CPG - Crescent Point Energy Corp.
| Previous close | 0.9019 |
| Open | 1.0600 |
| Bid | 0.9600 x 2200 |
| Ask | 0.9950 x 2200 |
| Day's range | 0.8850 - 1.1600 |
| 52-week range | 0.5100 - 4.8400 |
| Volume | 6,824,730 |
| Avg. volume | 2,635,442 |
| Market cap | 532.881M |
| Beta (5Y monthly) | 1.82 |
| PE ratio (TTM) | N/A |
| EPS (TTM) | -0.3910 |
| Earnings date | N/A |
| Forward dividend & yield | 0.03 (3.97%) |
| Ex-dividend date | 11 Mar 2020 |
| 1y target est | 8.85 |
- 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.
- 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...
- 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?
- 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.
- Zacks
Outlook for Oil & Gas Canadian E&P Industry Remains Bright
Outlook for Oil & Gas Canadian E&P; Industry Remains Bright
- 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.
- 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.
- 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...
- 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...
- 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.
- Zacks
Cenovus (CVE) Q3 Earnings Beat Estimates, Revenues Miss
Higher realized crude price from oil sands operations backs Cenovus' (CVE) Q3 numbers.
- 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?
- Zacks
Is Crescent Point Energy (CPG) Stock Outpacing Its Oils-Energy Peers This Year?
Is (CPG) Outperforming Other Oils-Energy Stocks This Year?
- Zacks
Phillips 66 Partners (PSXP) Earnings Miss Estimates in Q3
A decline in transported crude oil volumes hurts Phillips 66 Partners' (PSXP) Q3 earnings.
- 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.
- 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.
- Zacks
BP Q3 Earnings Trump Estimates on Key Upstream Projects
Oil equivalent volumes from key upstream projects contribute to BP's Q3 earnings.
- 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.
- Zacks
Phillips 66 (PSX) Q3 Earnings Beat, Revenues Miss Estimates
Contributions from transportation and NGL businesses aid Phillips 66's (PSX) Q3 earnings.
- 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.
- 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.
- Zacks
Range (RRC) Boosts Financial Strength, To Repurchase Shares
Range Resources (RRC) announces asset divestment worth $1.1 billion for the past year.
- 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.
