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

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Crescent Point Energy in the last twelve months. There are currently 3 buy ratings 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.

3 Wall Street research analysts have issued 12 month target prices for Crescent Point Energy's stock. Their CPG share price targets range from $13.00 to $14.75. On average, they expect the company's stock price to reach $13.75 in the next twelve months. This suggests a possible upside of 59.0% from the stock's current price.
View analysts price targets for CPG or view top-rated stocks among Wall Street analysts.

Crescent Point Energy's stock was trading at $6.93 at the beginning of 2024. Since then, CPG stock has increased by 24.8% and is now trading at $8.65.
View the best growth stocks for 2024 here.

Crescent Point Energy saw a decline in short interest during the month of March. As of March 31st, there was short interest totaling 14,900,000 shares, a decline of 29.0% from the March 15th total of 21,000,000 shares. Based on an average daily volume of 5,810,000 shares, the short-interest ratio is currently 2.6 days. Approximately 2.6% of the shares of the company are sold short.
View Crescent Point Energy's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Friday, May 10th 2024.
View our CPG earnings forecast.

Crescent Point Energy Corp. (NYSE:CPG) announced its quarterly earnings data on Thursday, February, 29th. The oil and gas producer reported $0.27 EPS for the quarter, missing the consensus estimate of $0.38 by $0.11. The oil and gas producer earned $743.70 million during the quarter, compared to analysts' expectations of $752.25 million. Crescent Point Energy had a trailing twelve-month return on equity of 13.27% and a net margin of 15.40%.

Crescent Point Energy declared a quarterly dividend on Thursday, February 29th. Stockholders of record on Friday, March 15th will be paid a dividend of $0.086 per share on Monday, April 1st. This represents a $0.34 annualized dividend and a yield of 3.98%. The ex-dividend date of this dividend is Thursday, March 14th. This is a positive change from the stock's previous quarterly dividend of $0.07.
Read our dividend analysis for CPG.

Crescent Point Energy (NYSE:CPG) pays an annual dividend of $0.34 per share and currently has a dividend yield of 3.98%. CPG has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 48.57%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CPG will have a dividend payout ratio of 26.56% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CPG.

ETFs with the largest weight of Crescent Point Energy (NYSE:CPG) stock in their portfolio include Virtus Real Asset Income ETF (VRAI), Dimensional International Small Cap Value ETF (DISV), Avantis International Small Cap Value ETF (AVDV), iShares International Small Cap Equity Factor ETF (ISCF), Schwab International Small-Cap Equity ETF (SCHC) and Dimensional International Small Cap ETF (DFIS).Avantis International Small Cap Equity ETF (AVDS).

10 employees have rated Crescent Point Energy Chief Executive Officer Craig Bryksa on Glassdoor.com. Craig Bryksa has an approval rating of 67% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Crescent Point Energy investors own include Baytex Energy (BTE), Lundin Mining (LUN), AltaGas (ALA), Energy Transfer (ET), Cenovus Energy (CVE), Enbridge (ENB), Bank of America (BAC), Coty (COTY) and AMC Entertainment (AMC).

Crescent Point Energy's stock is owned by a variety of institutional and retail investors. Top institutional investors include Penbrook Management LLC (0.08%), DGS Capital Management LLC (0.01%) and Dixon Mitchell Investment Counsel Inc. (0.00%).

Shares of CPG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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