Chief Financial Officer Comp: $828.44kMr. Ryan Chad Raymond Gritzfeldt BASc.P.Eng., Chief Operating OfficerMr. Mark G. EadeSr. VP, Gen. Counsel & Corp. Sec.Mr. Garret HoltSr. VP of Strategy & SustainabilitySarfraz SomaniMang. of Investor RelationsMr. Justin ForaieVP of Operations & MarketingMr. Shant MadianVP of Capital MarketsMs. Shelly WitwerSr. VP of Bus. Devel.Mr. Michael R. PoliteskiSr. VP of Fin. & TreasurerMore ExecutivesKey CompetitorsViper Energy PartnersNASDAQ:VNOMSM EnergyNYSE:SMMagnolia Oil & GasNYSE:MGYCalifornia ResourcesNYSE:CRCDenburyNYSE:DENView All CompetitorsInstitutional OwnershipCitadel Advisors LLCSold 74,800 shares on 8/15/2023Ownership: 0.000%Polar Asset Management Partners Inc.Sold 84,345 shares on 8/15/2023Ownership: 0.016%Y Intercept Hong Kong LtdBought 5,860 shares on 8/15/2023Ownership: 0.005%XTX Topco LtdBought 12,993 shares on 8/15/2023Ownership: 0.002%Wells Fargo & Company MNSold 2,472 shares on 8/15/2023Ownership: 0.002%View All Institutional Transactions 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 Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Crescent Point Energy Corp. 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