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Investor Insights

This summary was created by AI, based on 33 opinions in the last 12 months.

Crescent Point Energy Corp (CPG-T) is undergoing a significant repositioning into the Duvernay and Montney regions, with a strong management team actively working to drill some of the best wells ever. There is a lot of optimism regarding the company's potential to deliver strong returns to investors and it is perceived as being undervalued in the market. The company has also made efforts to pay down debt and is actively buying back shares, signaling a positive future outlook. Overall, despite short-term fluctuations, experts believe that CPG has strong potential for long-term growth and profitability.

Consensus
Bullish
Valuation
Undervalued
TOP PICK

The CPG today is not the CPG of old. It used to have a lot of low-grade wells and bought a lot of companies. Now, they have a serious drilling inventory in the Montney and Duvernay, economic ones in the latter. The board is now conservative and respected. they have more than enough . He projects 3.5x free cash flow inventory, 60% returns to shareholders and the rest to the bank to pay off purchases. In a year or so, that ratio should be 80/20. Meanwhile, are buying back shares and continue drilling profitable wells. He targets around $20. It ticks all the boxes.

(Analysts’ price target is $14.63)
oil / gas
TOP PICK

Very misunderstood and still perceived as management drilling 100 barrel per day wells in SE Saskatchewan. Rather, a lot has changed, repositioned into the Duvernay and Montney regions with two decades of high-quality inventory now, drilling some of the best wells ever. They will return 60% of their free cash flow to investors and are actively buying back shares. Are paying down debt more next year. He targets $19.28. Lots of upside.

(Analysts’ price target is $13.46)
oil / gas
COMMENT

He sold it recently to buy Meg Energy, which holds more opportunity given its new pipeline. No reason to sell CPG unless you switch to something else. His outlook for Canadian energy is bullish (when new pipelines are completed).

oil / gas
BUY

Names to look at in the oil space, offering more torque or upside to the price of oil.

oil / gas
TRADE

Support around $8.50-9, bouncing off. Resistance around $11, seems to be heading that way. Once it hits $11, we'll have to see. Chart shows a good trade for now.

oil / gas
BUY

Its base is $8, but he expects it break out above $11 to $12.00-12.50. There's an uptrend that suggest a longer-term buy. He expects higher energy prices and more M&A activity in energy.

oil / gas
BUY

Recent M&A not being rewarded by market. Investors would rather return of capital, rather than buying new assets. Out of favor stock. OVerall, demand for energy rising. Strong business with good management team. Current share price very cheap. Good for long term investors who are patient. Generating strong cash flow, with ability to pay down debt. 

oil / gas
PARTIAL BUY

Overall - energy stocks attractive. M&A not being favored by the markets. Advise investors to wait 3-4 years before proving out recent acquisitions. Company cheap on an objective stance. Does not own shares. 

oil / gas
HOLD

Volatile sector. Energy is #18 of 18 short term, #8 long term. Lots of undervaluation in the sector. Decent dividend. Stable chart. Plays into the slower-paced move to sustainable energy, creating a bid under the energy sector.

oil / gas
DON'T BUY

Their recent acquisition could be synergistic. Is bullish energy, but CPG isn't on his radar. Can't find a reason to buy it.

oil / gas
COMMENT

It has had a recent drop with the acquisition. The basing pattern interests him especially if the dividend holds, but he prefers Pembina Pipelines and others in this space,.

oil / gas
TOP PICK

Hammerhead was a good deal, horrific timing with oil falling overnight. Deal is 11% accretive on free cashflow per share, extended premium inventory life from 15 years to 20. He sees 75% potential upside at $80 oil. Yield is 4.21%.

He's pro-M&A, if it allows a company to pay shareholders more. CEO promised him last week that the company "is done" with M&A. 

(Analysts’ price target is $14.77)
oil / gas
premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
(A Top Pick Oct 24/23, Down 13.7%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with CPG has triggered its stop at $9.50.  To remain disciplined, we recommend covering the position at this time.  This will result in a net investment loss of 1%, when combined with our previous recommendations.

oil / gas
WATCH

Never a good sign when your stock issue gets hung up. Timing wasn't ideal, with weaker sentiment on oil below $80. New concerns about acquisition binges. Special dividend was a "teaser". On the sidelines, due to short-term indigestion on the acquisition. May need dispositions to bring debt back down.

oil / gas
TOP PICK

Expecting 100% upside at current share price. Transitioned from SE Saskatchewan to Montney play in BC (decades of inventory). Largest active shareholder in company. Trading under 3x cash flow given $80 oil price. New frac technique allowing for large increase of production from oil wells. Expecting ~$21 share price.
 

oil / gas
Showing 1 to 15 of 1,408 entries

Crescent Point Energy Corp(CPG-T) Rating

Ranking : 5 out of 5

Bullish - Buy Signals / Votes : 17

Neutral - Hold Signals / Votes : 2

Bearish - Sell Signals / Votes : 1

Total Signals / Votes : 20

Stockchase rating for Crescent Point Energy Corp is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Crescent Point Energy Corp(CPG-T) Frequently Asked Questions

What is Crescent Point Energy Corp stock symbol?

Crescent Point Energy Corp is a Canadian stock, trading under the symbol CPG-T on the Toronto Stock Exchange (CPG-CT). It is usually referred to as TSX:CPG or CPG-T

Is Crescent Point Energy Corp a buy or a sell?

In the last year, 20 stock analysts published opinions about CPG-T. 17 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Crescent Point Energy Corp.

Is Crescent Point Energy Corp a good investment or a top pick?

Crescent Point Energy Corp was recommended as a Top Pick by on . Read the latest stock experts ratings for Crescent Point Energy Corp.

Why is Crescent Point Energy Corp stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Crescent Point Energy Corp worth watching?

20 stock analysts on Stockchase covered Crescent Point Energy Corp In the last year. It is a trending stock that is worth watching.

What is Crescent Point Energy Corp stock price?

On 2024-04-24, Crescent Point Energy Corp (CPG-T) stock closed at a price of $12.14.