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

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Crescent Point Energy in the last twelve months. There are currently 10 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 .

What is Crescent Point Energy's stock price target for 2024?

10 brokers have issued 1 year price objectives for Crescent Point Energy's shares. Their CPG share price targets range from C$12.00 to C$19.00. On average, they predict the company's share price to reach C$14.05 in the next twelve months. This suggests a possible upside of 17.5% 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 2024?

Crescent Point Energy's stock was trading at C$9.19 at the beginning of 2024. Since then, CPG shares have increased by 30.1% and is now trading at C$11.96. View the best growth stocks for 2024 here .

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. (TSE:CPG) posted its earnings results on Thursday, February, 29th. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.51 by $0.14. The business earned $1.01 billion during the quarter, compared to analysts' expectations of $1 billion. Crescent Point Energy had a trailing twelve-month return on equity of 11.97% and a net margin of 17.88%.

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 paid a dividend of 0.115 per share on Monday, April 1st. This represents a $0.46 annualized dividend and a dividend yield of 3.85%. The ex-dividend date of this dividend is Thursday, March 14th. This is an increase from the stock's previous quarterly dividend of C$0.02. 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$0.46 per share and currently has a dividend yield of 3.85%. The dividend payout ratio is 31.51%. 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) .

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 .

TSE:CPG

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

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Free CPG Stock Alerts

C$11.96

+0.31 (+2.66%)

(As of 04/19/2024 ET)

Compare

Today's Range: C$11.56
▼
C$12.00
50-Day Range: C$8.58
▼
C$12.15
52-Week Range: C$8.16
▼
C$12.47

Volume: 4.69 million shs
Average Volume: 3.42 million shs
Market Capitalization: C$7.41 billion

P/E Ratio: 8.19
Dividend Yield: 3.85%
Price Target: C$14.05

Stock Analysis Analyst Forecasts Chart Competitors Dividend Earnings Headlines Insider Trades

Get Crescent Point Energy alerts:

Crescent Point Energy MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 17.5% Upside
C$14.05 Price Target
Short Interest: N/A
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.87
Based on 8 Articles This Week
Insider Trading: Acquiring Shares
C$500,486 Bought Last Quarter
Proj. Earnings Growth: N/A

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.

3.77 out of 5 stars

3.5

Analyst's Opinion

Consensus Rating
Crescent Point Energy has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 10 buy ratings, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
Crescent Point Energy has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

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 3.85%, 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 31.51%. 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.

3.8

News and Social Media Coverage

News Sentiment
Crescent Point Energy has a news sentiment score of 0.87. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.49 average news sentiment score of Energy companies.
News Coverage This Week
MarketBeat has tracked 8 news articles for Crescent Point Energy this week, compared to 1 article on an average week.
Search Interest
61 people have searched for CPG on MarketBeat in the last 30 days. This is an increase of 91% compared to the previous 30 days.
MarketBeat Follows
12 people have added Crescent Point Energy to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Crescent Point Energy insiders have bought 22.64% more of their company's stock than they have sold. Specifically, they have bought C$500,486.00 in company stock and sold C$408,100.00 in company stock.
Percentage Held by Insiders
Only 0.23% of the stock of Crescent Point Energy is held by insiders.
Percentage Held by Institutions
47.24% of the stock of Crescent Point Energy is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Crescent Point Energy is 8.19, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 144.43.
Price to Earnings Ratio vs. Sector
The P/E ratio of Crescent Point Energy is 8.19, which means that it is trading at a less expensive P/E ratio than the Energy sector average P/E ratio of about 94.09.
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 1.08. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About Crescent Point Energy Stock (TSE:CPG)

Crescent Point Energy Corp. 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

30 days | 90 days | 365 days | Advanced Chart

CPG Stock News Headlines

April 8, 2024 | insidertrades.com

Mark Gordon Eade Sells 34,497 Shares of Crescent Point Energy Corp. (TSE:CPG) Stock

April 18, 2024 | americanbankingnews.com

Crescent Point Energy (TSE:CPG) Price Target Raised to C$14.00 at Canaccord Genuity Group

April 20, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here

April 17, 2024 | americanbankingnews.com

Crescent Point Energy (TSE:CPG) Price Target Raised to C$14.00 at Jefferies Financial Group

April 14, 2024 | markets.businessinsider.com

Crescent Point Energy (CPG) Receives a Buy from RBC Capital

April 12, 2024 | msn.com

Crescent Point Energy (CPG) Stock Moves -1.13%: What You Should Know

April 11, 2024 | finance.yahoo.com

Crescent Point Energy (TSE:CPG) shareholders have earned a 38% CAGR over the last three years

April 5, 2024 | finance.yahoo.com

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April 20, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

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April 3, 2024 | dallasnews.com

Crescent Point Tower (Renderings)

March 14, 2024 | nasdaq.com

Crescent Point Energy About To Put More Money In Your Pocket (CPG)

March 1, 2024 | finance.yahoo.com

Crescent Point Energy Corp. (NYSE:CPG) Q4 2023 Earnings Call Transcript

February 29, 2024 | msn.com

Crescent Point Energy reports Q4 profit, raises quarterly dividend 15%

February 29, 2024 | theglobeandmail.com

Crescent Point Energy reports fourth-quarter profit, raises quarterly dividend 15%

February 29, 2024 | oilprice.com

Crescent Point Energy Lifts Base Dividend as It Turns Profit for Q4

February 28, 2024 | benzinga.com

Preview: Crescent Point Energy's Earnings

February 24, 2024 | finance.yahoo.com

Crescent Point Energy Corp. (CPG)

February 22, 2024 | finance.yahoo.com

Crescent Point Announces Q4 and Year-End 2023 Results Conference Call

February 20, 2024 | finance.yahoo.com

individual investors who own 54% along with institutions invested in Crescent Point Energy Corp. (TSE:CPG) saw increase in their holdings value last week

February 10, 2024 | wsj.com

Crescent Point Energy Corp.

January 31, 2024 | markets.businessinsider.com

Canadian Stocks Tumble As Fed Comments Dash Rate Cut Hopes

January 25, 2024 | seekingalpha.com

Chevron's Duvernay sale likely to draw mid-sized Canadian shale firms, analysts say

January 25, 2024 | markets.businessinsider.com

RBC Capital Sticks to Its Buy Rating for Crescent Point Energy (CPG)

January 3, 2024 | finance.yahoo.com

Wall Street Analysts Believe Crescent Point (CPG) Could Rally 61.42%: Here's is How to Trade

December 30, 2023 | msn.com

3 Under-the-Radar Stocks Set for a Major Comeback

December 21, 2023 | theglobeandmail.com

Crescent Point completes deal to buy Hammerhead Energy

December 21, 2023 | marketwatch.com

Crescent Point Improvements to Drive Higher Average Output in 2024

See More Headlines

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Company Calendar

Last Earnings: 2/29/2024
Ex-Dividend for 4/1 Dividend: 3/14/2024
Dividend Payable: 4/01/2024
Today: 4/19/2024
Next Earnings (Estimated): 5/10/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: TSE
Sector: Energy
Industry: Oil & Gas E&P
Sub-Industry: N/A
Current Symbol: TSE:CPG
CUSIP: N/A
CIK: N/A
Web: www.crescentpointenergy.com
Phone: +1-403-6930020
Fax: N/A
Employees: 777
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: C$14.05
High Stock Price Target: C$19.00
Low Stock Price Target: C$12.00
Potential Upside/Downside: +17.5%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 10 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$1.46
Trailing P/E Ratio: 8.19
Forward P/E Ratio: 8.36
P/E Growth: -0.59
Net Income: C$799.40 million
Net Margins: 17.88%
Pretax Margin: N/A
Return on Equity: 11.97%
Return on Assets: 6.84%

Debt

Debt-to-Equity Ratio: 54.04
Current Ratio: 0.76
Quick Ratio: 0.49

Sales & Book Value

Annual Sales: C$3.19 billion
Price / Sales: 2.32
Cash Flow: C$0.54 per share
Price / Cash Flow: 22.00
Book Value: C$11.08 per share
Price / Book: 1.08

Miscellaneous

Outstanding Shares: 619,950,000
Free Float: N/A
Market Cap: C$7.41 billion
Optionable: Not Optionable
Beta: 2.86

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Key Executives

Mr. Craig Bryksa (Age 47)
President, CEO & Non-Independent Director
Comp: $1.7M
Mr. Kenneth R. Lamont B.Com. (Age 65)
BComm., C.A., Chief Financial Officer
Comp: $1.12M
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

Key Competitors

View All Competitors

Insiders

View All Insider Transactions

CPG Stock Analysis - Frequently Asked Questions

Should I buy or sell Crescent Point Energy stock right now?: 10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Crescent Point Energy in the last twelve months. There are currently 10 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.
What is Crescent Point Energy's stock price target for 2024?: 10 brokers have issued 1 year price objectives for Crescent Point Energy's shares. Their CPG share price targets range from C$12.00 to C$19.00. On average, they predict the company's share price to reach C$14.05 in the next twelve months. This suggests a possible upside of 17.5% 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 2024?: Crescent Point Energy's stock was trading at C$9.19 at the beginning of 2024. Since then, CPG shares have increased by 30.1% and is now trading at C$11.96.
View the best growth stocks for 2024 here.
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. (TSE:CPG) posted its earnings results on Thursday, February, 29th. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.51 by $0.14. The business earned $1.01 billion during the quarter, compared to analysts' expectations of $1 billion. Crescent Point Energy had a trailing twelve-month return on equity of 11.97% and a net margin of 17.88%.

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 paid a dividend of 0.115 per share on Monday, April 1st. This represents a $0.46 annualized dividend and a dividend yield of 3.85%. The ex-dividend date of this dividend is Thursday, March 14th. This is an increase from the stock's previous quarterly dividend of C$0.02.
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$0.46 per share and currently has a dividend yield of 3.85%. The dividend payout ratio is 31.51%. 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).
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.

This page (TSE:CPG) was last updated on 4/20/2024 by MarketBeat.com Staff

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

Crescent Point Energy MarketRank™ Stock Analysis

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

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Crescent Point Energy Stock (TSE:CPG)

CPG Stock Price History

CPG Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

CPG Stock Analysis - Frequently Asked Questions

Overall MarketRank^™