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S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
7 Stocks That Will Drive the Weight Loss Drugs Market
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
7 Stocks That Will Drive the Weight Loss Drugs Market
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
7 Stocks That Will Drive the Weight Loss Drugs Market
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
NYSE:CPG

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

$8.19
+0.13 (+1.61%)
(As of 03/28/2024 ET)
Today's Range
$8.06
$8.21
50-Day Range
$6.14
$8.19
52-Week Range
$6.03
$8.59
Volume
3.65 million shs
Average Volume
6.36 million shs
Market Capitalization
$5.08 billion
P/E Ratio
11.70
Dividend Yield
4.15%
Price Target
$13.75

Crescent Point Energy MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
67.9% Upside
$13.75 Price Target
Short Interest
Healthy
3.66% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.34mentions of Crescent Point Energy in the last 14 days
Based on 15 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
5.79%
From $1.21 to $1.28 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.16 out of 5 stars

Oils/Energy Sector

54th out of 243 stocks

Crude Petroleum & Natural Gas Industry

24th out of 76 stocks

CPG stock logo

About Crescent Point Energy Stock (NYSE:CPG)

Crescent Point Energy Corp., together with its subsidiaries, explores, develops, and produces oil and gas properties in Canada and the United States. The company focuses on crude oil, tight oil, natural gas liquids, shale gas, and natural gas reserves. Its properties are located in the provinces of Saskatchewan, Alberta, British Columbia, and Manitoba; and the states of North Dakota. Crescent Point Energy Corp. was incorporated in 1994 and is headquartered in Calgary, Canada.

CPG Stock Price History

CPG Stock News Headlines

Trump’s “Tax Free” Retirement Strategy
Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.
Trump’s “Tax Free” Retirement Strategy
Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.
Crescent Point Energy to Rebrand as Veren Inc.
CPG:CA Crescent Point Energy Corp.
CPG Apr 2024 12.500 call
Crescent Point Announces 2023 Results & Reserves
Crescent Point Confirms Quarterly Dividend
Crescent Point Seems Undervalued
See More Headlines
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Company Calendar

Ex-Dividend for 1/2 Dividend
12/14/2023
Dividend Payable
1/02/2024
Last Earnings
2/29/2024
Ex-Dividend for 4/1 Dividend
3/14/2024
Today
3/29/2024
Dividend Payable
4/01/2024
Next Earnings (Estimated)
5/10/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Crude petroleum & natural gas
Sub-Industry
N/A
Employees
777
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$13.75
High Stock Price Target
$14.75
Low Stock Price Target
$13.00
Potential Upside/Downside
+67.9%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
3 Analysts

Profitability

Net Income
$422.48 million
Pretax Margin
33.01%

Debt

Sales & Book Value

Annual Sales
$2.59 billion
Cash Flow
$2.29 per share
Book Value
$8.20 per share

Miscellaneous

Free Float
618,090,000
Market Cap
$5.08 billion
Optionable
Optionable
Beta
2.22
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Key Executives

  • Mr. Craig Bryksa (Age 47)
    President, CEO & Non-Independent Director
    Comp: $1.26M
  • Mr. Kenneth R. Lamont B.Com. (Age 65)
    BComm., C.A., Chief Financial Officer
    Comp: $828.99k
  • Mr. Ryan Chad Raymond Gritzfeldt BASc.
    P.Eng., Chief Operating Officer
  • Mr. Mark G. Eade
    Senior VP, General Counsel & Corporate Secretary
  • Mr. Garret Holt
    Senior VP of Strategy & Planning
  • Sarfraz Somani
    Manager of Investor Relations
  • Mr. Shant Madian
    Vice President of Capital Markets
  • Ms. Shelly Witwer
    Senior Vice President of Business Development
  • Mr. Michael R. Politeski
    Senior Vice President of Finance & Treasurer

CPG Stock Analysis - Frequently Asked Questions

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

3 Wall Street 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 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 target for 2024?

3 Wall Street analysts have issued twelve-month price targets 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 share price to reach $13.75 in the next year. This suggests a possible upside of 67.9% 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 2024?

Crescent Point Energy's stock was trading at $6.93 on January 1st, 2024. Since then, CPG shares have increased by 18.2% and is now trading at $8.19.
View the best growth stocks for 2024 here
.

Are investors shorting Crescent Point Energy?

Crescent Point Energy saw a increase in short interest in the month of March. As of March 15th, there was short interest totaling 21,000,000 shares, an increase of 23.2% from the February 29th total of 17,050,000 shares. Based on an average daily volume of 5,500,000 shares, the days-to-cover ratio is presently 3.8 days. Approximately 3.7% of the shares of the stock are sold short.
View Crescent Point Energy's Short Interest
.

When is Crescent Point Energy's next earnings date?

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

How were Crescent Point Energy's earnings last quarter?

Crescent Point Energy Corp. (NYSE:CPG) issued its quarterly earnings results on Thursday, February, 29th. The oil and gas producer reported $0.27 earnings per share for the quarter, missing analysts' consensus estimates 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%.

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, February 29th. Shareholders of record on Friday, March 15th will be given a dividend of $0.086 per share on Monday, April 1st. This represents a $0.34 annualized dividend and a yield of 4.20%. 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
.

Is Crescent Point Energy a good dividend stock?

Crescent Point Energy (NYSE:CPG) pays an annual dividend of $0.34 per share and currently has a dividend yield of 4.20%. CPG has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. 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.

What ETFs hold Crescent Point Energy's stock?

ETFs with the largest weight of Crescent Point Energy (NYSE:CPG) stock in their portfolio include Dimensional International Small Cap Value ETF (DISV).iShares International Small Cap Equity Factor ETF (ISCF).

What is Craig Bryksa's approval rating as Crescent Point Energy's CEO?

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.

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 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).

Who are Crescent Point Energy's major shareholders?

Crescent Point Energy's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Riverstone Holdings LLC (6.73%), Franklin Resources Inc. (4.18%), Vanguard Group Inc. (3.29%), Vanguard Group Inc. (3.29%), Ninepoint Partners LP (3.06%) and CIBC Asset Management Inc (1.97%).

How do I buy shares of Crescent Point Energy?

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.
Compare Top Brokerages Here.

This page (NYSE:CPG) was last updated on 3/29/2024 by MarketBeat.com Staff

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