NYSE:CPGCrescent Point Energy Stock Price, Forecast & News

Crescent Point Energy's stock was trading at $1.06 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, CPG stock has increased by 84.0% and is now trading at $1.95. View which stocks have been most impacted by Coronavirus.

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Crescent Point Energy in the last year. There are currently 1 sell rating, 5 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Crescent Point Energy.

Crescent Point Energy is scheduled to release its next quarterly earnings announcement on Thursday, July 30th 2020. View our earnings forecast for Crescent Point Energy.

Crescent Point Energy Corp (NYSE:CPG) released its quarterly earnings results on Wednesday, May, 6th. The oil and gas producer reported ($4.40) EPS for the quarter, missing the Zacks' consensus estimate of $0.09 by $4.49. The oil and gas producer earned $408.90 million during the quarter, compared to analyst estimates of $450.65 million. Crescent Point Energy had a negative net margin of 108.19% and a positive return on equity of 5.14%. View Crescent Point Energy's earnings history.

Crescent Point Energy declared a dividend on Thursday, October 31st. Investors of record on Sunday, December 15th will be paid a dividend of $0.008 per share on Thursday, January 2nd. The ex-dividend date is Thursday, December 12th. View Crescent Point Energy's dividend history.

8 equities research analysts have issued 1 year price objectives for Crescent Point Energy's shares. Their forecasts range from $1.25 to $9.50. On average, they anticipate Crescent Point Energy's share price to reach $4.19 in the next twelve months. This suggests a possible upside of 114.7% from the stock's current price. View analysts' price targets for Crescent Point Energy.

Media stories about CPG stock have trended negative this week, according to InfoTrie Sentiment Analysis. The research group ranks the sentiment of media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Crescent Point Energy earned a news impact score of -2.7 on InfoTrie's scale. They also gave news headlines about the oil and gas producer a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the company's share price in the next several days. View the latest news aboutCrescent Point Energy.

Crescent Point Energy saw a drop in short interest in the month of May. As of May 15th, there was short interest totaling 18,140,000 shares, a drop of 40.6% from the April 30th total of 30,550,000 shares. Based on an average trading volume of 2,520,000 shares, the days-to-cover ratio is presently 7.2 days. Approximately 3.5% of the company's stock are sold short. View Crescent Point Energy's Current Options Chain.

Some companies that are related to Crescent Point Energy include EQT (EQT), Cimarex Energy (XEC), Ovintiv (OVV), Murphy Oil (MUR), Viper Energy Partners (VNOM), CNX Resources (CNX), Southwestern Energy (SWN), Range Resources (RRC), Black Stone Minerals (BSM), Magnolia Oil & Gas (MGY), ARC Resources (AETUF), PDC Energy (PDCE), Matador Resources (MTDR), Comstock Resources (CRK) and Kosmos Energy (KOS). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Crescent Point Energy investors own include Baytex Energy (BTE), Lundin Mining (LUN), Encana (ECA), Altagas (ALA), Cenovus Energy (CVE), Enbridge (ENB), Energy Transfer LP Unit (ET), Bank of America (BAC), Vermilion Energy (VET) and Bausch Health Companies (BHC).

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. (6.95%), Connor Clark & Lunn Investment Management Ltd. (1.73%), Scheer Rowlett & Associates Investment Management Ltd. (0.92%), Russell Investments Group Ltd. (0.68%), CIBC Asset Management Inc (0.67%) and Two Sigma Advisers LP (0.66%).

CPG stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, Connor Clark & Lunn Investment Management Ltd., Two Sigma Investments LP, APG Asset Management N.V., APG Asset Management N.V., Toronto Dominion Bank, Franklin Resources Inc., and Invesco Ltd..

CPG stock was bought by a variety of institutional investors in the last quarter, including Deutsche Bank AG, Russell Investments Group Ltd., Ninepoint Partners LP, Two Sigma Advisers LP, Vident Investment Advisory LLC, Alberta Investment Management Corp, Spark Investment Management LLC, and CoreCommodity Management LLC.

Shares of CPG can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of CPG stock can currently be purchased for approximately $1.95.

Crescent Point Energy has a market capitalization of $1.03 billion and generates $2.51 billion in revenue each year. The oil and gas producer earns $-778,700,000.00 in net income (profit) each year or $0.54 on an earnings per share basis. Crescent Point Energy employs 1,004 workers across the globe.

The official website for Crescent Point Energy is www.crescentpointenergy.com.

Crescent Point Energy's mailing address is 585-8th Avenue S.W. Suite 2000, Calgary A0, T2P 1G1. The oil and gas producer can be reached via phone at 403-693-0020.