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PFE   33.18 (+3.40%)
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TSE:CPG

Crescent Point Energy (CPG) Stock Forecast, Price & News

C$11.26
-0.03 (-0.27%)
(As of 09/29/2023 ET)
Compare
Today's Range
C$11.18
C$11.34
50-Day Range
C$10.29
C$11.57
52-Week Range
C$7.73
C$11.70
Volume
2.96 million shs
Average Volume
4.31 million shs
Market Capitalization
C$6.04 billion
P/E Ratio
14.82
Dividend Yield
3.55%
Price Target
C$14.50

Crescent Point Energy MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
28.8% Upside
C$14.50 Price Target
Short Interest
N/A
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.95mentions of Crescent Point Energy in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.92 out of 5 stars


CPG stock logo

About Crescent Point Energy (TSE: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.

CPG Price History

CPG Stock News Headlines

3 Stocks to Watch for Exposure to the Canadian E&P Industry
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
Get Your Cash Out of U.S. Banks Immediately
Man who predicted 2023 bank run warns a historic financial reset is coming. Get out of cash and into a new vehicle 50 years in the making. Click here to learn more.
Crescent Point Releases 2023 Sustainability Report
See More Headlines
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CPG Company Calendar

Ex-Dividend for 7/4 Dividend
6/14/2023
Dividend Payable
7/04/2023
Last Earnings
7/26/2023
Ex-Dividend for 10/2 Dividend
9/14/2023
Today
9/29/2023
Dividend Payable
10/02/2023
Next Earnings (Estimated)
10/25/2023

Industry, Sector and Symbol

Industry
Oil & Gas E&P
Sub-Industry
N/A
Sector
Energy
CIK
N/A
Fax
N/A
Employees
768
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
C$14.50
High Stock Price Forecast
C$18.00
Low Stock Price Forecast
C$12.50
Forecasted Upside/Downside
+28.8%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
7 Analysts

Profitability

Net Income
C$397.30 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$3.53 billion
Cash Flow
C$0.51 per share
Book Value
C$12.42 per share

Miscellaneous

Free Float
N/A
Market Cap
C$6.04 billion
Optionable
Optionable
Beta
2.88
12 Stocks Corporate Insiders are Abandoning Cover

If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know?

Get This Free Report

Key Executives

  • Mr. Craig Bryksa (Age 46)
    Pres, CEO & Non-Independent Director
    Comp: $1.7M
  • Mr. Kenneth R. Lamont B.Com. (Age 64)
    BComm., C.A., CA, Chief Financial Officer
    Comp: $1.12M
  • 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 Strategy & Sustainability
  • Sarfraz Somani
    Mang. of Investor Relations
  • Mr. Justin Foraie
    VP of Operations & Marketing
  • Mr. Shant Madian
    VP of Capital Markets
  • Ms. Shelly Witwer
    Sr. VP of Bus. Devel.
  • Mr. Michael R. Politeski
    Sr. VP of Fin. & Treasurer













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 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.

What is Crescent Point Energy's stock price forecast for 2023?

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.

How have CPG shares performed in 2023?

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.
View the best growth stocks for 2023 here
.

When is Crescent Point Energy's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 25th 2023.
View our CPG earnings forecast
.

How were Crescent Point Energy's earnings last quarter?

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%.

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 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
.

Is Crescent Point Energy a good dividend stock?

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.

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 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).

What is Crescent Point Energy's stock symbol?

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

How do I buy shares of Crescent Point Energy?

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.
Compare Top Brokerages Here.

What is Crescent Point Energy's stock price today?

One share of CPG stock can currently be purchased for approximately C$11.26.

How much money does Crescent Point Energy make?

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.

How many employees does Crescent Point Energy have?

The company employs 768 workers across the globe.

How can I contact Crescent Point Energy?

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.

This page (TSE:CPG) was last updated on 9/29/2023 by MarketBeat.com Staff

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