Crescent Point Energy Corp. explores, develops, and produces light and medium crude oil and natural gas reserves in Western Canada and the United States. The company's crude oil and natural gas properties, and related assets are located in the provinces of Saskatchewan, Alberta, British Columbia, and Manitoba; and the states of North Dakota and Montana. Crescent Point Energy Corp. was incorporated in 1994 and is headquartered in Calgary, Canada.
IPO Year:
Exchange: NYSE
Website: crescentpointenergy.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/21/2023 | Buy | Canaccord Genuity | |
| 6/8/2022 | Sector Perform → Sector Outperform | Scotiabank | |
| 1/13/2022 | Sector Outperform → Sector Perform | Scotiabank |
CALGARY, AB, May 10, 2024 /PRNewswire/ - Crescent Point Energy Corp. ("Crescent Point", or the "Company") (TSX:CPG) and (NYSE:CPG) held its Annual and Special Meeting of Shareholders ("AGM" or "the meeting") on May 10, 2024. During the business portion of the meeting, shareholders approved all resolutions brought forward, including voting in favour of changing the Company's name to Veren Inc. ("Veren"), effective immediately. Veren's shares are expected to begin trading under its new symbol "VRN" on both the TSX and NYSE on or around May 15, 2024. Veren will also launch its new website at www.vrn.com in conjunction with the ticker change. Voting results for all resolutions and advisory vote
CALGARY, AB, May 10, 2024 /PRNewswire/ - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX:CPG) (NYSE:CPG) is pleased to announce its operating and financial results for the quarter ended March 31, 2024. KEY HIGHLIGHTS Strong operational execution year-to-date, including delivering 198,500 boe/d of production in first quarter.Generated $130 million of excess cash flow in first quarter, with over $80 million returned to shareholders.Successfully integrated recently acquired Alberta Montney assets, bringing 18 Montney wells on stream year-to-date.Entered into agreement to dispose of non-core assets in Saskatchewan for $600 million, as previously announced.Expect pro forma
CALGARY, AB, May 10, 2024 /PRNewswire/ - Crescent Point Energy Corp. ("Crescent Point") (TSX:CPG) and (NYSE:CPG) announces its Board of Directors has approved and declared a quarterly cash base dividend of $0.115 per share. The base dividend is payable on July 2, 2024 to shareholders of record on June 15, 2024. These dividends are designated as "eligible dividends" for Canadian income tax purposes. For U.S. income tax purposes, Crescent Point's dividends are considered "qualified dividends." FOR MORE INFORMATION ON CRESCENT POINT ENERGY, PLEASE CONTACT: Sarfraz Somani, Manager, Investor Relations Telephone: (403) 693-0020 Toll-free (US and Canada): 888-693-0020 Fax: (403) 693-0070 Address:
CALGARY, AB, May 6, 2024 /PRNewswire/ - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX:CPG) (NYSE:CPG) is pleased to announce that it has entered into an agreement (the "Agreement") with Saturn Oil & Gas Inc. ("Saturn") to sell certain non-core assets in Saskatchewan (the "Assets") for $600 million in cash (the "Transaction"). "We have strategically re-built our asset portfolio over the last few years to enhance our long-term sustainability," said Craig Bryksa, President and CEO of Crescent Point. "This transaction allows us to realize value for these non-core assets which had limited impact in the Company's future plans while continuing to focus on our priorities of o
CALGARY, AB, May 3, 2024 /PRNewswire/ - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX:CPG) and (NYSE:CPG) announces that its Annual and Special Meeting of Shareholders ("AGM") will be held on May 10, 2024 at 10:00 a.m. MT (12:00 p.m. ET). The AGM will be conducted in a virtual-only format. Registered shareholders, and duly appointed proxyholders, will have the opportunity to participate in the meeting by way of a live webcast. This webcast will allow registered shareholders to participate, ask questions and vote at the meeting through the online portal. Non-registered (or beneficial) shareholders may also listen to a live webcast of the meeting but will not have the a
CALGARY, AB, May 3, 2024 /PRNewswire/ - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX:CPG) and (NYSE:CPG) plans to report its first quarter 2024 financial and operating results via press release prior to the opening of markets on Friday, May 10, 2024. Crescent Point's management will hold a conference call at 8:00 a.m. MT (10:00 a.m. ET) the same day to discuss the Company's results and outlook. Participants can listen to this event online via webcast. To join the call without operator assistance, participants may register online by entering their phone number to receive an instant automated call back. Alternatively, the conference call can be accessed with operator a
CALGARY, AB, March 20, 2024 /PRNewswire/ - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX:CPG) (NYSE:CPG) announced today that it intends to change its name to Veren Inc. ("Veren") and will seek shareholder approval for the change at its upcoming Annual and Special Meeting of Shareholders ("AGM") on May 10, 2024. "Our new name and logo represent the culmination of our remarkable transformation over the last several years and better reflect the notable improvements we have made to our business," said Craig Bryksa, President and CEO of Crescent Point. "Our portfolio now boasts a top-quartile asset base with significant inventory. In addition to strengthening our long-te
CALGARY, AB, March 7, 2024 /CNW/ - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX:CPG) (NYSE:CPG) is pleased to announce the Toronto Stock Exchange ("TSX") has accepted its notice to implement a normal course issuer bid ("NCIB") to purchase, for cancellation, up to 61,663,522 common shares, or 10 percent of the Company's public float, as at February 29, 2024. The NCIB is scheduled to commence on March 11, 2024 and is due to expire on March 10, 2025. Purchases of Crescent Point's common shares under the NCIB may be made through the facilities of the TSX, the New York Stock Exchange ("NYSE") and alternative trading systems by means of open market transactions or by such
CALGARY, AB, March 7, 2024 /PRNewswire/ - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX:CPG) (NYSE:CPG) is pleased to announce the Toronto Stock Exchange ("TSX") has accepted its notice to implement a normal course issuer bid ("NCIB") to purchase, for cancellation, up to 61,663,522 common shares, or 10 percent of the Company's public float, as at February 29, 2024. The NCIB is scheduled to commence on March 11, 2024 and is due to expire on March 10, 2025. Purchases of Crescent Point's common shares under the NCIB may be made through the facilities of the TSX, the New York Stock Exchange ("NYSE") and alternative trading systems by means of open market transactions or b
CALGARY, AB, Feb. 29, 2024 /CNW/ - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX:CPG) and (NYSE:CPG) confirms the filing of its Annual Information Form ("AIF") for the year ended December 31, 2023, with the Canadian securities regulatory authorities on the System for Electronic Analysis and Retrieval ("SEDAR+"). In addition, Crescent Point has filed its Form 40-F for the year ended December 31, 2023, which includes the AIF, with the United States Securities and Exchange Commission on the Electronic Data Gathering, Analysis and Retrieval ("EDGAR") system. The AIF contains the Company's reserves data and other oil and natural gas information, as required under National I
CALGARY, AB, May 10, 2024 /PRNewswire/ - Crescent Point Energy Corp. ("Crescent Point", or the "Company") (TSX:CPG) and (NYSE:CPG) held its Annual and Special Meeting of Shareholders ("AGM" or "the meeting") on May 10, 2024. During the business portion of the meeting, shareholders approved all resolutions brought forward, including voting in favour of changing the Company's name to Veren Inc. ("Veren"), effective immediately. Veren's shares are expected to begin trading under its new symbol "VRN" on both the TSX and NYSE on or around May 15, 2024. Veren will also launch its new website at www.vrn.com in conjunction with the ticker change. Voting results for all resolutions and advisory vote
CALGARY, AB, May 18, 2023 /PRNewswire/ - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX:CPG) (NYSE:CPG) held its Annual Meeting of Shareholders ("the meeting") on May 18, 2023. During the regular business proceedings at the meeting, shareholders elected all director nominees to the Board of Directors of the Company (the "Board") and approved all other items of business brought before the meeting. Voting results for all resolutions and advisory votes are below. 1. Fixing the Number of Directors The appointment of nine Board members for the ensuing year was approved. Votes were received as follows: Votes For Percent Against Percent 214,364,168 99.46 % 1,166,754 0.54 %
CALGARY, AB, May 19, 2022 /PRNewswire/ - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX:CPG) and (NYSE:CPG) held its Annual General Meeting of Shareholders ("the meeting") on May 19, 2022. During the regular business proceedings at the meeting, shareholders elected all director nominees to the Board of Directors of the Company (the "Board") and approved all other items of business brought before the meeting. Voting results for all resolutions and advisory votes are below. 1. Fixing the Number of Directors The appointment of ten Board members for the ensuing year was approved. Votes were received as follows: Votes For Percent Against Percent 247,177,526 99.55% 1,
CALGARY, AB, May 20, 2021 /PRNewswire/ - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX: CPG) (NYSE:CPG) held its Annual General Meeting of Shareholders ("the meeting") on May 20, 2021. During the regular business proceedings at the meeting, shareholders elected all director nominees to the Board of Directors of the Company (the "Board") and approved all other items of business brought before the meeting. Voting results for all resolutions and advisory votes are below. 1. Fixing the Number of Directors The appointment of ten Board members for the ensuing year was approved. Votes were received as follows: Votes For Percent Against Percent 212,680,720 98.87% 2,4
6-K - Crescent Point Energy Corp. (0001545851) (Filer)
6-K - Crescent Point Energy Corp. (0001545851) (Filer)
6-K - Crescent Point Energy Corp. (0001545851) (Filer)
6-K - Crescent Point Energy Corp. (0001545851) (Filer)
6-K - Crescent Point Energy Corp. (0001545851) (Filer)
6-K - Crescent Point Energy Corp. (0001545851) (Filer)
6-K - Crescent Point Energy Corp. (0001545851) (Filer)
6-K - Crescent Point Energy Corp. (0001545851) (Filer)
6-K - Crescent Point Energy Corp. (0001545851) (Filer)
6-K - Crescent Point Energy Corp. (0001545851) (Filer)
CALGARY, AB, May 10, 2024 /PRNewswire/ - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX:CPG) (NYSE:CPG) is pleased to announce its operating and financial results for the quarter ended March 31, 2024. KEY HIGHLIGHTS Strong operational execution year-to-date, including delivering 198,500 boe/d of production in first quarter.Generated $130 million of excess cash flow in first quarter, with over $80 million returned to shareholders.Successfully integrated recently acquired Alberta Montney assets, bringing 18 Montney wells on stream year-to-date.Entered into agreement to dispose of non-core assets in Saskatchewan for $600 million, as previously announced.Expect pro forma
CALGARY, AB, May 10, 2024 /PRNewswire/ - Crescent Point Energy Corp. ("Crescent Point") (TSX:CPG) and (NYSE:CPG) announces its Board of Directors has approved and declared a quarterly cash base dividend of $0.115 per share. The base dividend is payable on July 2, 2024 to shareholders of record on June 15, 2024. These dividends are designated as "eligible dividends" for Canadian income tax purposes. For U.S. income tax purposes, Crescent Point's dividends are considered "qualified dividends." FOR MORE INFORMATION ON CRESCENT POINT ENERGY, PLEASE CONTACT: Sarfraz Somani, Manager, Investor Relations Telephone: (403) 693-0020 Toll-free (US and Canada): 888-693-0020 Fax: (403) 693-0070 Address:
CALGARY, AB, May 6, 2024 /PRNewswire/ - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX:CPG) (NYSE:CPG) is pleased to announce that it has entered into an agreement (the "Agreement") with Saturn Oil & Gas Inc. ("Saturn") to sell certain non-core assets in Saskatchewan (the "Assets") for $600 million in cash (the "Transaction"). "We have strategically re-built our asset portfolio over the last few years to enhance our long-term sustainability," said Craig Bryksa, President and CEO of Crescent Point. "This transaction allows us to realize value for these non-core assets which had limited impact in the Company's future plans while continuing to focus on our priorities of o
CALGARY, AB, May 3, 2024 /PRNewswire/ - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX:CPG) and (NYSE:CPG) plans to report its first quarter 2024 financial and operating results via press release prior to the opening of markets on Friday, May 10, 2024. Crescent Point's management will hold a conference call at 8:00 a.m. MT (10:00 a.m. ET) the same day to discuss the Company's results and outlook. Participants can listen to this event online via webcast. To join the call without operator assistance, participants may register online by entering their phone number to receive an instant automated call back. Alternatively, the conference call can be accessed with operator a
CALGARY, AB, Feb. 29, 2024 /CNW/ - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX:CPG) (NYSE:CPG) is pleased to announce its operating and financial results for the year ended December 31, 2023. KEY HIGHLIGHTS Transformed portfolio, increasing premium inventory to over 20 years and enhancing excess cash flow profile.Replaced over 900 percent of 2023 production on a 2P reserves basis including strategic A&D, or 150 percent organically.Generated $980 million of excess cash flow in 2023, with capital expenditures and production in-line with guidance.Returned approximately $600 million, or 60 percent of excess cash flow, to shareholders in 2023.Increasing quarterly base d
CALGARY, AB, Feb. 29, 2024 /PRNewswire/ - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX:CPG) (NYSE:CPG) is pleased to announce its operating and financial results for the year ended December 31, 2023. KEY HIGHLIGHTS Transformed portfolio, increasing premium inventory to over 20 years and enhancing excess cash flow profile.Replaced over 900 percent of 2023 production on a 2P reserves basis including strategic A&D, or 150 percent organically.Generated $980 million of excess cash flow in 2023, with capital expenditures and production in-line with guidance.Returned approximately $600 million, or 60 percent of excess cash flow, to shareholders in 2023.Increasing quarterly
CALGARY, AB, Feb. 29, 2024 /PRNewswire/ - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX:CPG) and (NYSE:CPG) announces its Board of Directors has approved and declared a quarterly cash base dividend of $0.115 per share, an increase of 15 percent from the prior level as previously announced. The base dividend is payable on April 1, 2024 to shareholders of record on March 15, 2024. Crescent Point's quarterly dividend is part of its overall return of capital framework that targets the return of 60 percent of excess cash flow to shareholders on an annual basis. These dividends are designated as "eligible dividends" for Canadian income tax purposes. For U.S. income tax purp
CALGARY, AB, Feb. 22, 2024 /PRNewswire/ - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX:CPG) (NYSE:CPG) plans to report its fourth quarter and year-end 2023 financial and operating results via press release prior to the opening of markets on Thursday, February 29, 2024. Crescent Point's management will hold a conference call at 10:00 a.m. MT (12:00 p.m. ET) the same day to discuss the Company's results and outlook. Participants can listen to this event via webcast. To join the call without operator assistance, participants may register online by entering their phone number to receive an instant automated call back. Alternatively, the conference call can be accessed wi
CALGARY, AB, Dec. 21, 2023 /PRNewswire/ - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX:CPG) (NYSE:CPG) is pleased to announce that it has successfully completed its previously announced strategic acquisition of Hammerhead Energy Inc. ("Hammerhead"), an oil and liquids-rich Alberta Montney producer (the "Transaction"). The Company is also pleased to provide its formal 2024 guidance and five-year plan, which are significantly enhanced as a result of the Transaction. "Our recent Alberta Montney consolidation marks the completion of our portfolio transformation," said Craig Bryksa, President and CEO of Crescent Point. "Through this strategic transaction, we have enhanced
CALGARY, Alberta, Nov. 06, 2023 (GLOBE NEWSWIRE) -- Crescent Point Energy Corp. ("Crescent Point" or the "Company") (NYSE:CPG) is pleased to announce that it has entered into an arrangement agreement (the "Agreement") to acquire Hammerhead Energy Inc. ("Hammerhead"), an oil and liquids-rich Alberta Montney producer, for total consideration of approximately $2.55 billion, including approximately $455 million in assumed net debt, consisting of cash and common shares of the Company (the "Transaction"). "This strategic consolidation is an integral part of our overall portfolio transformation," said Craig Bryksa, President and CEO of Crescent Point. "The acquired assets, which are situated in
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SC 13G/A - Crescent Point Energy Corp. (0001545851) (Subject)
Canaccord Genuity initiated coverage of Crescent Point Energy with a rating of Buy
Scotiabank upgraded Crescent Point Energy from Sector Perform to Sector Outperform
Scotiabank downgraded Crescent Point Energy from Sector Outperform to Sector Perform
RBC Capital Mkts upgraded Crescent Point Energy from Sector Perform to Outperform
RBC Capital upgraded Crescent Point Energy from Sector Perform to Outperform and set a new price target of $7.50 from $6.50 previously
CIBC reiterated coverage of Crescent Point Energy with a rating of Outperform and set a new price target of $8.00 from $6.00 previously
Stifel Nicolaus reiterated coverage of Crescent Point Energy with a rating of Buy and set a new price target of $7.00 from $5.25 previously
CIBC reiterated coverage of Crescent Point Energy with a rating of Outperform and set a new price target of $6.00 from $5.50 previously
Royal Bank of Canada reiterated coverage of Crescent Point Energy with a rating of Sector Perform and set a new price target of $6.50 from $3.75 previously
Canaccord Genuity reiterated coverage of Crescent Point Energy with a rating of Buy and set a new price target of $6.00 from $5.00 previously
Crescent Point Energy Corp. ("Crescent Point", or the "Company") (TSX:CPG) and (NYSE:CPG) held its Annual and Special Meeting of Shareholders ("AGM" or "the meeting") on May 10, 2024. During the business portion of the meeting, shareholders approved all resolutions brought forward, including voting in favour of changing the Company's name to Veren Inc. ("Veren"), effective immediately.Veren's shares are expected to begin trading under its new symbol "VRN" on both the TSX and NYSE on or around May 15, 2024. Veren will also launch its new website at www.vrn.com in conjunction with the ticker change.
Crescent Point Energy (NYSE:CPG) reported quarterly earnings of $0.22 per share which missed the analyst consensus estimate of $0.35 by 36.29 percent. The company reported quarterly sales of $821.990 million which missed the analyst consensus estimate of $1.003 billion by 18.05 percent. This is a 21.63 percent increase over sales of $675.800 million the same period last year.
BMO Capital analyst Jeremy Mccrea maintains Crescent Point Energy (NYSE:CPG) with a Outperform and raises the price target from $13 to $14.
Crescent Point has agreed to sell certain non-core properties in Saskatchewan, including Flat Lake and Battrum, to Saturn for $600 million in cash. Production from the Assets was expected to be 13,500 boe/d (95% oil and liquids) over the next 12 months, generating $210 million of net operating income at current strip commodity prices. The Company had allocated minimal development capital expenditures to the Assets for the remainder of 2024.
Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX:CPG) (NYSE:CPG) is pleased to announce the Toronto Stock Exchange ("TSX") has accepted its notice to implement a normal course issuer bid ("NCIB") to purchase, for cancellation, up to 61,663,522 common shares, or 10 percent of the Company's public float, as at February 29, 2024. The NCIB is scheduled to commence on March 11, 2024 and is due to expire on March 10, 2025.Purchases of Crescent Point's common shares under the NCIB may be made through the facilities of the TSX, the New York Stock Exchange ("NYSE") and alternative trading systems by means of open market transactions or by such other means as may be permitted by th
Crescent Point Energy (NYSE:CPG) reported quarterly adjsuted earnings of $0.27 per share which missed the analyst consensus estimate of $0.28 by 2.86 percent. This is a 2.86 percent decrease over earnings of $0.28 per share from the same period last year. The company reported quarterly sales of $695.58 million which missed the analyst consensus estimate of $740.12 million by 6.02 percent. This is a 8.10 percent decrease over sales of $756.87 million the same period last year.
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Crescent Point Energy (NYSE:CPG) is set to give its latest quarterly earnings report on Thursday, 2024-02-29. Here's what investors need to know before the announcement. Analysts estimate that Crescent Point Energy will report an earnings per share (EPS) of $0.28. Crescent Point Energy bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast). Past Earnings Performance Last quarter the company beat EPS by $0.11, which was followed by a 2.7