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

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 .

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

3 equities 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 anticipate the company's stock price to reach $13.75 in the next year. This suggests a possible upside of 61.5% 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 $6.93 at the beginning of 2024. Since then, CPG shares have increased by 22.9% and is now trading at $8.5150. View the best growth stocks for 2024 here .

Are investors shorting Crescent Point Energy?

Crescent Point Energy saw a decline in short interest in 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 trading volume, of 5,810,000 shares, the days-to-cover ratio is currently 2.6 days. Currently, 2.6% of the company's stock are short sold. 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) released its quarterly earnings data on Thursday, February, 29th. The oil and gas producer reported $0.27 earnings per share (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 analyst estimates of $752.25 million. Crescent Point Energy had a net margin of 15.40% and a trailing twelve-month return on equity of 13.27%.

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 Thursday, February 29th. Shareholders 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 4.04%. The ex-dividend date of this dividend is Thursday, March 14th. This is a boost 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 3.86%. 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 Virtus Real Asset Income ETF (VRAI) , Dimensional International Small Cap Value ETF (DISV) , iShares International Small Cap Equity Factor ETF (ISCF) and Schwab International Small-Cap Equity ETF (SCHC) . Avantis International Small Cap Equity ETF (AVDS) .

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 many different institutional and retail investors. Top institutional investors include DGS Capital Management LLC (0.01%).

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 .

NYSE:CPG

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

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Free CPG Stock Alerts

$8.52

-0.25 (-2.85%)

(As of 04/15/2024 ET)

Compare

Today's Range: $8.50
▼
$8.85
50-Day Range: $6.26
▼
$8.87
52-Week Range: $6.03
▼
$9.07

Volume: 6.93 million shs
Average Volume: 5.90 million shs
Market Capitalization: $5.27 billion

P/E Ratio: 12.16
Dividend Yield: 3.99%
Price Target: $13.75

Get Crescent Point Energy alerts:

Crescent Point Energy MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 61.5% Upside
$13.75 Price Target
Short Interest: Healthy
2.60% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.80
Based on 5 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 4.92%
From $1.22 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.

4.36 out of 5 stars

Oils/Energy Sector

34th out of 242 stocks

Crude Petroleum & Natural Gas Industry

14th out of 77 stocks

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 3 buy ratings, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
Crescent Point Energy has received no research coverage in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
2.60% of the float of Crescent Point Energy has been sold short.
Short Interest Ratio / Days to Cover
Crescent Point Energy has a short interest ratio ("days to cover") of 2.6, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Crescent Point Energy has recently decreased by 29.05%, indicating that investor sentiment is improving significantly.

3.3

Dividend Strength

Dividend Leadership
Crescent Point Energy is a leading dividend payer. It pays a dividend yield of 3.86%, 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 48.57%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Crescent Point Energy will have a dividend payout ratio of 26.56% next year. This indicates that Crescent Point Energy will be able to sustain or increase its dividend.

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 0.80. 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 0.57 average news sentiment score of Oils/Energy companies.
News Coverage This Week
MarketBeat has tracked 5 news articles for Crescent Point Energy this week, compared to 3 articles on an average week.
Search Interest
61 people have searched for CPG on MarketBeat in the last 30 days. This is an increase of 85% compared to the previous 30 days.
MarketBeat Follows
14 people have added Crescent Point Energy to their MarketBeat watchlist in the last 30 days. This is an increase of 133% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Crescent Point Energy insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.30% of the stock of Crescent Point Energy is held by insiders.
Percentage Held by Institutions
49.37% 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.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Crescent Point Energy are expected to grow by 4.92% in the coming year, from $1.22 to $1.28 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Crescent Point Energy is 12.16, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 142.33.
Price to Earnings Ratio vs. Sector
The P/E ratio of Crescent Point Energy is 12.16, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 16.15.
Price to Book Value per Share Ratio
Crescent Point Energy has a P/B Ratio of 1.04. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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About Crescent Point Energy Stock (NYSE: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 13, 2024 | americanbankingnews.com

Crescent Point Energy (NYSE:CPG) Sees Strong Trading Volume

April 11, 2024 | americanbankingnews.com

Crescent Point Energy (NYSE:CPG) Hits New 12-Month High at $8.90

April 16, 2024 | InvestorPlace (Ad)

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April 2, 2024 | investorplace.com

7 Under-$10 Dividend Stocks Put on Your Radar in April

April 2, 2024 | msn.com

‘It’s the centerpiece of Uptown’: The Crescent to add residential component

March 26, 2024 | finance.yahoo.com

Crescent Point Energy Insiders Added CA$1.01m Of Stock To Their Holdings

March 26, 2024 | finance.yahoo.com

Is Crescent Point Energy (CPG) Stock Undervalued Right Now?

March 24, 2024 | msn.com

Varcoe: Fine art of the name-change game as Crescent Point to become Veren

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March 21, 2024 | finanznachrichten.de

Crescent Point Energy Corp.: Crescent Point Plans Name Change to Veren

March 21, 2024 | markets.businessinsider.com

Stifel Nicolaus Reaffirms Their Buy Rating on Crescent Point Energy (CPG)

March 21, 2024 | finance.yahoo.com

Crescent Point Energy to Rebrand as Veren Inc.

March 20, 2024 | financialpost.com

Crescent Point is changing its name after CEO's overhaul

March 20, 2024 | msn.com

Crescent Point Energy Corp. plans to change company name to Veren Inc.

March 20, 2024 | seekingalpha.com

CPG:CA Crescent Point Energy Corp.

March 17, 2024 | investorplace.com

Low-Priced, High-Potential: 7 Cheap Stocks Under $10 to Try Your Luck With

March 16, 2024 | ca.finance.yahoo.com

CPG Apr 2024 12.500 call

March 9, 2024 | finance.yahoo.com

Is It Smart To Buy Crescent Point Energy Corp. (TSE:CPG) Before It Goes Ex-Dividend?

March 7, 2024 | prnewswire.com

Crescent Point Receives Approval for Normal Course Issuer Bid

March 5, 2024 | investorplace.com

7 Cheap Dividend Stocks to Grab for Under $20 This March

March 5, 2024 | seekingalpha.com

Crescent Point Energy Is Shifting From Transition To Growth

March 3, 2024 | finance.yahoo.com

Crescent Point Energy (TSE:CPG) Is Increasing Its Dividend To CA$0.115

March 2, 2024 | finance.yahoo.com

Crescent Point Energy Full Year 2023 Earnings: Beats Expectations

March 2, 2024 | seekingalpha.com

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

February 29, 2024 | prnewswire.com

Crescent Point Announces Filing of 2023 Annual Information Form and Form 40-F

February 29, 2024 | prnewswire.com

Crescent Point Announces 2023 Results & Reserves

February 29, 2024 | prnewswire.com

Crescent Point Confirms Quarterly Dividend

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: 4/16/2024
Next Earnings (Estimated): 5/10/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Oils/Energy
Industry: Crude petroleum & natural gas
Sub-Industry: N/A
Current Symbol: NYSE:CPG
CUSIP: N/A
CIK: 1545851
Web: www.crescentpointenergy.com
Phone: (403) 693-0020
Fax: 403-693-0070
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: +61.5%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.70
Trailing P/E Ratio: 12.16
Forward P/E Ratio: 6.98
P/E Growth: N/A
Net Income: $422.48 million
Net Margins: 15.40%
Pretax Margin: 33.01%
Return on Equity: 13.27%
Return on Assets: 7.78%

Debt

Debt-to-Equity Ratio: 0.46
Current Ratio: 0.76
Quick Ratio: 0.76

Sales & Book Value

Annual Sales: $2.59 billion
Price / Sales: 2.04
Cash Flow: $2.16 per share
Price / Cash Flow: 3.95
Book Value: $8.20 per share
Price / Book: 1.04

Miscellaneous

Outstanding Shares: 619,490,000
Free Float: 617,631,000
Market Cap: $5.27 billion
Optionable: Optionable
Beta: 2.23

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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: $828.05k
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

Institutional Ownership

View All Institutional Transactions

CPG Stock Analysis - Frequently Asked Questions

Should I buy or sell Crescent Point Energy stock right now?: 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.
What is Crescent Point Energy's stock price target for 2024?: 3 equities 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 anticipate the company's stock price to reach $13.75 in the next year. This suggests a possible upside of 61.5% 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 $6.93 at the beginning of 2024. Since then, CPG shares have increased by 22.9% and is now trading at $8.5150.
View the best growth stocks for 2024 here.
Are investors shorting Crescent Point Energy?: Crescent Point Energy saw a decline in short interest in 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 trading volume, of 5,810,000 shares, the days-to-cover ratio is currently 2.6 days. Currently, 2.6% of the company's stock are short sold.
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) released its quarterly earnings data on Thursday, February, 29th. The oil and gas producer reported $0.27 earnings per share (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 analyst estimates of $752.25 million. Crescent Point Energy had a net margin of 15.40% and a trailing twelve-month return on equity of 13.27%.
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 Thursday, February 29th. Shareholders 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 4.04%. The ex-dividend date of this dividend is Thursday, March 14th. This is a boost 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 3.86%. 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 Virtus Real Asset Income ETF (VRAI), Dimensional International Small Cap Value ETF (DISV), iShares International Small Cap Equity Factor ETF (ISCF) and Schwab International Small-Cap Equity ETF (SCHC).Avantis International Small Cap Equity ETF (AVDS).
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 many different institutional and retail investors. Top institutional investors include DGS Capital Management LLC (0.01%).
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 4/16/2024 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

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

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 (NYSE: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

Institutional Ownership

CPG Stock Analysis - Frequently Asked Questions

Overall MarketRank^™