CPG Stock Recent News

Crescent Point Energy Corp. has announced the disposition of its U.S. operations, focusing solely on Canadian operations. The company's reduced debt allows it to wait for a cyclical recovery in the industry before resuming drilling and completion activities. The company's strong balance sheet and optimization efforts are expected to increase profitability and lower the breakeven point over time.

Crescent Point Energy said on Thursday it will sell its North Dakota assets to a private operator for $500 million in cash, as the Canadian oil and gas producer looks to repay its debt.

Crescent Point Energy (CPG) came out with quarterly earnings of $0.28 per share, missing the Zacks Consensus Estimate of $0.30 per share. This compares to earnings of $0.37 per share a year ago.

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

CALGARY, AB , July 19, 2023 /PRNewswire/ - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX: CPG) (NYSE: CPG) plans to report its second quarter 2023 financial and operating results via press release prior to the opening of markets on Wednesday, July 26, 2023. Crescent Point's management will hold a conference call at 10:00 a.m.

PFLT, CPG and MCD made it to the Zacks Rank #1 (Strong Buy) income stocks list on May 25, 2023.

MBGAF, CPG and UFPI made it to the Zacks Rank #1 (Strong Buy) value stocks list on May 23, 2023.

Crescent Point Energy will acquire Spartan Delta acreage in the Kaybob Duvernay. This management has turned an overleveraged company into a conservatively run juggernaut.

Crescent Point Energy (CPG) came out with quarterly earnings of $0.30 per share, beating the Zacks Consensus Estimate of $0.27 per share. This compares to earnings of $0.32 per share a year ago.

Crescent Point (NYSE: CPG ) reported results for the first quarter of 2023. Crescent Point reported earnings per share of 30 cents, matching the analyst estimate for EPS of 30 cents.