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Crescent Point Energy - CPG Stock Forecast, Price & News

$7.11
+0.08 (+1.14%)
(As of 08/8/2022 02:46 PM ET)
Add
Compare
Today's Range
$6.94
$7.20
50-Day Range
$6.40
$10.73
52-Week Range
$2.75
$10.96
Volume
536,957 shs
Average Volume
10.97 million shs
Market Capitalization
$4.03 billion
P/E Ratio
3.08
Dividend Yield
2.99%
Price Target
$15.00

Crescent Point Energy MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
111.6% Upside
$15.00 Price Target
Short Interest
Healthy
2.57% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.89mentions of Crescent Point Energy in the last 14 days
Based on 2 Articles This Week
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.

2.93 out of 5 stars

Oils/Energy Sector

26th out of 344 stocks

Crude Petroleum & Natural Gas Industry

15th out of 114 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.

Analyst Upgrades and Downgrades

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

Crescent Point Energy Stock Up 0.4 %

Shares of NYSE:CPG traded up $0.03 during trading on Monday, hitting $7.06. 62,100 shares of the company were exchanged, compared to its average volume of 10,966,514. The stock has a market capitalization of $4.01 billion, a P/E ratio of 3.04 and a beta of 2.26. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.59 and a quick ratio of 0.59. Crescent Point Energy has a 12-month low of $2.75 and a 12-month high of $10.96. The firm's 50 day moving average price is $7.89 and its 200-day moving average price is $7.37.

Crescent Point Energy (NYSE:CPG - Get Rating) (TSE:CPG) last issued its quarterly earnings data on Thursday, May 12th. The oil and gas producer reported $0.32 earnings per share for the quarter. The business had revenue of $772.43 million 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 predict that Crescent Point Energy will post 2.71 earnings per share for the current fiscal year.

Crescent Point Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Thursday, September 15th will be given a $0.062 dividend. This is an increase from Crescent Point Energy's previous quarterly dividend of $0.02. The ex-dividend date is Wednesday, September 14th. This represents a $0.25 annualized dividend and a yield of 3.51%. Crescent Point Energy's dividend payout ratio is 9.09%.

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CPG Stock News Headlines

Crescent Point Energy Corp stock gained on Friday.
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
Crescent Point Energy (NYSE:CPG) Shares Down 2.7%
Crescent Point Announces Q2 2022 Conference Call
Crescent Point Energy (NYSE:CPG) Price Target Cut to C$21.00
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
5/12/2022
Today
8/08/2022
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
+111.0%
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
$1.81 per share
Book Value
$7.44 per share

Miscellaneous

Free Float
N/A
Market Cap
$4.03 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 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.
View CPG analyst ratings
or view top-rated stocks.

What is Crescent Point Energy's stock price forecast for 2022?

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.

How has Crescent Point Energy's stock performed in 2022?

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.
View the best growth stocks for 2022 here
.

When is Crescent Point Energy's next earnings date?

Crescent Point Energy 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) 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%.

How often does Crescent Point Energy pay dividends? What is the dividend yield for Crescent Point Energy?

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
.

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 2.99%. 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.

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 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%).

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 $7.14.

How much money does Crescent Point Energy make?

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.

How many employees does Crescent Point Energy have?

Crescent Point Energy 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 8/8/2022 by MarketBeat.com Staff

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