Crescent Point Energy - CPG Stock Forecast, Price & News

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.
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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.

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.
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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.

The company is scheduled to release its next quarterly earnings announcement on Thursday, March 2nd 2023.
View our CPG earnings forecast.

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.

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.

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.

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 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%).

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 $7.30.

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.

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.