NYSE:CPG

Crescent Point Energy - CPG Stock Forecast, Price & News

$7.63

-0.10 (-1.29%)

(As of 08/19/2022 12:00 AM ET)

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Today's Range: $7.56
▼
$7.73
50-Day Range: $6.40
▼
$9.69
52-Week Range: $2.75
▼
$10.96

Volume: 9.28 million shs
Average Volume: 11.08 million shs
Market Capitalization: $4.30 billion

P/E Ratio: 3.30
Dividend Yield: 2.72%
Price Target: $15.00

Crescent Point Energy MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 96.6% 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

107th out of 251 stocks

Crude Petroleum & Natural Gas Industry

44th out of 79 stocks

3.5

Analyst's Opinion

Consensus Rating
Crescent Point Energy has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 7 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $15.00, Crescent Point Energy has a forecasted upside of 96.6% from its current price of $7.63.
Amount of Analyst Coverage
Crescent Point Energy has only been the subject of 1 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
2.66% of the float of Crescent Point Energy has been sold short.
Short Interest Ratio / Days to Cover
Crescent Point Energy has a short interest ratio ("days to cover") of 1.1, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Crescent Point Energy has recently increased by 2.73%, indicating that investor sentiment is decreasing.

2.5

Dividend Strength

Dividend Yield
Crescent Point Energy pays a meaningful dividend of 2.72%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Crescent Point Energy has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Crescent Point Energy is 9.09%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Crescent Point Energy will have a dividend payout ratio of 15.33% next year. This indicates that Crescent Point Energy will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for CPG.

0.6

News and Social Media Coverage

Search Interest
Only 77 people have searched for CPG on MarketBeat in the last 30 days. This is a decrease of -8% compared to the previous 30 days.
MarketBeat Follows
92 people have added Crescent Point Energy to their MarketBeat watchlist in the last 30 days. This is an increase of 33% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Crescent Point Energy insiders have not sold or bought any company stock.
Percentage Held by Institutions
42.19% of the stock of Crescent Point Energy is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Crescent Point Energy are expected to decrease by -49.45% in the coming year, from $2.71 to $1.37 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Crescent Point Energy is 3.30, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 142.47.
Price to Earnings Ratio vs. Sector
The P/E ratio of Crescent Point Energy is 3.30, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 39.22.
Price to Book Value per Share Ratio
Crescent Point Energy has a P/B Ratio of 0.81. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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

NYSE:CPG traded down $0.10 during trading hours on Friday, hitting $7.63. 9,275,302 shares of the stock were exchanged, compared to its average volume of 11,076,454. The firm's fifty day moving average price is $7.48 and its 200 day moving average price is $7.42. Crescent Point Energy has a 52-week low of $2.75 and a 52-week high of $10.96. The company has a market cap of $4.30 billion, a P/E ratio of 3.31 and a beta of 2.26. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.15.

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

Crescent Point Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Shareholders of record on Thursday, September 15th will be issued 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 dividend on an annualized basis and a yield of 3.25%. Crescent Point Energy's dividend payout ratio is presently 9.09%.

Analyst Ratings Changes

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

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CPG Stock News Headlines

August 3, 2022 | americanbankingnews.com

Crescent Point Energy Corp. (NYSE:CPG) Given Consensus Recommendation of "Buy" by Brokerages

August 2, 2022 | theglobeandmail.com

Crescent Point Energy Corp stock gained on Friday.

July 30, 2022 | americanbankingnews.com

Crescent Point Energy (NYSE:CPG) PT Lowered to C$20.00

July 28, 2022 | americanbankingnews.com

Crescent Point Energy (NYSE:CPG) Shares Gap Up to $7.34

July 27, 2022 | finance.yahoo.com

Crescent Point Announces Q2 2022 Results

July 26, 2022 | msn.com

Crescent Point Energy's Earnings: A Preview

July 24, 2022 | seekingalpha.com

Crescent Point Energy - Quant Vs. Technical Analysis

July 20, 2022 | finance.yahoo.com

Crescent Point Announces Q2 2022 Conference Call

July 18, 2022 | finance.yahoo.com

Why Investors Should Focus on These 4 Canadian E&P Stocks

July 11, 2022 | theglobeandmail.com

Crescent Point Energy Corp stock dipped on Friday.

July 6, 2022 | seekingalpha.com

Crescent Point: Living On The Hedge

July 6, 2022 | finance.yahoo.com

Crescent Point Increases Quarterly Dividend, Provides Updated Return of Capital Framework and Releases Sustainability Report

July 4, 2022 | nasdaq.com

Swiss Market Climbs Higher, Firmly On Course To End Session On Strong Note

June 21, 2022 | seekingalpha.com

Crescent Point Energy: Undervalued Despite A Promising Free Cash Flow Generation

June 8, 2022 | finance.yahoo.com

Are You Looking for a Top Momentum Pick? Why Crescent Point Energy (CPG) is a Great Choice

May 13, 2022 | ca.investing.com

Crescent Point Energy Earnings, Revenue beat in Q1

May 12, 2022 | finance.yahoo.com

Has Crescent Point Energy (CPG) Outpaced Other Oils-Energy Stocks This Year?

May 12, 2022 | seekingalpha.com

Crescent Point Energy Non-GAAP EPS of C$0.41

May 12, 2022 | seekingalpha.com

Crescent Point Energy raises dividend by 44% to $0.065

May 11, 2022 | ca.investing.com

Crescent Point Energy: Fair Price Target, Financial Upside Ahead of Earnings

May 5, 2022 | benzinga.com

Crescent Point Announces Q1 2022 Conference Call

May 3, 2022 | msn.com

2 Cheap Energy Stocks (With Dividends) to Buy in May 2022

May 3, 2022 | seekingalpha.com

Crescent Point Energy: A Recession Resistant, Deep Value Play On Oil With 250% Upside

April 26, 2022 | finance.yahoo.com

Has CVR Energy (CVI) Outpaced Other Oils-Energy Stocks This Year?

April 26, 2022 | finance.yahoo.com

Crescent Point (CPG) May Find a Bottom Soon, Here's Why You Should Buy the Stock Now

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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CPG Company Calendar

Last Earnings: 7/27/2022
Today: 8/19/2022
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

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Crude petroleum & natural gas
Sub-Industry: N/A
Sector: Oils/Energy
Current Symbol: NYSE:CPG
CUSIP: N/A
CIK: 1545851
Web: www.crescentpointenergy.com
Phone: (403) 693-0020
Fax: 403-693-0070
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: +96.6%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 7 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.31
Trailing P/E Ratio: 3.30
Forward P/E Ratio: 2.82
P/E Growth: N/A
Net Income: $1.89 billion
Net Margins: 42.33%
Pretax Margin: 58.78%
Return on Equity: 13.55%
Return on Assets: 8.33%

Debt

Debt-to-Equity Ratio: 0.15
Current Ratio: 0.59
Quick Ratio: 0.59

Sales & Book Value

Annual Sales: $2.56 billion
Price / Sales: 1.68
Cash Flow: $1.83 per share
Price / Cash Flow: 4.16
Book Value: $9.42 per share
Price / Book: 0.81

Miscellaneous

Outstanding Shares: 563,514,000
Free Float: N/A
Market Cap: $4.30 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

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

CPG Stock - Frequently Asked Questions

Should I buy or sell Crescent Point Energy stock right now?: 7 Wall Street equities research 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 equities 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 Wall Street 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 expect the company's share price to reach $15.00 in the next year. This suggests a possible upside of 96.6% 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 at the beginning of the year. Since then, CPG stock has increased by 42.9% and is now trading at $7.63.
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) posted its quarterly earnings data 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 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 given 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 3.25%. The ex-dividend date is Wednesday, September 14th. This is an increase 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 2.72%. 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 number of institutional and retail investors. Top institutional investors 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 $7.63.
How much money does Crescent Point Energy make?: Crescent Point Energy (NYSE:CPG) has a market capitalization of $4.30 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 8/19/2022 by MarketBeat.com Staff

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