S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
Buffett's firm reports $44B loss but its businesses thrive
Musk says Twitter deal could move ahead with 'bot' info
Senate parliamentarian OKs most of Dems' drug price controls
Dems' climate, energy, tax bill clears initial Senate hurdle
Senate rules referee weakens Dem drug plan in economic bill
Demand for grocery delivery cools as food costs rise
Venezuela, Colombia border areas hopeful as reopening looms
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
Buffett's firm reports $44B loss but its businesses thrive
Musk says Twitter deal could move ahead with 'bot' info
Senate parliamentarian OKs most of Dems' drug price controls
Dems' climate, energy, tax bill clears initial Senate hurdle
Senate rules referee weakens Dem drug plan in economic bill
Demand for grocery delivery cools as food costs rise
Venezuela, Colombia border areas hopeful as reopening looms
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
Buffett's firm reports $44B loss but its businesses thrive
Musk says Twitter deal could move ahead with 'bot' info
Senate parliamentarian OKs most of Dems' drug price controls
Dems' climate, energy, tax bill clears initial Senate hurdle
Senate rules referee weakens Dem drug plan in economic bill
Demand for grocery delivery cools as food costs rise
Venezuela, Colombia border areas hopeful as reopening looms
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
Buffett's firm reports $44B loss but its businesses thrive
Musk says Twitter deal could move ahead with 'bot' info
Senate parliamentarian OKs most of Dems' drug price controls
Dems' climate, energy, tax bill clears initial Senate hurdle
Senate rules referee weakens Dem drug plan in economic bill
Demand for grocery delivery cools as food costs rise
Venezuela, Colombia border areas hopeful as reopening looms
TSE:CPG

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

C$9.08
+0.48 (+5.58%)
(As of 08/5/2022 12:00 AM ET)
Add
Compare
Today's Range
C$8.57
C$9.19
50-Day Range
C$8.34
C$13.46
52-Week Range
C$3.67
C$13.74
Volume
4.86 million shs
Average Volume
6.39 million shs
Market Capitalization
C$5.15 billion
P/E Ratio
1.49
Dividend Yield
2.56%
Price Target
C$13.35

Crescent Point Energy MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
47.1% Upside
C$13.35 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Selling Shares
C$189,947 Sold 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.

2.43 out of 5 stars

Crescent Point Energy 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.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CPG. Raymond James upped their target price on shares of Crescent Point Energy from C$12.00 to C$12.50 and gave the stock a "market perform" rating in a research report on Tuesday, July 5th. CIBC upped their price target on shares of Crescent Point Energy from C$13.00 to C$13.50 in a research report on Thursday, April 14th. National Bankshares cut their price target on shares of Crescent Point Energy from C$21.00 to C$20.00 and set an "outperform" rating for the company in a research report on Thursday, July 28th. Scotiabank upgraded shares of Crescent Point Energy from a "sector perform" rating to a "buy" rating and upped their price target for the company from C$11.50 to C$15.00 in a research report on Wednesday, June 8th. Finally, Stifel Nicolaus upped their price target on shares of Crescent Point Energy from C$15.50 to C$17.00 in a research report on Monday, July 4th. One analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of C$13.35.

Crescent Point Energy Trading Up 5.6 %

Shares of TSE:CPG traded up C$0.48 during midday trading on Friday, hitting C$9.08. 4,862,507 shares of the stock traded hands, compared to its average volume of 6,392,960. The stock has a market capitalization of C$5.15 billion and a PE ratio of 1.49. The business's 50 day moving average is C$10.15 and its two-hundred day moving average is C$9.40. The company has a quick ratio of 0.35, a current ratio of 0.59 and a debt-to-equity ratio of 24.59. Crescent Point Energy has a one year low of C$3.67 and a one year high of C$13.74.

Crescent Point Energy (TSE:CPG - Get Rating) (NYSE:CPG) last issued its quarterly earnings data on Wednesday, July 27th. The company reported C$0.47 EPS for the quarter, missing the consensus estimate of C$0.56 by C($0.09). The firm had revenue of C$1.32 billion for the quarter. As a group, research analysts forecast that Crescent Point Energy will post 2.67 earnings per share for the current year.

Crescent Point Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Thursday, September 15th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 3.52%. This is an increase from Crescent Point Energy's previous quarterly dividend of $0.07. The ex-dividend date is Wednesday, September 14th. Crescent Point Energy's dividend payout ratio is 2.34%.

Insider Buying and Selling

In related news, Senior Officer Mark Gordon Eade sold 13,977 shares of the stock in a transaction dated Wednesday, June 8th. The shares were sold at an average price of C$13.59, for a total value of C$189,947.43. Following the completion of the transaction, the insider now directly owns 162,161 shares of the company's stock, valued at C$2,203,767.99.

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CPG Stock News Headlines

Crescent Point Energy raising quarterly dividend again
Crescent Point Energy Raises Dividend 24%
Crescent Point Energy Corp stock advanced on Friday.
Crescent Point Energy Q1 2022 Earnings Preview
See More Headlines

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CPG Company Calendar

Ex-Dividend for 7/4 Dividend
6/14/2022
Dividend Payable
7/04/2022
Last Earnings
7/27/2022
Today
8/07/2022
Ex-Dividend for 10/3 Dividend
9/14/2022
Dividend Payable
10/03/2022
Next Earnings (Estimated)
10/27/2022

Industry, Sector and Symbol

Industry
Independent Oil & Gas
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
748
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
C$13.35
High Stock Price Forecast
C$20.00
Low Stock Price Forecast
C$9.25
Forecasted Upside/Downside
+47.1%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
9 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$3.05 billion
Cash Flow
C$0.03 per share
Book Value
C$11.86 per share

Miscellaneous

Free Float
N/A
Market Cap
C$5.15 billion
Optionable
Optionable
Beta
N/A

Key Executives

  • Mr. Craig Bryksa (Age 45)
    Pres, CEO & Non-Independent Director
    Comp: $1.55M
  • Mr. Kenneth R. Lamont B.Com. (Age 63)
    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













CPG Stock - Frequently Asked Questions

Should I buy or sell Crescent Point Energy stock right now?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Crescent Point Energy in the last year. There are currently 1 hold rating, 7 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" Crescent Point Energy stock.
View analyst ratings for Crescent Point Energy
or view top-rated stocks.

What is Crescent Point Energy's stock price forecast for 2022?

9 analysts have issued 12-month price objectives for Crescent Point Energy's shares. Their CPG stock forecasts range from C$9.25 to C$20.00. On average, they predict Crescent Point Energy's share price to reach C$13.35 in the next twelve months. This suggests a possible upside of 47.1% from the stock's current price.
View analysts' price targets for Crescent Point Energy
or view top-rated stocks among Wall Street analysts.

How has Crescent Point Energy's stock price performed in 2022?

Crescent Point Energy's stock was trading at C$6.75 at the beginning of 2022. Since then, CPG stock has increased by 34.5% and is now trading at C$9.08.
View the best growth stocks for 2022 here
.

When is Crescent Point Energy's next earnings date?

Crescent Point Energy is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
View our earnings forecast for Crescent Point Energy
.

How were Crescent Point Energy's earnings last quarter?

Crescent Point Energy Corp. (TSE:CPG) announced its quarterly earnings data on Wednesday, July, 27th. The company reported $0.47 EPS for the quarter, missing the consensus estimate of $0.56 by $0.09. The firm had revenue of $1.32 billion for the quarter.

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 Wednesday, July 6th. Shareholders of record on Thursday, September 15th will be given a dividend of 0.08 per share on Monday, October 3rd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 3.52%. The ex-dividend date is Wednesday, September 14th. This is a boost from Crescent Point Energy's previous quarterly dividend of C$0.07.
View Crescent Point Energy's dividend history
.

Is Crescent Point Energy a good dividend stock?

Crescent Point Energy(TSE:CPG) pays an annual dividend of C$0.14 per share and currently has a dividend yield of 2.56%. The dividend payout ratio of Crescent Point Energy is 2.34%. This payout ratio is at a healthy, sustainable level, below 75%.
View Crescent Point Energy's dividend history.

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 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$9.08.

How much money does Crescent Point Energy make?

Crescent Point Energy (TSE:CPG) has a market capitalization of C$5.15 billion and generates C$3.05 billion in revenue each year.

How many employees does Crescent Point Energy have?

Crescent Point Energy 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 Crescent Point Energy is www.crescentpointenergy.com. The company can be reached via phone at +1-403-6930020.

This page (TSE:CPG) was last updated on 8/7/2022 by MarketBeat.com Staff

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