Crescent Point Energy - CPG Stock Forecast, Price & News

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Crescent Point Energy in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" CPG shares.
View CPG analyst ratings or view top-rated stocks.

2 analysts have issued twelve-month price targets for Crescent Point Energy's stock. Their CPG share price forecasts range from $13.00 to $16.00. On average, they anticipate the company's share price to reach $14.75 in the next twelve months. This suggests a possible upside of 129.0% 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 on January 1st, 2023. Since then, CPG shares have decreased by 9.9% and is now trading at $6.44.
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Crescent Point Energy saw a increase in short interest during the month of February. As of February 28th, there was short interest totaling 15,230,000 shares, an increase of 77.5% from the February 13th total of 8,580,000 shares. Based on an average daily volume of 5,920,000 shares, the days-to-cover ratio is presently 2.6 days. Currently, 2.8% of the shares of the company are sold short.
View Crescent Point Energy's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 11th 2023.
View our CPG earnings forecast.

Crescent Point Energy Corp. (NYSE:CPG) released its earnings results on Thursday, October, 28th. The oil and gas producer reported $0.24 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.22 by $0.02. The oil and gas producer earned $673.67 million during the quarter, compared to analysts' expectations of $683.40 million. Crescent Point Energy had a net margin of 34.47% and a trailing twelve-month return on equity of 14.19%. During the same period in the previous year, the company posted $0.10 earnings per share.

Crescent Point Energy announced a quarterly dividend on Friday, December 9th. Stockholders of record on Wednesday, March 15th will be given a dividend of $0.075 per share on Monday, April 3rd. This represents a $0.30 annualized dividend and a yield of 4.66%. The ex-dividend date is Tuesday, March 14th. This is an increase from the stock's previous quarterly dividend of $0.06.
Read our dividend analysis for CPG.

ETFs with the largest weight of Crescent Point Energy (NYSE:CPG) stock in their portfolio include iShares International Small Cap Equity Factor ETF (ISCF).Dimensional International Small Cap Value ETF (DISV).

Crescent Point Energy (NYSE:CPG) pays an annual dividend of $0.29 per share and currently has a dividend yield of 4.47%. CPG has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 14.36%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CPG will have a dividend payout ratio of 27.10% 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."

Crescent Point Energy's stock is owned by a number of institutional and retail investors. Top institutional investors include Franklin Resources Inc. (3.91%), Bank of Montreal Can (2.30%), CIBC Asset Management Inc (1.60%), Dimensional Fund Advisors LP (1.57%), Two Sigma Advisers LP (0.95%) and Two Sigma Investments LP (0.83%).

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 $6.44.

Crescent Point Energy (NYSE:CPG) has a market capitalization of $3.53 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 $2.02 on an earnings per share basis.

The company employs 748 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.