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 year. 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 analysts have issued 12-month 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 share price to reach $15.00 in the next twelve months. This suggests a possible upside of 158.6% from the stock's current price.
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Crescent Point Energy's stock was trading at $5.34 on January 1st, 2022. Since then, CPG stock has increased by 8.6% and is now trading at $5.80.
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Crescent Point Energy saw a drop in short interest in September. As of September 15th, there was short interest totaling 15,180,000 shares, a drop of 7.8% from the August 31st total of 16,460,000 shares. Based on an average daily volume of 13,070,000 shares, the short-interest ratio is currently 1.2 days. Approximately 2.7% of the company's stock are sold short.
View Crescent Point Energy's Short Interest.

The company 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) posted its earnings results on Wednesday, July, 27th. The oil and gas producer reported $0.37 EPS for the quarter, missing the consensus estimate of $0.43 by $0.06. The oil and gas producer earned $1.03 billion during the quarter. Crescent Point Energy had a trailing twelve-month return on equity of 13.55% and a net margin of 42.33%.

Crescent Point Energy declared a quarterly dividend on Wednesday, July 6th. Shareholders 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 4.28%. The ex-dividend date of this dividend is Wednesday, September 14th. This is an increase 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 $0.24 per share and currently has a dividend yield of 4.33%. CPG has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 10.39%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CPG will have a dividend payout ratio of 15.79% 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 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%).

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 $5.80.

Crescent Point Energy (NYSE:CPG) has a market capitalization of $3.26 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.

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.