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.
View CPG analyst ratings or view top-rated stocks.

7 Wall Street research analysts have issued 1 year price objectives for Crescent Point Energy's stock. Their CPG share price forecasts range from C$12.50 to C$18.00. On average, they anticipate the company's stock price to reach C$14.50 in the next twelve months. This suggests a possible upside of 28.8% 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 C$9.66 at the beginning of 2023. Since then, CPG stock has increased by 16.6% and is now trading at C$11.26.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 25th 2023.
View our CPG earnings forecast.

Crescent Point Energy Corp. (TSE:CPG) posted its quarterly earnings results on Wednesday, July, 26th. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.39 by $0.01. The business had revenue of $975 million for the quarter, compared to the consensus estimate of $969.10 million. Crescent Point Energy had a net margin of 11.24% and a trailing twelve-month return on equity of 5.90%.

Crescent Point Energy announced a quarterly dividend on Thursday, September 14th. Shareholders of record on Monday, October 2nd will be given a dividend of 0.10 per share on Monday, October 2nd. This represents a $0.40 annualized dividend and a yield of 3.55%. The ex-dividend date is Thursday, September 14th.
Read our dividend analysis for CPG.

Crescent Point Energy (TSE:CPG) pays an annual dividend of C$0.40 per share and currently has a dividend yield of 3.67%. The dividend payout ratio is 52.63%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for CPG.

Based on aggregate information from My MarketBeat watchlists, some companies that other Crescent Point Energy investors own include Intact Financial (IFC), Constellation Software (CSU), Freehold Royalties (FRU), Granite Oil (GXO), AutoCanada (ACQ), Alimentation Couche-Tard (ATD.B), Vermilion Energy (VET), Baytex Energy (BTE), Crius Energy Unt (KWH.UN) and Bank of Nova Scotia (BNS).

Crescent Point Energy trades on the Toronto Stock Exchange (TSX) under the ticker symbol "CPG."

Shares of CPG stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
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One share of CPG stock can currently be purchased for approximately C$11.26.

Crescent Point Energy (TSE:CPG) has a market capitalization of C$6.04 billion and generates C$3.53 billion in revenue each year. The company earns C$397.30 million in net income (profit) each year or C$0.76 on an earnings per share basis.

The company employs 768 workers across the globe.

Crescent Point Energy's mailing address is Suite 2000, 585-8Th Avenue Sw, CALGARY, AB T2P 1G1, Canada. The official website for the company is www.crescentpointenergy.com. The company can be reached via phone at +1-403-6930020.