CPG Stock Recent News

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.

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.

Crescent Point (CPG) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

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

When the Federal Reserve raised interest rates again by 25 basis points, investors seeking stable holdings needed to consider income stocks to buy. The Fed's benchmark rate is rising to a range of between 4.75% and 5.0%.

Crescent Point Energy Corp (TSX:CPG) has announced plans to buy Spartan Delta Corp's oil and gas assets in the Montney region of Alberta for C$1.7 billion (US$1.24 billion). Calgary-based Crescent Point said its 600 new Montney locations are adjacent to the Kaybob Duvernay assets that it bought over the past two years.

Is Crescent Point Energy (CPG) a great pick from the value investor's perspective right now? Read on to know more.

Crescent Point Energy benefited immensely during 2022 thanks to the booming oil and gas prices. This saw them deleverage significantly and also start directing more cash toward shareholder returns.