CPG - Crescent Point Energy Corp.

NYSE - NYSE Delayed price. Currency in USD
1.0100
+0.1081 (+11.99%)
At close: 4:02PM EDT
Stock chart is not supported by your current browser
Previous close0.9019
Open1.0600
Bid0.9600 x 2200
Ask0.9950 x 2200
Day's range0.8850 - 1.1600
52-week range0.5100 - 4.8400
Volume6,824,730
Avg. volume2,635,442
Market cap532.881M
Beta (5Y monthly)1.82
PE ratio (TTM)N/A
EPS (TTM)-0.3910
Earnings dateN/A
Forward dividend & yield0.03 (3.97%)
Ex-dividend date11 Mar 2020
1y target est8.85
  • Biggest Drop Since ‘87 Crash: $218 Billion Lost in Canada Stocks
    Bloomberg

    Biggest Drop Since ‘87 Crash: $218 Billion Lost in Canada Stocks

    (Bloomberg) -- Canadian markets were battered on all fronts as the collapse in oil sent shockwaves through a country with one of the biggest exposures to the commodity among the Group of Seven.The S&P/TSX Composite Index plunged 10.3%, wiping out $218 billion in market value in the biggest one-day drop since 1987. The loonie also slumped and government bond yields plunged to fresh record lows as investor pessimism deepened for an economy that barely eked out any growth in the fourth quarter and is already grappling with the coronavirus.Oil and gas stocks plummeted with Meg Energy Corp. tumbling 56%, Cenovus Energy Inc. dropping 52% and Crescent Point Energy Corp. slipping 43%. Only one stock was in the green -- Dollarama Inc., which gained 1.7%.The slump in oil will exact another heavy toll on the natural resource-dependent country, which generates about 9% of its gross domestic product from energy and has the biggest exposure to the sector on its stock market at 15%.“The oil price crash will do irreparable damage to the Canadian economy and stock market,” said Ed Moya, a senior market analyst at Oanda Corp. in New York. “Canadians will have to brace for lower prices for the foreseeable future and the oil sector will have to consolidate. Even when virus fears ease, the oil-dependent Canadian economy snapback rally will lag their peers,” he said.The loonie weakened by about 1.9% against the greenback as of 4:14 p.m., the most since June 2016. West Texas Intermediate, the North American benchmark, was down 25%, the biggest descent since 1991, after tumbling as much as 34%.“The Canadian dollar is embattled with risks to already weak economic growth coming from all angles,” Simon Harvey a London-based market analyst at Monex Europe Ltd. and Monex Canada Inc., said by email. “Markets are coming to the realization that rate cuts by the Bank of Canada will soon lose their effectiveness on supporting the economy, especially with the latest risk of a lower oil price for longer.”Further FallsHarvey sees the loonie falling further away from the C$1.30 area if the oil-price rout is sustained while Bipan Rai, North American head of FX strategy at Canadian Imperial Bank of Commerce expects the C$1.40 to breached in the the next two quarters.The loonie “needs to weaken further given the high degree of oil exports as a percentage of Canada’s goods exports,” Rai said. U.S. dollar “bulls may require some patience as price action is overbought, but ‘buy the dip’ is still the right strategy for” the dollar-loonie currency pair.With the Canadian dollar’s correlation to oil prices, it’s bound to keep weakening.“The currencies of any country for which the oil sector is a significant growth generator are having an awful day and won’t stabilize until oil finds a bottom,” said Kit Juckes, a strategist at Societe Generale SA, said in an email Monday.The loonie “is likely to underperform the Australia and New Zealand dollars for example, as long as oil prices are falling.”The yield on Canada’s 10-year benchmark fell to as low as 0.225% on Monday and the five-year note hit 0.276%, according to Bloomberg data. Traders are now betting on the Bank of Canada, which last week lowered its policy rate to 1.25%, to cut another 50 basis points by its next scheduled meeting in April and another 25 basis points by July.(Updates throughout with stock market close, market prices.)To contact the reporters on this story: Jacqueline Thorpe in Toronto at jthorpe23@bloomberg.net;Divya Balji in Toronto at dbalji1@bloomberg.net;Susanne Barton in New York at swalker33@bloomberg.netTo contact the editors responsible for this story: Derek Decloet at ddecloet@bloomberg.net, Jacqueline ThorpeFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • It Might Not Be A Great Idea To Buy Crescent Point Energy Corp. (TSE:CPG) For Its Next Dividend
    Simply Wall St.

    It Might Not Be A Great Idea To Buy Crescent Point Energy Corp. (TSE:CPG) For Its Next Dividend

    Regular readers will know that we love our dividends at Simply Wall St, which is why it's exciting to see Crescent...

  • Crescent Point Energy (CPG) Q4 Earnings Meet Estimates
    Zacks

    Crescent Point Energy (CPG) Q4 Earnings Meet Estimates

    Crescent Point (CPG) delivered earnings and revenue surprises of 0.00% and -4.57%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?

  • Crescent Point Energy (CPG) Earnings Expected to Grow: Should You Buy?
    Zacks

    Crescent Point Energy (CPG) Earnings Expected to Grow: Should You Buy?

    Crescent Point (CPG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • Outlook for Oil & Gas Canadian E&P Industry Remains Bright
    Zacks

    Outlook for Oil & Gas Canadian E&P Industry Remains Bright

    Outlook for Oil & Gas Canadian E&P; Industry Remains Bright

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

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

    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.

  • Should Value Investors Buy Crescent Point Energy (CPG) Stock?
    Zacks

    Should Value Investors Buy Crescent Point Energy (CPG) Stock?

    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.

  • Did Changing Sentiment Drive Crescent Point Energy's (TSE:CPG) Share Price Down A Painful 79%?
    Simply Wall St.

    Did Changing Sentiment Drive Crescent Point Energy's (TSE:CPG) Share Price Down A Painful 79%?

    While it may not be enough for some shareholders, we think it is good to see the Crescent Point Energy Corp. (TSE:CPG...

  • Does Crescent Point Energy (TSE:CPG) Have A Healthy Balance Sheet?
    Simply Wall St.

    Does Crescent Point Energy (TSE:CPG) Have A Healthy Balance Sheet?

    Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

  • Encana (ECA) Catches Eye: Stock Jumps 5.9%
    Zacks

    Encana (ECA) Catches Eye: Stock Jumps 5.9%

    Encana (ECA) saw a big move last session, as its shares jumped nearly 6% on the day, amid huge volumes.

  • Zacks

    ExxonMobil (XOM) Earnings Beat in Q3 on High Permian Volumes

    Ramped-up liquid volumes in the prolific Permian Basin aid ExxonMobil's (XOM) Q3 earnings, partially offset by soft fuel margins.

  • Cenovus (CVE) Q3 Earnings Beat Estimates, Revenues Miss
    Zacks

    Cenovus (CVE) Q3 Earnings Beat Estimates, Revenues Miss

    Higher realized crude price from oil sands operations backs Cenovus' (CVE) Q3 numbers.

  • Crescent Point Energy (CPG) Q3 Earnings and Revenues Miss Estimates
    Zacks

    Crescent Point Energy (CPG) Q3 Earnings and Revenues Miss Estimates

    Crescent Point (CPG) delivered earnings and revenue surprises of -50.00% and -3.37%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

  • Is Crescent Point Energy (CPG) Stock Outpacing Its Oils-Energy Peers This Year?
    Zacks

    Is Crescent Point Energy (CPG) Stock Outpacing Its Oils-Energy Peers This Year?

    Is (CPG) Outperforming Other Oils-Energy Stocks This Year?

  • Phillips 66 Partners (PSXP) Earnings Miss Estimates in Q3
    Zacks

    Phillips 66 Partners (PSXP) Earnings Miss Estimates in Q3

    A decline in transported crude oil volumes hurts Phillips 66 Partners' (PSXP) Q3 earnings.

  • Baker Hughes (BKR) Q3 Earnings Miss Estimates, Orders Rise
    Zacks

    Baker Hughes (BKR) Q3 Earnings Miss Estimates, Orders Rise

    Contributions from oilfield service businesses in the Middle East, Asia Pacific and Europe favor Baker Hughes' (BKR) year-over-year earnings growth in Q3.

  • Zacks

    Concho (CXO) Q3 Earnings Miss on Weak Prices, Revenue Tops

    Concho Resources' (CXO) average quarterly production of 329,803 barrels of oil equivalent per day (Boe/d) surpassed the Zacks Consensus Estimate of 323,541 Boe/d.

  • Crescent Point (CPG) to Report Q3 Earnings: What to Expect?
    Zacks

    Crescent Point (CPG) to Report Q3 Earnings: What to Expect?

    Improving cost structure is likely to have boosted Crescent Point Energy (CPG) in Q3. However, lower production and realized commodity prices are expected to have hurt its bottom line.

  • BP Q3 Earnings Trump Estimates on Key Upstream Projects
    Zacks

    BP Q3 Earnings Trump Estimates on Key Upstream Projects

    Oil equivalent volumes from key upstream projects contribute to BP's Q3 earnings.

  • Are Investors Undervaluing Crescent Point Energy (CPG) Right Now?
    Zacks

    Are Investors Undervaluing Crescent Point Energy (CPG) Right Now?

    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.

  • Phillips 66 (PSX) Q3 Earnings Beat, Revenues Miss Estimates
    Zacks

    Phillips 66 (PSX) Q3 Earnings Beat, Revenues Miss Estimates

    Contributions from transportation and NGL businesses aid Phillips 66's (PSX) Q3 earnings.

  • RPC (RES) Q3 Earnings Miss on Low Pressure Pumping Activities
    Zacks

    RPC (RES) Q3 Earnings Miss on Low Pressure Pumping Activities

    A slowdown in drilling activities in U.S. resources and persistent weakness in crude prices hurt RPC's (RES) Q3 earnings.

  • Analysts Estimate Crescent Point Energy (CPG) to Report a Decline in Earnings: What to Look Out for
    Zacks

    Analysts Estimate Crescent Point Energy (CPG) to Report a Decline in Earnings: What to Look Out for

    Crescent Point (CPG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • Range (RRC) Boosts Financial Strength, To Repurchase Shares
    Zacks

    Range (RRC) Boosts Financial Strength, To Repurchase Shares

    Range Resources (RRC) announces asset divestment worth $1.1 billion for the past year.

  • Schlumberger (SLB) Beats Q3 Earnings & Revenue Estimates
    Zacks

    Schlumberger (SLB) Beats Q3 Earnings & Revenue Estimates

    Higher wireline activities in Russia and Australia contribute to Schlumberger's (SLB) better-than-expected Q3 earnings.

By using Yahoo, you agree that we and our partners can use cookies for purposes such as customising content and advertising. See our Privacy Policy to learn more