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

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.

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.

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.
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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.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 25th 2023.
View our CPG earnings forecast.

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%.

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.

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).

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.

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."

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 $7.88.

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.

The company employs 768 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.