|Bid||3.3200 x 800|
|Ask||3.9900 x 38500|
|Day's Range||3.2600 - 3.5600|
|52 Week Range||2.4300 - 9.2000|
|Beta (3Y Monthly)||0.76|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.03 (0.92%)|
|1y Target Est||8.85|
S&P Dow Jones Indices Announces Changes to the S&P/TSX Composite Index and S&P/TSX 60 Index
The after-tax writedown reflects the fair value of its assets, many of which were acquired during a crude rally, to account for the current environment of lower prices, Calgary-based Crescent Point said Thursday. The writedown is more than Crescent Point’s market capitalization. Chief Executive Officer Craig Bryksa, who took the helm on a permanent basis in September, has been cutting costs and refocusing Crescent Point on its core operating areas, including Saskatchewan and Utah, after the company beat back activist investor Cation Capital’s attempt to take over its board.
Canada's Crescent Point Energy missed analysts' estimates for fourth-quarter output on Thursday, as the oil and gas producer sold several production assets in 2018. The company's strategy to sell assets to reduce debt and use a part of the money to finance its expansion in production in Viewfield Bakken, Shaunavon and Flat Lake assets in Saskatchewan is yet to pay off. The company has set aside 55 percent of 2019 capital spending to ramp up production in these areas, even as it lowered the spending by 30 percent to C$1.2 billion to C$1.3 billion in January in the wake of declining oil prices.
CALGARY , March 7, 2019 /PRNewswire/ - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX and NYSE: CPG) confirms the filing of its Annual Information Form ("AIF") ...
Canada's Crescent Point Energy Corp reported a bigger net loss in the fourth quarter on Thursday, hurt by an impairment charge of C$3.69 billion. The oil and gas producer said net loss widened to C$2.39 ...
CALGARY , March 7, 2019 /PRNewswire/ - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX and NYSE: CPG) is pleased to announce its operating and financial results ...
CALGARY , Feb. 28, 2019 /PRNewswire/ - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX and NYSE: CPG) plans to report its year-end 2018 financial and operating ...
NEW YORK, Feb. 28, 2019 -- In new independent research reports released early this morning, Capital Review released its latest key findings for all current investors, traders,.
CALGARY, Feb. 19, 2019 /PRNewswire/ - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX and NYSE: CPG) is pleased to announce the appointment of John P. Dielwart to its Board of Directors (the "Board"), effective March 7, 2019. "I'm pleased to welcome John Dielwart as an independent Director on Crescent Point's Board," said Bob Heinemann, Chairman of the Board.
The recent weakness in the commodity prices has made the energy companies to rethink their strategies and consider capex cuts once again.
CALGARY, Jan. 23, 2019 /PRNewswire/ - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX and 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 38,424,678 common shares, or seven percent of the Company's public float, as at January 14, 2019. The NCIB is scheduled to commence on January 25, 2019 and is due to expire on January 24, 2020.
Schlumberger (SLB) reported fourth-quarter earnings that matched the Zacks Consensus Estimate, while Royal Dutch Shell (RDS.A) is contemplating the acquisition of sustainable energy provider Eneco.
NEW YORK, NY / ACCESSWIRE / January 22, 2019 / The Market Wealth Report strives to provide investors with free daily equity research reports analyzing major market events. Take a few minutes to register ...
Apart from the capex cut, Crescent Point (CPG) also slashes its dividend payout from 3 cents a month to just a penny every quarter, representing a massive decline of 89%.
Canadian oil producer Crescent Point Energy Corp on Tuesday cut its 2019 capital budget by 30 percent compared to last year, blaming the recent decline in oil prices. Crescent Point expects its output to be in the range of 170,000 to 174,000 barrels of oil equivalent per day (boe/d) in 2019, well under last year's forecast of 177,000 boe/d.
Disciplined and returns focused 2019 capital budget of $1.20 to $1.30 billion. Approved a share repurchase program given the Company's current share price versus its fundamental value. Excess cash flow to be allocated to debt reduction and share repurchases at a budgeted WTI oil price of US$50.00/bbl.