TSE:CPG

Crescent Point Energy - CPG Stock Forecast, Price & News

C$9.33

+0.53 (+6.02%)

(As of 03/22/2023 11:09 AM ET)

Add

Compare

Today's Range: C$8.90
▼
C$9.37
50-Day Range: C$7.98
▼
C$10.07
52-Week Range: C$7.57
▼
C$13.74

Volume: 3.02 million shs
Average Volume: 5.22 million shs
Market Capitalization: C$5.11 billion

P/E Ratio: 3.89
Dividend Yield: 4.29%
Price Target: C$13.92

Crescent Point Energy MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.67 Rating Score
Upside/Downside: 58.1% Upside
C$13.92 Price Target
Short Interest: N/A
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
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.

2.10 out of 5 stars

3.3

Analyst's Opinion

Consensus Rating
Crescent Point Energy has received a consensus rating of Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of C$13.92, Crescent Point Energy has a forecasted upside of 58.1% from its current price of C$8.80.
Amount of Analyst Coverage
Crescent Point Energy has only been the subject of 2 research reports in the past 90 days.

N/A

Short Interest

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

2.5

Dividend Strength

Dividend Leadership
Crescent Point Energy is a leading dividend payer. It pays a dividend yield of 4.61%, 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 16.67%. This payout ratio is at a healthy, sustainable level, below 75%.

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
77 people have searched for CPG on MarketBeat in the last 30 days. This is an increase of 10% compared to the previous 30 days.
MarketBeat Follows
Only 3 people have added Crescent Point Energy to their MarketBeat watchlist in the last 30 days. This is a decrease of -85% compared to the previous 30 days.

0.0

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 Insiders
Only 0.41% of the stock of Crescent Point Energy is held by insiders.
Percentage Held by Institutions
Only 38.07% of the stock of Crescent Point Energy is held by institutions.

1.9

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Crescent Point Energy is 3.67, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 116.76.
Price to Earnings Ratio vs. Sector
The P/E ratio of Crescent Point Energy is 3.67, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 77.62.
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 0.75. 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 (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.

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.

CPG Stock News Headlines

March 6, 2023 | finance.yahoo.com

Crescent Point Energy Corp. (NYSE:CPG) Q4 2022 Earnings Call Transcript

March 2, 2023 | theglobeandmail.com

Crescent Point announces special dividend, reports Q4 loss

March 22, 2023 | PressReach (Ad)

Stocks Positioned For The Year

This breakthrough stock has bright future this decade.

March 2, 2023 | theglobeandmail.com

Crescent Point Energy announces special dividend as it reports fourth-quarter loss

February 21, 2023 | fool.ca

Is Crescent Point Energy Stock a Good Long-Term Investment?

February 3, 2023 | seekingalpha.com

Crescent Point Energy: Built For The Long Run

January 2, 2023 | finance.yahoo.com

Crescent Point Energy (TSE:CPG) Is Increasing Its Dividend To CA$0.10

December 11, 2022 | finance.yahoo.com

Here's What We Like About Crescent Point Energy's (TSE:CPG) Upcoming Dividend

March 22, 2023 | PressReach (Ad)

Stocks Positioned For The Year

This breakthrough stock has bright future this decade.

December 9, 2022 | seekingalpha.com

Crescent Point to buy Kaybob Duvernay assets in C$375M deal; hikes dividend

November 14, 2022 | markets.businessinsider.com

TSX Sheds Nearly 1%

November 8, 2022 | finance.yahoo.com

Crescent Point Energy Third Quarter 2022 Earnings: EPS Beats Expectations, Revenues Lag

October 28, 2022 | seekingalpha.com

Crescent Point Energy Q3 2022 Results: A Growth Play At A Value Price

October 26, 2022 | theglobeandmail.com

Crescent Point Energy announces special dividend, reports third-quarter profit up from year ago

October 26, 2022 | theglobeandmail.com

Crescent Point Energy reports Q3 profit up from year ago, announces special dividend

October 26, 2022 | finance.yahoo.com

Crescent Point Confirms Quarterly Dividend and Declares Special Dividend

October 26, 2022 | finance.yahoo.com

Crescent Point Announces Q3 2022 Results and 2023 Budget

October 25, 2022 | benzinga.com

A Preview Of Crescent Point Energy's Earnings

October 21, 2022 | seekingalpha.com

Crescent Point Energy: Management Difference

October 20, 2022 | finance.yahoo.com

Crescent Point (CPG) to Report Q3 Results: What's in Store?

October 13, 2022 | seekingalpha.com

Crescent Point: Don't Ignore The Risks Of A Global Recession

October 5, 2022 | nasdaq.com

Crescent Point Energy Corp (CPG) Shares Cross Above 200 DMA

October 5, 2022 | theglobeandmail.com

Closing Bell: Crescent Point Energy Corp up on Monday (CPG)

September 29, 2022 | finance.yahoo.com

Crescent Point Energy (CPG) Stock Moves -0.32%: What You Should Know

September 20, 2022 | finance.yahoo.com

Crescent Point Energy's (TSE:CPG) investors will be pleased with their decent 98% return over the last year

September 14, 2022 | seekingalpha.com

Crescent Point Energy Earns A 71% Valuation Attractiveness Score

September 8, 2022 | seekingalpha.com

Crescent Point: Unhedged Natural Gas Adds Extra Firepower

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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.

CPG Company Calendar

Ex-Dividend for 3/17 Dividend: 3/09/2023
Ex-Dividend for 4/3 Dividend: 3/14/2023
Dividend Payable: 3/17/2023
Today: 3/22/2023
Dividend Payable: 4/03/2023
Next Earnings (Estimated): 5/11/2023

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: TSE
Industry: Independent Oil & Gas
Sub-Industry: N/A
Sector: Basic Materials
Current Symbol: TSE:CPG
CUSIP: N/A
CIK: N/A
Web: www.crescentpointenergy.com
Phone: +1-403-6930020
Fax: N/A
Employees: 748
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: C$13.92
High Stock Price Forecast: C$15.50
Low Stock Price Forecast: C$11.50
Forecasted Upside/Downside: +51.3%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.67
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$2.40
Trailing P/E Ratio: 3.83
Forward P/E Ratio: 6.79
P/E Growth: -0.59
Net Income: C$1.48 billion
Net Margins: 37.15%
Pretax Margin: N/A
Return on Equity: 24.93%
Return on Assets: 12.95%

Debt

Debt-to-Equity Ratio: 24.11
Current Ratio: 0.80
Quick Ratio: 0.49

Sales & Book Value

Annual Sales: C$3.99 billion
Price / Sales: 1.26
Cash Flow: C$0.42 per share
Price / Cash Flow: 22.00
Book Value: C$11.79 per share
Price / Book: 0.78

Miscellaneous

Outstanding Shares: 547,960,000
Free Float: N/A
Market Cap: C$5.04 billion
Optionable: Optionable
Beta: 2.88

Key Executives

Mr. Craig Bryksa (Age 46)
Pres, CEO & Non-Independent Director
Comp: $1.55M

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 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

Mark Gordon Eade
Sold 13,977 shares
Total: C$189,947.43 ($13.59/share)

View All Insider Transactions

CPG Stock - Frequently Asked Questions

Should I buy or sell Crescent Point Energy stock right now?: 3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Crescent Point Energy in the last year. There are currently 1 hold rating and 2 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?: 3 brokerages have issued 1-year target prices for Crescent Point Energy's stock. Their CPG share price forecasts range from C$11.50 to C$15.50. On average, they predict the company's share price to reach C$13.92 in the next year. This suggests a possible upside of 51.3% 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 shares have decreased by 4.8% and is now trading at C$9.20.
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, May 11th 2023.
View our CPG earnings forecast.
How often does Crescent Point Energy pay dividends? What is the dividend yield for Crescent Point Energy?: Crescent Point Energy declared a None dividend on Thursday, March 2nd. Stockholders of record on Friday, March 10th will be paid a dividend of 0.032 per share on Friday, March 17th. The ex-dividend date of this dividend is Thursday, March 9th.
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 4.61%. CPG has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 16.67%. 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$9.20.
How much money does Crescent Point Energy make?: Crescent Point Energy (TSE:CPG) has a market capitalization of C$5.04 billion and generates C$3.99 billion in revenue each year. The company earns C$1.48 billion in net income (profit) each year or C$2.40 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 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 3/22/2023 by MarketBeat.com Staff

Get 30 Days of MarketBeat All Access Free

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.
Stock Ideas and Recommendations
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your 30-Day Free Trial

Crescent Point Energy - CPG Stock Forecast, Price & News

Crescent Point Energy MarketRank™ Forecast

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

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Crescent Point Energy (TSE:CPG) Stock

CPG Stock News Headlines

CPG Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

CPG Stock - Frequently Asked Questions

Overall MarketRank^™