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NYSE:CPG

Crescent Point Energy - CPG Stock Forecast, Price & News

$7.24
+0.01 (+0.14%)
(As of 02/8/2023 12:00 AM ET)
Add
Compare
Today's Range
$7.18
$7.35
50-Day Range
$6.51
$7.62
52-Week Range
$5.51
$10.96
Volume
6.98 million shs
Average Volume
5.79 million shs
Market Capitalization
$3.99 billion
P/E Ratio
2.55
Dividend Yield
3.47%
Price Target
$14.75

Crescent Point Energy MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
103.7% Upside
$14.75 Price Target
Short Interest
Healthy
1.82% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
-57.24%
From $2.83 to $1.21 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.43 out of 5 stars

Oils/Energy Sector

84th out of 236 stocks

Crude Petroleum & Natural Gas Industry

37th out of 74 stocks

CPG stock logo

About Crescent Point Energy (NYSE:CPG) Stock

Crescent Point Energy Corp. engages in the exploration, development and production of oil and gas properties. Its focus areas include: Viewfield Bakken, Flat Lake Torquay, and Shaunavon. The company was founded on April 20, 1994 and is headquartered in Calgary, Canada.

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CPG Stock News Headlines

My No. 1 dividend stock for a LIFETIME of income.
Few people realize this… But dividends account for up to 90% of the stock market's returns over the past century!  I think it's a crying shame folks don't know how powerful dividends are.
Crescent Point Energy Trust Units (NYSE: CPG)
Canadian Market Modestly Higher As Cannabis, Energy Stocks Rally
My No. 1 dividend stock for a LIFETIME of income.
Few people realize this… But dividends account for up to 90% of the stock market's returns over the past century!  I think it's a crying shame folks don't know how powerful dividends are.
Is Baytex Energy (BTEGF) a Great Value Stock Right Now?
Crescent Point Energy: Moving Higher Seems Obvious
Crescent Point Energy Corp stock gained on Friday.
Crescent Point Announces Q2 2022 Results
Crescent Point Announces Q2 2022 Conference Call
Crescent Point Energy Corp stock dipped on Friday.
Crescent Point: Living On The Hedge
See More Headlines
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CPG Company Calendar

Last Earnings
10/28/2021
Ex-Dividend for 1/3 Dividend
12/14/2022
Dividend Payable
1/03/2023
Today
2/08/2023
Next Earnings (Estimated)
3/02/2023
Ex-Dividend for 4/3 Dividend
3/14/2023
Dividend Payable
4/03/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Crude petroleum & natural gas
Sub-Industry
N/A
Employees
748
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$14.75
High Stock Price Forecast
$16.00
Low Stock Price Forecast
$13.00
Forecasted Upside/Downside
+103.7%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$1.89 billion
Pretax Margin
65.60%

Debt

Sales & Book Value

Annual Sales
$2.56 billion
Cash Flow
$1.89 per share
Book Value
$7.44 per share

Miscellaneous

Free Float
549,656,000
Market Cap
$3.99 billion
Optionable
Optionable
Beta
2.21

Key Executives

  • Craig Bryksa
    President, Chief Executive Officer & Director
  • Ryan Gritzfeldt
    Chief Operating Officer
  • Kenneth R. Lamont
    Chief Financial Officer
  • Justin Foraie
    Vice President-Engineering & Marketing
  • Mark G. Eade
    Secretary, Senior Vice President & General Counsel













CPG Stock - Frequently Asked Questions

Should I buy or sell Crescent Point Energy stock right now?

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Crescent Point Energy in the last twelve months. There are currently 1 buy rating 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?

1 brokerages have issued twelve-month target prices 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 stock price to reach $14.75 in the next year. This suggests a possible upside of 102.1% 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 on January 1st, 2023. Since then, CPG stock has increased by 2.1% and is now trading at $7.30.
View the best growth stocks for 2023 here
.

Are investors shorting Crescent Point Energy?

Crescent Point Energy saw a decline in short interest in December. As of December 30th, there was short interest totaling 10,280,000 shares, a decline of 11.1% from the December 15th total of 11,570,000 shares. Based on an average daily trading volume, of 9,310,000 shares, the days-to-cover ratio is presently 1.1 days. Currently, 1.9% of the company's shares are short sold.
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 Thursday, March 2nd 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 results on Thursday, October, 28th. The oil and gas producer reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.02. The oil and gas producer had revenue of $673.67 million for the quarter, compared to analysts' expectations of $683.40 million. Crescent Point Energy had a trailing twelve-month return on equity of 14.13% and a net margin of 48.44%. During the same quarter last year, the company posted $0.10 EPS.

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 Friday, December 9th. Investors of record on Wednesday, March 15th will be paid a dividend of $0.075 per share on Monday, April 3rd. This represents a $0.30 annualized dividend and a yield of 4.11%. The ex-dividend date is Tuesday, March 14th. This is a boost from the stock's previous quarterly dividend of $0.06.
Read our dividend analysis for CPG
.

Is Crescent Point Energy a good dividend stock?

Crescent Point Energy (NYSE:CPG) pays an annual dividend of $0.24 per share and currently has a dividend yield of 3.47%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 8.45%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CPG will have a dividend payout ratio of 19.83% 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."

Who are Crescent Point Energy's major shareholders?

Crescent Point Energy's stock is owned by a number of institutional and retail investors. Top institutional investors include Bank of Montreal Can (2.30%), Toronto Dominion Bank (0.44%), National Bank of Canada FI (0.39%), TD Asset Management Inc (0.35%), GMT Capital Corp (0.34%) and Penbrook Management LLC (0.09%).

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 $7.30.

How much money does Crescent Point Energy make?

Crescent Point Energy (NYSE:CPG) has a market capitalization of $4.02 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 $2.84 on an earnings per share basis.

How many employees does Crescent Point Energy have?

The company employs 748 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 2/8/2023 by MarketBeat.com Staff