CPG Stock Recent News

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

The mean of analysts' price targets for Crescent Point (CPG) points to a 25.6% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

The shift in name marks a milestone in Crescent Point Energy's (CPG) journey toward a more focused and sustainable business model.

Here is how Crescent Point Energy (CPG) and Saipem (SAPMF) have performed compared to their sector so far this year.

Crescent Point came through a transition resulting in 20+ years of drilling inventory but higher debt. The company generates a high excess cash flow yielding 13% for 2024 while growing fast and repaying its debt. The production profile is becoming gassier with higher decline rates.

Lower price realizations and an upward cost trajectory are likely to have dented Crescent Point Energy's (CPG) fourth-quarter results.

Crescent Point Energy's share price has fallen significantly since 2014, causing caution among investors. The company's acquisition of Montney lands from Spartan Delta last May raised concerns about excess debt. My current analysis suggests that Crescent Point's shares are undervalued, with a potential value of CDN$18.

CALGARY, AB , Feb. 22, 2024 /PRNewswire/ - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX: CPG) (NYSE: CPG) plans to report its fourth quarter and year-end 2023 financial and operating results via press release prior to the opening of markets on Thursday, February 29, 2024. Crescent Point's management will hold a conference call at 10:00 a.m.

We had Crescent Point Energy Corp. downgraded to "Hold" due to the expected drop in free cash flow yields and poor capital transactions. The stock has dropped significantly, lagging behind the broader market and Canadian energy ETFs. The gassy acquisition will be regretted in 2024 as the front-end AECO strip gets obliterated.

Crescent Point Energy management completed the Hammerhead acquisition to improve company finances and grow more cheaply than organic growth. The value of 2P reserves comes for free. Crescent Point Energy faced financial stress due to debt and drop in cash flow when oil prices dropped back in 2015. It's now a far better company. Management is prioritizing debt payment and making accretive acquisitions like the Hammerhead acquisition to improve the company's financial situation and future prospects.