Related posts

Most Anticipated Earnings: BLDP-T, BOS-T and more Canadian Companies Reporting Earnings this Week (May 06-10)Inflation data lifts Wall StreetTech leads rebound, Boeing slides
Investor Insights

This summary was created by AI, based on 2 opinions in the last 12 months.

Crescent Point Energy Corp (CPG-T) has recently garnered attention for its transformation into a more focused and economically viable company. Analysts note that the company has moved away from acquiring low-quality wells and is now strategically investing in high-potential drilling inventories, particularly in the Montney and Duvernay regions. This shift, combined with a conservative and respected board, positions the company for significant growth. The forecast projects a promising free cash flow, with a return to shareholders expected to rise to 80% within a year. Despite recent resistance levels in share price, experts remain optimistic, suggesting a target price around $20, which surpasses the analysts’ consensus price target of $14.63.

Consensus
Positive
Valuation
Undervalued
BUY ON WEAKNESS

Great company. Looking at the chart, big wall of resistance it just couldn't get through. Then it broke out. If you own it, hold. If it pulls back to the neckline, he'd be all over it.

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)
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)
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).

BUY

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

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.

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.

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. 

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. 

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.

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.

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,.

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)
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.

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.

Showing 1 to 15 of 1,409 entries

Crescent Point Energy Corp(CPG-T) Rating

Ranking : 3 out of 5

Star iconStar iconStar iconStar empty iconStar empty icon

Bullish - Buy Signals / Votes : 1

Neutral - Hold Signals / Votes : 1

Bearish - Sell Signals / Votes : 1

Total Signals / Votes : 3

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 OTC stock, trading under the symbol CPG-T on the (). It is usually referred to as or CPG-T

Is Crescent Point Energy Corp a buy or a sell?

In the last year, 3 stock analysts published opinions about CPG-T. 1 analyst 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?

3 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 , Crescent Point Energy Corp (CPG-T) stock closed at a price of $.