TSE:CPG Crescent Point Energy (CPG) Stock Forecast, Price & News C$11.26 -0.03 (-0.27%) (As of 09/29/2023 ET) Add Compare Share Share Today's RangeC$11.18▼C$11.3450-Day RangeC$10.29▼C$11.5752-Week RangeC$7.73▼C$11.70Volume2.96 million shsAverage Volume4.31 million shsMarket CapitalizationC$6.04 billionP/E Ratio14.82Dividend Yield3.55%Price TargetC$14.50 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsHeadlinesOptions ChainSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsHeadlinesOptions ChainSocial Media Crescent Point Energy MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside28.8% UpsideC$14.50 Price TargetShort InterestN/ADividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment0.95Based on 2 Articles This WeekInsider TradingN/AProj. Earnings GrowthN/ASee Full Details Hide Full Details 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 4.5 Analyst's Opinion Consensus RatingCrescent 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/DownsideAccording to analysts' consensus price target of C$14.50, Crescent Point Energy has a forecasted upside of 28.8% from its current price of C$11.26.Amount of Analyst CoverageCrescent Point Energy has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next N/A Short Interest Short InterestThere is no current short interest data available for CPG. Previous Next 2.5 Dividend Strength Dividend LeadershipCrescent Point Energy is a leading dividend payer. It pays a dividend yield of 3.67%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthCrescent Point Energy does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Crescent Point Energy is 52.63%. This payout ratio is at a healthy, sustainable level, below 75%. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for CPG. Previous Next 2.7 News and Social Media Coverage News SentimentCrescent Point Energy has a news sentiment score of 0.95. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.41 average news sentiment score of Energy companies.News Coverage This WeekMarketBeat has tracked 2 news articles for Crescent Point Energy this week, compared to 1 article on an average week.Search InterestOnly 44 people have searched for CPG on MarketBeat in the last 30 days. This is a decrease of -14% compared to the previous 30 days.MarketBeat FollowsOnly 7 people have added Crescent Point Energy to their MarketBeat watchlist in the last 30 days. This is a decrease of -30% compared to the previous 30 days. Previous Next 0.8 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Crescent Point Energy insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 0.45% of the stock of Crescent Point Energy is held by insiders.Percentage Held by Institutions41.57% 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. Previous Next 1.9 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of Crescent Point Energy is 14.82, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 119.35.Price to Earnings Ratio vs. SectorThe P/E ratio of Crescent Point Energy is 14.82, which means that it is trading at a less expensive P/E ratio than the Energy sector average P/E ratio of about 112.18.Price to Earnings Growth RatioDue to a projected decrease in earnings for Crescent Point Energy, their PEG ratio cannot be calculated.Price to Book Value per Share RatioCrescent Point Energy has a P/B Ratio of 0.91. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Crescent Point Energy (TSE:CPG) StockCrescent 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.Read More CPG Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart CPG Stock News HeadlinesSeptember 27, 2023 | americanbankingnews.comCrescent Point Energy (TSE:CPG) Stock Price Crosses Above 200-Day Moving Average of $9.86September 26, 2023 | finance.yahoo.com3 Stocks to Watch for Exposure to the Canadian E&P IndustrySeptember 29, 2023 | Chaikin Analytics (Ad)This is the #1 Stock to Buy for the AI Tidal WaveMarc 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.September 19, 2023 | americanbankingnews.comCrescent Point Energy Corp. (TSE:CPG) Given Consensus Rating of "Buy" by BrokeragesSeptember 11, 2023 | msn.comCrescent Point plans $1.05B to $1.15B in development capital expenditures for 2024September 11, 2023 | finance.yahoo.comCrescent Point Provides Preliminary 2024 Budget and Updated Five-Year OutlookSeptember 7, 2023 | finance.yahoo.comHidden Treasures: 3 Under-$10 Stocks Poised for Triple ReturnsAugust 17, 2023 | finance.yahoo.comCrescent Point Energy Corp.'s (TSE:CPG) Stock Is Going Strong: Have Financials A Role To Play?September 29, 2023 | Chaikin Analytics (Ad)Get Your Cash Out of U.S. Banks ImmediatelyMan 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.July 30, 2023 | msn.comNinepoint Ups Stake in Crescent Point Energy; Now It's Seventh Largest HoldingJuly 28, 2023 | finance.yahoo.comCrescent Point Energy Corp. (NYSE:CPG) Q2 2023 Earnings Call TranscriptJuly 17, 2023 | technews.tmcnet.comAres Management Corporation to Acquire Crescent Point CapitalJune 28, 2023 | finance.yahoo.comCrescent Point Releases 2023 Sustainability ReportJune 8, 2023 | msn.comSCOTIABANK GBM Maintains Crescent Point Energy (TSX:CPG) Outperform RecommendationJune 8, 2023 | msn.comCIBC CAPITAL MARKETS Maintains Crescent Point Energy (TSX:CPG) Outperform RecommendationMay 29, 2023 | marketwatch.comCrescent Point Energy Restores Production Disrupted by Alberta FiresMay 29, 2023 | theglobeandmail.comCrescent Point restarts production that was shut in due to Alberta wildfiresMay 29, 2023 | msn.comCrescent Point brings back on stream shut-in Kaybob Duvernay productionMay 16, 2023 | finance.yahoo.comCrescent Point Energy Provides Further Update on Alberta WildfiresMay 14, 2023 | msn.comCrescent Point Energy (CPG) Declares $0.10 DividendMay 13, 2023 | finance.yahoo.comFire Risk in Canada’s Oil Heartland Surges Over Hot WeekendMay 10, 2023 | finance.yahoo.comThose who invested in Crescent Point Energy (TSE:CPG) three years ago are up 436%May 2, 2023 | theglobeandmail.comClosing Bell: Crescent Point Energy Corp down on Monday (CPG)April 24, 2023 | msn.comBetter Buy: Baytex Energy Stock or Crescent Point Energy Stock?April 21, 2023 | theglobeandmail.comClosing Bell: Crescent Point Energy Corp flat on Friday (CPG)April 18, 2023 | finance.yahoo.comZacks Industry Outlook Highlights Canadian Natural Resources, Crescent Point Energy and Baytex EnergyApril 13, 2023 | theglobeandmail.comClosing Bell: Crescent Point Energy Corp up on Thursday (CPG)See More Headlines Receive CPG Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Crescent Point Energy and its competitors with MarketBeat's FREE daily newsletter. Email Address CPG Company Calendar Ex-Dividend for 7/4 Dividend6/14/2023Dividend Payable7/04/2023Last Earnings7/26/2023Ex-Dividend for 10/2 Dividend9/14/2023Today9/29/2023Dividend Payable10/02/2023Next Earnings (Estimated)10/25/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeTSE Industry Oil & Gas E&P Sub-IndustryN/A SectorEnergy Current SymbolTSE:CPG CUSIPN/A CIKN/A Webwww.crescentpointenergy.com Phone+1-403-6930020FaxN/AEmployees768Year FoundedN/APrice Target and Rating Average Stock Price ForecastC$14.50 High Stock Price ForecastC$18.00 Low Stock Price ForecastC$12.50 Forecasted Upside/Downside+28.8%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage7 Analysts Profitability EPS (Most Recent Fiscal Year)C$0.76 Trailing P/E Ratio14.82 Forward P/E Ratio9.01 P/E Growth-0.59Net IncomeC$397.30 million Net Margins11.24% Pretax MarginN/A Return on Equity5.90% Return on Assets3.24% Debt Debt-to-Equity Ratio46.38 Current Ratio0.71 Quick Ratio0.49 Sales & Book Value Annual SalesC$3.53 billion Price / Sales1.71 Cash FlowC$0.51 per share Price / Cash Flow22.00 Book ValueC$12.42 per share Price / Book0.91Miscellaneous Outstanding Shares536,110,000Free FloatN/AMarket CapC$6.04 billion OptionableOptionable Beta2.88 12 Stocks Corporate Insiders are AbandoningIf a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know?Get This Free Report Key ExecutivesMr. Craig Bryksa (Age 46)Pres, CEO & Non-Independent Director Comp: $1.7MMr. Kenneth R. Lamont B.Com. (Age 64)BComm., C.A., CA, Chief Financial Officer Comp: $1.12MMr. Ryan Chad Raymond Gritzfeldt BASc.P.Eng., Chief Operating OfficerMr. Mark G. EadeSr. VP, Gen. Counsel & Corp. Sec.Mr. Garret HoltSr. VP of Strategy & SustainabilitySarfraz SomaniMang. of Investor RelationsMr. Justin ForaieVP of Operations & MarketingMr. Shant MadianVP of Capital MarketsMs. Shelly WitwerSr. VP of Bus. Devel.Mr. Michael R. PoliteskiSr. VP of Fin. & TreasurerMore ExecutivesKey CompetitorsPrairieSky RoyaltyTSE:PSKEnerplusTSE:ERFBaytex EnergyTSE:BTEWhitecap ResourcesTSE:WCPParamount ResourcesTSE:POUView All Competitors 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 Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Crescent Point Energy Corp. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. 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