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 target for 2024?

7 brokerages have issued twelve-month price targets for Crescent Point Energy's shares. Their CPG share price targets range from C$13.00 to C$19.00. On average, they predict the company's share price to reach C$15.07 in the next year. This suggests a possible upside of 57.8% 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 on January 1st, 2023. Since then, CPG stock has decreased by 1.1% and is now trading at C$9.55. 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 Thursday, March 7th 2024. View our CPG earnings forecast .

How were Crescent Point Energy's earnings last quarter?

Crescent Point Energy Corp. (TSE:CPG) issued its earnings results on Thursday, November, 2nd. The company reported $0.42 earnings per share for the quarter, missing analysts' consensus estimates of $0.51 by $0.09. The business earned $1.25 billion during the quarter, compared to analysts' expectations of $1.20 billion. Crescent Point Energy had a negative net margin of 24.36% and a positive trailing twelve-month return on equity of 3.96%.

How often does Crescent Point Energy pay dividends? What is the dividend yield for Crescent Point Energy?

Crescent Point Energy declared a quarterly dividend on Thursday, November 2nd. Stockholders of record on Friday, December 15th will be given a dividend of 0.02 per share on Tuesday, January 2nd. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date of this dividend is Thursday, December 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 4.25%. CPG has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 76.92%. Payout ratios above 75% are not desirable because they may not be sustainable. 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) .

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 .

Crescent Point Energy Stock Price, News & Analysis (TSE:CPG)

C$9.55

-0.03 (-0.31%)

(As of 11/30/2023 ET)

Compare

Today's Range: C$9.44
▼
C$9.91
50-Day Range: C$9.39
▼
C$11.58
52-Week Range: C$7.73
▼
C$11.70

Volume: 5.31 million shs
Average Volume: 4.22 million shs
Market Capitalization: C$5.48 billion

P/E Ratio: 18.37
Dividend Yield: 4.19%
Price Target: C$15.07

Stock Analysis Analyst Forecasts Chart Competitors Dividend Earnings Headlines Insider Trades

Crescent Point Energy MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 57.8% Upside
C$15.07 Price Target
Short Interest: N/A
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
Insider Trading: Acquiring Shares
C$397,686 Bought Last Quarter
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.

2.44 out of 5 stars

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 C$15.07, Crescent Point Energy has a forecasted upside of 57.8% from its current price of C$9.55.
Amount of Analyst Coverage
Crescent Point Energy has only been the subject of 4 research reports in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for CPG.

1.7

Dividend Strength

Dividend Leadership
Crescent Point Energy is a leading dividend payer. It pays a dividend yield of 4.25%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Crescent Point Energy does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Crescent Point Energy is 76.92%. Payout ratios above 75% are not desirable because they may not be sustainable.

N/A

Sustainability and ESG

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

1.1

News and Social Media Coverage

News Coverage This Week
MarketBeat has tracked 1 news article for Crescent Point Energy this week, compared to 1 article on an average week.
Search Interest
31 people have searched for CPG on MarketBeat in the last 30 days. This is an increase of 138% compared to the previous 30 days.
MarketBeat Follows
7 people have added Crescent Point Energy to their MarketBeat watchlist in the last 30 days. This is an increase of 250% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Crescent Point Energy insiders have bought more of their company's stock than they have sold. Specifically, they have bought C$397,686.00 in company stock and sold C$0.00 in company stock.
Percentage Held by Insiders
Only 0.45% of the stock of Crescent Point Energy is held by insiders.
Percentage Held by Institutions
41.57% 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

Price to Earnings Ratio vs. the Market
The P/E ratio of Crescent Point Energy is 18.37, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.04.
Price to Earnings Ratio vs. Sector
The P/E ratio of Crescent Point Energy is 18.37, which means that it is trading at a less expensive P/E ratio than the Energy sector average P/E ratio of about 114.88.
Price to Earnings Growth Ratio
Due to a projected decrease in earnings for Crescent Point Energy, their PEG ratio cannot be calculated.
Price to Book Value per Share Ratio
Crescent Point Energy has a P/B Ratio of 0.88. 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 Stock (TSE:CPG)

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 Stock Price History

30 days | 90 days | 365 days | Advanced Chart

CPG Stock News Headlines

November 21, 2023 | markets.businessinsider.com

Analysts Offer Insights on NA Companies: Chord Energy (CHRD) and Crescent Point Energy (CPG)

November 21, 2023 | americanbankingnews.com

Crescent Point Energy Corp. to Post Q4 2023 Earnings of $0.54 Per Share, Atb Cap Markets Forecasts (TSE:CPG)

November 30, 2023 | Autonomix (Ad)

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November 17, 2023 | finance.yahoo.com

Analysts' Revenue Estimates For Crescent Point Energy Corp. (TSE:CPG) Are Surging Higher

November 16, 2023 | markets.businessinsider.com

Analysts Offer Insights on NA Companies: Vital Energy (VTLE), Diamondback (FANG) and Crescent Point Energy (CPG)

November 16, 2023 | msn.com

Crescent Point bogged down as clean-up trade follows hung deal - Bloomberg

November 10, 2023 | finance.yahoo.com

Hung Deal Leaves BMO, RBC-Led Group With Crescent Point Shares

November 10, 2023 | finance.yahoo.com

Crescent Point Announces the Closing of CDN$500 Million Equity Offering

November 30, 2023 | Autonomix (Ad)

[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity

November 8, 2023 | theglobeandmail.com

Crescent Point Energy to buy Hammerhead Energy in $1.86-billion deal

November 7, 2023 | seekingalpha.com

Crescent Point: Running After That Untamed Ornithoid

November 6, 2023 | finance.yahoo.com

Crescent Point Transforms Portfolio with Strategic Alberta Montney Consolidation

November 6, 2023 | finance.yahoo.com

Crescent Point Announces CDN$500 Million Bought Deal Offering of Common Shares

November 6, 2023 | finance.yahoo.com

Crescent Point to Buy Hammerhead to Expand in Canadian Shale

November 2, 2023 | theglobeandmail.com

Crescent Point Energy reports $809.9M Q3 loss due to one-time charges

November 2, 2023 | finance.yahoo.com

Crescent Point Confirms Quarterly Dividend and Declares Third Quarter Special Dividend

November 2, 2023 | finance.yahoo.com

Crescent Point Announces Q3 2023 Results

October 31, 2023 | finance.yahoo.com

Best Income Stocks to Buy October 31st

October 26, 2023 | finance.yahoo.com

Crescent Point Announces Q3 2023 Conference Call

September 26, 2023 | finance.yahoo.com

3 Stocks to Watch for Exposure to the Canadian E&P Industry

September 11, 2023 | msn.com

Crescent Point plans $1.05B to $1.15B in development capital expenditures for 2024

September 11, 2023 | finance.yahoo.com

Crescent Point Provides Preliminary 2024 Budget and Updated Five-Year Outlook

September 7, 2023 | finance.yahoo.com

Hidden Treasures: 3 Under-$10 Stocks Poised for Triple Returns

August 17, 2023 | finance.yahoo.com

Crescent Point Energy Corp.'s (TSE:CPG) Stock Is Going Strong: Have Financials A Role To Play?

July 30, 2023 | msn.com

Ninepoint Ups Stake in Crescent Point Energy; Now It's Seventh Largest Holding

July 28, 2023 | finance.yahoo.com

Crescent Point Energy Corp. (NYSE:CPG) Q2 2023 Earnings Call Transcript

July 17, 2023 | technews.tmcnet.com

Ares Management Corporation to Acquire Crescent Point Capital

See More Headlines

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Company Calendar

Ex-Dividend for 10/2 Dividend: 9/14/2023
Dividend Payable: 10/02/2023
Last Earnings: 11/02/2023
Today: 11/30/2023
Ex-Dividend for 1/2 Dividend: 12/14/2023
Dividend Payable: 1/02/2024
Next Earnings (Estimated): 3/07/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: TSE
Industry: Oil & Gas E&P
Sub-Industry: N/A
Sector: Energy
Current Symbol: TSE:CPG
CUSIP: N/A
CIK: N/A
Web: www.crescentpointenergy.com
Phone: +1-403-6930020
Fax: N/A
Employees: 768
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: C$15.07
High Stock Price Target: C$19.00
Low Stock Price Target: C$13.00
Potential Upside/Downside: +58.4%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 7 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$0.52
Trailing P/E Ratio: 18.29
Forward P/E Ratio: 6.00
P/E Growth: -0.59
Net Income: C$255.70 million
Net Margins: -24.36%
Pretax Margin: N/A
Return on Equity: 3.96%
Return on Assets: 2.15%

Debt

Debt-to-Equity Ratio: 53.55
Current Ratio: 1.29
Quick Ratio: 0.49

Sales & Book Value

Annual Sales: C$3.61 billion
Price / Sales: 1.51
Cash Flow: C$0.43 per share
Price / Cash Flow: 22.00
Book Value: C$10.85 per share
Price / Book: 0.88

Miscellaneous

Outstanding Shares: 573,340,000
Free Float: N/A
Market Cap: C$5.45 billion
Optionable: Not Optionable
Beta: 2.79

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Key Executives

Mr. Craig Bryksa (Age 46)
President, CEO & Non-Independent Director
Comp: $1.7M
Mr. Kenneth R. Lamont B.Com. (Age 64)
BComm., C.A., Chief Financial Officer
Comp: $1.12M
Mr. Ryan Chad Raymond Gritzfeldt BASc.
P.Eng., Chief Operating Officer
Mr. Mark G. Eade
Senior VP, General Counsel & Corporate Secretary
Mr. Garret Holt
Senior Vice President of Strategy & Sustainability
Sarfraz Somani
Manager of Investor Relations
Mr. Justin Foraie
Vice President of Operations & Marketing
Mr. Shant Madian
Vice President of Capital Markets
Ms. Shelly Witwer
Senior Vice President of Business Development
Mr. Michael R. Politeski
Senior Vice President of Finance & Treasurer

Key Competitors

View All Competitors

Insiders

View All Insider Transactions

CPG Stock Analysis - 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 target for 2024?: 7 brokerages have issued twelve-month price targets for Crescent Point Energy's shares. Their CPG share price targets range from C$13.00 to C$19.00. On average, they predict the company's share price to reach C$15.07 in the next year. This suggests a possible upside of 57.8% 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 on January 1st, 2023. Since then, CPG stock has decreased by 1.1% and is now trading at C$9.55.
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 Thursday, March 7th 2024.
View our CPG earnings forecast.
How were Crescent Point Energy's earnings last quarter?: Crescent Point Energy Corp. (TSE:CPG) issued its earnings results on Thursday, November, 2nd. The company reported $0.42 earnings per share for the quarter, missing analysts' consensus estimates of $0.51 by $0.09. The business earned $1.25 billion during the quarter, compared to analysts' expectations of $1.20 billion. Crescent Point Energy had a negative net margin of 24.36% and a positive trailing twelve-month return on equity of 3.96%.

How often does Crescent Point Energy pay dividends? What is the dividend yield for Crescent Point Energy?: Crescent Point Energy declared a quarterly dividend on Thursday, November 2nd. Stockholders of record on Friday, December 15th will be given a dividend of 0.02 per share on Tuesday, January 2nd. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date of this dividend is Thursday, December 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 4.25%. CPG has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 76.92%. Payout ratios above 75% are not desirable because they may not be sustainable.
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).
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.

This page (TSE:CPG) was last updated on 11/30/2023 by MarketBeat.com Staff

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Crescent Point Energy Stock Price, News & Analysis (TSE:CPG)

Crescent Point Energy MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Crescent Point Energy Stock (TSE:CPG)

CPG Stock Price History

CPG Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

CPG Stock Analysis - Frequently Asked Questions

Overall MarketRank^™