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.

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.

Crescent Point Energy Corp. is to pay out a 4.3% dividend yield to investors who hold the stock as of 10 March. If oil prices average $75 WTI, Crescent Point stock is priced at 5x free cash flow.

Oil prices decreased in the past few months. However, they are higher than the 5-year average. Crescent Point's new Kaybob Duvernay assets will increase its oil production by more than 4,000 BOE/d in 2023.

CPG is paying 50% of Excess Cash to shareholders, and that's growing. CPG has cleaned up its balance sheet and has made smart acquisitions which are already paying dividends.