Streetbeat News

CPG

Veren Inc.

http://www.crescentpointenergy.com/

CEO

Craig Stephen Bryksa

Employees

2,021

Industry

Crude Petroleum Extraction

Crescent Point Energy Corp. is an oil and gas company based in Calgary, Alberta, Canada. The company focuses primarily on light oil production in southern Saskatchewan and central Alberta. Since inception in 2001, Crescent Point has significantly increased its production.

Open

8.57

Mkt cap

5.3B

Volume

4.3M

High

8.66

P/E Ratio

23.86

52-wk high

9.28

Low

8.52

Div yield

0.03

52-wk low

6.03

Crescent Point Energy projects its FY24 capital expenditures to be between $1.4B and $1.5B. The company anticipates this program will generate excess cash flow ranging from $750M to $950M.

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 2:09 pm

Hammerhead Energy Inc. has received approval from its shareholders and the court for a plan of arrangement with Crescent Point Energy Corp. Under the arrangement, Crescent Point will acquire all issued and outstanding shares of Hammerhead, making it a wholly owned subsidiary. Shareholders will receive $15.50 in cash and 0.5340 of a Crescent Point common share for each Hammerhead share they hold.

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 6:03 am

Crescent Point Energy has announced the acquisition of Hammerhead Energy, which has led to a decrease in Crescent Point Energy's share price.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 5:18 pm

Hammerhead Energy has agreed to be acquired by Crescent Point Energy for a total consideration of C$21.00 per share. Each Hammerhead share will be exchanged for C$15.50 in cash and C$5.50 in Crescent Point common shares.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 9:24 pm

Crescent Point Energy reported Q3 earnings of $0.44 per share, beating the analyst consensus estimate of $0.33 by 33.33%. However, the company's quarterly sales of $744.46 million missed the analyst consensus estimate of $760.14 million by 2.06%. This represents a 11.51% decrease over sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 11:18 am

Crescent Point has announced a regular quarterly cash dividend of CDN $0.10 per share to be paid on January 2, 2024, and a special cash dividend of CDN $0.02 per share to be paid on November 22, 2023. These dividends are part of the company's return of capital framework, which includes share repurchases.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 10:40 am

Crescent Point Energy (NYSE:CPG) reported Q3 earnings of $0.44 per share, beating the analyst consensus estimate of $0.33 by 33.33%. This represents a 33.33% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 10:38 am

Crescent Point Energy (NYSE:CPG) is set to release its quarterly earnings report on November 2, 2023. Analysts estimate an EPS of $0.33. The company's stock price has historically been affected by its earnings performance and guidance. Last quarter, the company missed EPS by $0.03, resulting in a 4.55% drop in share price. The stock is currently trading at $8.01, up 1.13% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

November 01, 2023 | 2:02 pm

Energy stocks are trading higher due to the Israel-Hamas conflict causing uncertainty in oil supply. Several energy companies are mentioned in the context.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2023 | 3:52 pm

Oil prices have been reported lower for the session, potentially impacting a range of oil and gas companies.

Portfolio Pulse from Bill Haddad

October 04, 2023 | 7:53 pm

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