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Crescent Point Energy - CPG Stock Forecast, Price & News

$7.31
-0.16 (-2.14%)
(As of 08/16/2022 05:26 PM ET)
Add
Compare
Today's Range
$7.22
$7.66
50-Day Range
$6.40
$10.73
52-Week Range
$2.75
$10.96
Volume
12.06 million shs
Average Volume
11.08 million shs
Market Capitalization
$4.12 billion
P/E Ratio
3.16
Dividend Yield
2.81%
Price Target
$15.00

Crescent Point Energy MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
105.2% Upside
$15.00 Price Target
Short Interest
Healthy
2.66% 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
-49.45%
From $2.71 to $1.37 Per Share

Overall MarketRank

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

2.35 out of 5 stars

Oils/Energy Sector

134th out of 257 stocks

Crude Petroleum & Natural Gas Industry

56th out of 81 stocks

CPG stock logo

About Crescent Point Energy (NYSE:CPG) Stock

Crescent Point Energy Corp. explores, develops, and produces light and medium crude oil, natural gas liquids, and natural gas reserves in Western Canada and the United States. It's crude oil and natural gas properties, and related assets are located in the provinces of Saskatchewan, Alberta, British Columbia, and Manitoba; and the states of North Dakota and Montana. The company was incorporated in 1994 and is headquartered in Calgary, Canada.

Crescent Point Energy Price Performance

Shares of CPG opened at $7.47 on Tuesday. Crescent Point Energy has a fifty-two week low of $2.75 and a fifty-two week high of $10.96. The firm's 50 day moving average price is $7.66 and its 200 day moving average price is $7.41. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.15. The company has a market cap of $4.21 billion, a P/E ratio of 3.23 and a beta of 2.26.

Crescent Point Energy (NYSE:CPG - Get Rating) (TSE:CPG) last posted its earnings results on Wednesday, July 27th. The oil and gas producer reported $0.37 EPS for the quarter, missing analysts' consensus estimates of $0.43 by ($0.06). The company had revenue of $1.03 billion during the quarter. Crescent Point Energy had a net margin of 42.33% and a return on equity of 13.55%. On average, research analysts forecast that Crescent Point Energy will post 2.71 earnings per share for the current fiscal year.

Crescent Point Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Thursday, September 15th will be issued a dividend of $0.062 per share. The ex-dividend date is Wednesday, September 14th. This is an increase from Crescent Point Energy's previous quarterly dividend of $0.02. This represents a $0.25 dividend on an annualized basis and a dividend yield of 3.32%. Crescent Point Energy's payout ratio is 9.09%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Stifel Nicolaus raised their price objective on Crescent Point Energy from C$15.50 to C$17.00 in a research note on Thursday, June 30th. National Bank Financial lowered their target price on shares of Crescent Point Energy from C$21.00 to C$20.00 in a report on Thursday, July 28th. CIBC lifted their target price on shares of Crescent Point Energy from C$13.50 to C$16.00 in a research report on Wednesday, June 15th. Finally, Scotiabank raised shares of Crescent Point Energy from a "sector perform" rating to a "sector outperform" rating in a research report on Wednesday, June 8th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Crescent Point Energy currently has an average rating of "Buy" and a consensus price target of $15.00.

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CPG Stock News Headlines

Crescent Point Energy Corp stock gained on Friday.
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Crescent Point Energy (NYSE:CPG) PT Lowered to C$20.00
Crescent Point Energy (NYSE:CPG) Shares Gap Up to $7.34
Crescent Point Announces Q2 2022 Results
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Crescent Point Energy (NYSE:CPG) Shares Down 2.7%
Crescent Point Announces Q2 2022 Conference Call
Crescent Point Energy Corp stock dipped on Friday.
Crescent Point: Living On The Hedge
Crescent Point Energy Non-GAAP EPS of C$0.41
See More Headlines
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CPG Company Calendar

Last Earnings
7/27/2022
Today
8/16/2022
Ex-Dividend for 10/3 Dividend
9/14/2022
Dividend Payable
10/03/2022
Next Earnings (Estimated)
10/27/2022
Fiscal Year End
12/31/2022

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
$15.00
High Stock Price Forecast
$20.00
Low Stock Price Forecast
$10.50
Forecasted Upside/Downside
+105.2%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
7 Analysts

Profitability

Net Income
$1.89 billion
Pretax Margin
58.78%

Debt

Sales & Book Value

Annual Sales
$2.56 billion
Cash Flow
$1.70 per share
Book Value
$7.44 per share

Miscellaneous

Free Float
N/A
Market Cap
$4.12 billion
Optionable
Optionable
Beta
2.26

Key Executives

  • Mr. Craig Bryksa (Age 45)
    Pres, CEO & Non-Independent Director
    Comp: $1.2M
  • Mr. Kenneth R. Lamont B.Com. (Age 63)
    BComm., C.A., CA, Chief Financial Officer
    Comp: $863.3k
  • Mr. Ryan Chad Raymond Gritzfeldt BASc.
    P.Eng., Chief Operating Officer
  • Mr. Mark G. Eade
    Sr. VP, Gen. Counsel & Corp. Sec.
  • Mr. Garret Holt
    Sr. VP of Corp. Devel.
  • Sarfraz Somani
    Mang. of Investor Relations
  • Mr. Justin Foraie
    VP of Engineering & Marketing
  • Ms. Lisa Watson
    VP of HR & Corp. Services
  • Mr. Shant Madian
    VP of Capital Markets
  • Mr. Mike Blair
    VP of Exploration & New Ventures













CPG Stock - Frequently Asked Questions

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

7 Wall Street research 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 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 2022?

7 analysts have issued 1 year target prices for Crescent Point Energy's stock. Their CPG share price forecasts range from $10.50 to $20.00. On average, they anticipate the company's stock price to reach $15.00 in the next twelve months. This suggests a possible upside of 100.8% 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 2022?

Crescent Point Energy's stock was trading at $5.34 on January 1st, 2022. Since then, CPG shares have increased by 39.9% and is now trading at $7.47.
View the best growth stocks for 2022 here
.

When is Crescent Point Energy's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
View our CPG earnings forecast
.

How were Crescent Point Energy's earnings last quarter?

Crescent Point Energy Corp. (NYSE:CPG) released its quarterly earnings data on Wednesday, July, 27th. The oil and gas producer reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.43 by $0.06. The oil and gas producer had revenue of $1.03 billion for the quarter. Crescent Point Energy had a net margin of 42.33% and a trailing twelve-month return on equity of 13.55%.

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 Wednesday, July 6th. Stockholders 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 dividend on an annualized basis and a yield of 3.32%. 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
.

Is Crescent Point Energy a good dividend stock?

Crescent Point Energy (NYSE:CPG) pays an annual dividend of $0.21 per share and currently has a dividend yield of 2.68%. 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.

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 variety of institutional and retail investors. Top institutional shareholders include Franklin Resources Inc. (3.78%), Ninepoint Partners LP (3.17%), Bank of Montreal Can (2.03%), Connor Clark & Lunn Investment Management Ltd. (1.19%), Millennium Management LLC (0.71%) and TD Asset Management Inc. (0.64%).

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 $7.47.

How much money does Crescent Point Energy make?

Crescent Point Energy (NYSE:CPG) has a market capitalization of $4.21 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.

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 8/16/2022 by MarketBeat.com Staff

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