Crescent Point Energy - CPG Stock Forecast, Price & News

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Crescent Point Energy in the last twelve months. There are currently 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" CPG shares.
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7 Wall Street research analysts have issued 12-month price targets for Crescent Point Energy's shares. Their CPG stock forecasts range from $10.50 to $20.00. On average, they predict the company's share price to reach $15.00 in the next twelve months. This suggests a possible upside of 110.1% 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 $5.34 at the beginning of the year. Since then, CPG shares have increased by 33.7% and is now trading at $7.14.
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Crescent Point Energy is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
View our CPG earnings forecast.

Crescent Point Energy Corp. (NYSE:CPG) announced its quarterly earnings data on Thursday, May, 12th. The oil and gas producer reported $0.32 earnings per share (EPS) for the quarter. The oil and gas producer had revenue of $772.43 million for the quarter. Crescent Point Energy had a net margin of 42.33% and a trailing twelve-month return on equity of 13.55%.

Crescent Point Energy declared a quarterly dividend on Wednesday, July 6th. Investors of record on Thursday, September 15th will be paid a dividend of $0.062 per share on Monday, October 3rd. This represents a $0.25 annualized dividend and a yield of 3.47%. The ex-dividend date is Wednesday, September 14th. This is a boost from the stock's previous quarterly dividend of $0.02.
Read our dividend analysis for CPG.

Crescent Point Energy (NYSE:CPG) pays an annual dividend of $0.21 per share and currently has a dividend yield of 2.99%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 9.09%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CPG will have a dividend payout ratio of 15.33% 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 many different retail and institutional investors. Top institutional investors include Ninepoint Partners LP (3.17%), Connor Clark & Lunn Investment Management Ltd. (1.19%), TD Asset Management Inc. (0.64%), Scotia Capital Inc. (0.46%), National Bank of Canada FI (0.19%) and Zweig DiMenna Associates LLC (0.12%).

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 $7.14.

Crescent Point Energy (NYSE:CPG) has a market capitalization of $4.05 billion and generates $2.56 billion in revenue each year. The oil and gas producer earns $1.89 billion in net income (profit) each year or $2.31 on an earnings per share basis.

Crescent Point Energy 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.