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TSE:CPG

Crescent Point Energy - CPG Stock Forecast, Price & News

C$9.61
+0.24 (+2.56%)
(As of 08/17/2022 05:19 PM ET)
Add
Compare
Today's Range
C$9.35
C$9.74
50-Day Range
C$8.34
C$13.46
52-Week Range
C$3.67
C$13.74
Volume
6.79 million shs
Average Volume
6.29 million shs
Market Capitalization
C$5.45 billion
P/E Ratio
3.34
Dividend Yield
2.35%
Price Target
C$13.35

Crescent Point Energy MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
39.0% 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.

2.37 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.

Crescent Point Energy Stock Down 2.9 %

CPG traded down C$0.28 on Tuesday, hitting C$9.37. The company had a trading volume of 3,852,163 shares, compared to its average volume of 6,289,223. The stock has a fifty day simple moving average of C$9.81 and a 200-day simple moving average of C$9.47. The company has a debt-to-equity ratio of 24.96, a current ratio of 0.59 and a quick ratio of 0.35. The firm has a market capitalization of C$5.32 billion and a P/E ratio of 3.25. Crescent Point Energy has a 52-week low of C$3.67 and a 52-week high of C$13.74.

Crescent Point Energy (TSE:CPG - Get Rating) (NYSE:CPG) last released its earnings results on Wednesday, July 27th. The company reported C$0.47 EPS for the quarter, missing analysts' consensus estimates of C$0.56 by C($0.09). The firm had revenue of C$1.32 billion during the quarter. As a group, equities analysts expect that Crescent Point Energy will post 2.57 EPS for the current fiscal year.

Crescent Point Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Thursday, September 15th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 3.42%. This is a positive change 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 (DPR) is presently 4.95%.

Analysts Set New Price Targets

Several analysts have weighed in on CPG shares. National Bankshares lowered 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 note on Thursday, July 28th. Stifel Nicolaus increased their target price on Crescent Point Energy from C$15.50 to C$17.00 in a report on Monday, July 4th. Raymond James lifted their price target on Crescent Point Energy from C$12.00 to C$12.50 and gave the stock a "market perform" rating in a research note on Tuesday, July 5th. Finally, Scotiabank upgraded shares of Crescent Point Energy from a "sector perform" rating to a "buy" rating and raised their target price for the stock from C$11.50 to C$15.00 in a report on Wednesday, June 8th. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of C$13.35.

Insider Activity at Crescent Point Energy

In other Crescent Point Energy news, Senior Officer Mark Gordon Eade sold 13,977 shares of the firm's stock in a transaction that occurred on Wednesday, June 8th. The shares were sold at an average price of C$13.59, for a total transaction of C$189,947.43. Following the completion of the transaction, the insider now 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
8/17/2022
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
+39.0%
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$3.64 billion
Cash Flow
C$0.03 per share
Book Value
C$11.95 per share

Miscellaneous

Free Float
N/A
Market Cap
C$5.45 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 equities research analysts have issued "buy," "hold," and "sell" ratings for Crescent Point Energy in the last twelve months. There are currently 1 hold rating, 7 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research 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 2022?

9 Wall Street analysts have issued twelve-month price targets for Crescent Point Energy's shares. Their CPG share price forecasts range from C$9.25 to C$20.00. On average, they expect the company's stock price to reach C$13.35 in the next twelve months. This suggests a possible upside of 42.5% 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 2022?

Crescent Point Energy's stock was trading at C$6.75 at the start of the year. Since then, CPG stock has increased by 38.8% and is now trading at C$9.37.
View the best growth stocks for 2022 here
.

When is Crescent Point Energy's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
View our CPG earnings forecast
.

How were Crescent Point Energy's earnings last quarter?

Crescent Point Energy Corp. (TSE:CPG) announced its earnings results on Wednesday, July, 27th. The company reported $0.47 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.56 by $0.09. The firm earned $1.32 billion during the quarter.

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 Wednesday, July 6th. Investors of record on Thursday, September 15th will be paid 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 3.42%. The ex-dividend date is Wednesday, September 14th. This is a positive change from the stock's previous quarterly dividend of C$0.07.
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$0.14 per share and currently has a dividend yield of 2.28%. The dividend payout ratio is 4.95%. 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$9.37.

How much money does Crescent Point Energy make?

Crescent Point Energy (TSE:CPG) has a market capitalization of C$5.32 billion and generates C$3.64 billion in revenue each year.

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 8/17/2022 by MarketBeat.com Staff

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