Crescent Point Energy Stock Forecast, Price & News

Crescent Point Energy's stock was trading at $1.06 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, CPG shares have increased by 198.1% and is now trading at $3.16.
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10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Crescent Point Energy in the last year. There are currently 4 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Crescent Point Energy stock.
View analyst ratings for Crescent Point Energy or view MarketBeat's top 5 stock picks.

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6,978 employees have rated Crescent Point Energy CEO Larry J. Merlo on Glassdoor.com. Larry J. Merlo has an approval rating of 37% among Crescent Point Energy's employees. This puts Larry J. Merlo in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

Crescent Point Energy is scheduled to release its next quarterly earnings announcement on Thursday, March 4th 2021.
View our earnings forecast for Crescent Point Energy.

Crescent Point Energy Corp. (NYSE:CPG) issued its quarterly earnings results on Thursday, October, 29th. The oil and gas producer reported $0.10 EPS for the quarter, topping the consensus estimate of $0.02 by $0.08. The oil and gas producer earned $328.07 million during the quarter, compared to the consensus estimate of $312.28 million. Crescent Point Energy had a positive return on equity of 4.03% and a negative net margin of 166.19%.
View Crescent Point Energy's earnings history.

Crescent Point Energy announced a quarterly dividend on Thursday, October 29th. Stockholders of record on Tuesday, December 15th will be given a dividend of $0.002 per share on Monday, January 4th. This represents a $0.01 annualized dividend and a yield of 0.25%. The ex-dividend date is Monday, December 14th.
View Crescent Point Energy's dividend history.

Crescent Point Energy pays an annual dividend of $0.01 per share and currently has a dividend yield of 0.31%. Crescent Point Energy does not yet have a strock track record of dividend growth. The dividend payout ratio of Crescent Point Energy is 1.85%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Crescent Point Energy will have a dividend payout ratio of 5.56% next year. This indicates that Crescent Point Energy will be able to sustain or increase its dividend.
View Crescent Point Energy's dividend history.

10 brokerages have issued 1 year price objectives for Crescent Point Energy's stock. Their forecasts range from $2.25 to $5.00. On average, they anticipate Crescent Point Energy's stock price to reach $3.22 in the next year. This suggests a possible upside of 1.9% from the stock's current price.
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Some companies that are related to Crescent Point Energy include Marathon Oil (MRO), Apache (APA), WPX Energy (WPX), Cimarex Energy (XEC), Ovintiv (OVV), EQT (EQT), CNX Resources (CNX), PDC Energy (PDCE), Viper Energy Partners (VNOM), Magnolia Oil & Gas (MGY), Range Resources (RRC), Southwestern Energy (SWN), Murphy Oil (MUR), ARC Resources (AETUF) and Black Stone Minerals (BSM).
View all of CPG's competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Crescent Point Energy investors own include Baytex Energy (BTE), Lundin Mining Co. (LUN.TO) (LUN), (ECA), AltaGas Ltd. (ALA.TO) (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 investors include JustInvest LLC (0.01%).

CPG stock was bought by a variety of institutional investors in the last quarter, including JustInvest LLC.

Shares of CPG 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.

One share of CPG stock can currently be purchased for approximately $3.16.

Crescent Point Energy has a market capitalization of $1.67 billion and generates $2.51 billion in revenue each year. The oil and gas producer earns $-778,700,000.00 in net income (profit) each year or $0.54 on an earnings per share basis. Crescent Point Energy employs 864 workers across the globe.

The official website for Crescent Point Energy is www.crescentpointenergy.com.

Crescent Point Energy's mailing address is 585-8th Avenue S.W. Suite 2000, Calgary A0, T2P 1G1. The oil and gas producer can be reached via phone at 403-693-0020.