CRESCENT POINT ENERGY CORP (CPG) Forecast, Price Target & Analyst Ratings
NYSE:CPG • CA22576C1014
8.59 USD
-0.01 (-0.12%)
At close: May 14, 2024
8.59 USD
0 (0%)
After Hours: 5/14/2024, 8:27:15 PM
View the latest analyst price targets, stock forecast, EPS estimates, revenue projections, revisions, full estimates, rating distribution and upgrades/downgrades for CRESCENT POINT ENERGY CORP (CPG).
Forecast Snapshot
Consensus Price Target
$10.85
+ 26.33% Upside
Next Earnings Forecast
Release DateJul 25, 2024
PeriodQ2 / 2024
EPS EstimateCA$0.45
Revenue Estimate1.074B
ChartMill Buy Consensus
81.11%
Weighted Analyst Rating Score
Price Target Details & History
Consensus Price Target and Range
Mean target
$10.85
Upside
+ 26.33%
From current price of $8.59 to mean target of $10.85, Based on 18 analyst forecasts
Low
$9.22
Median
$10.43
High
$14.57
Price Target Revisions
1 Month
10.39%
3 Months
10.13%
Price Target Summary
18 Wall Street analysts provided a forecast for the next 12 months for CPG. The average price target is 10.85 USD. This implies a price increase of 26.33% is expected in the next year compared to the current price of 8.59.
The average price target has been revised upward by 10.13% in the past 3 months.
Analyst Ratings & History
Current Analyst Ratings
Analyst Ratings History
Analyst Ratings Consensus
ChartMill Buy Consensus
81.11%
CPG was analyzed by 18 analysts. The buy percentage consensus is at 81. So analysts seem to be very confident about CPG.
In the previous month the buy percentage consensus was at a similar level.
CPG was analyzed by 18 analysts, which should be a sufficient number of analysts to have a meaningful average consensus rating.
Recent Upgrades & Downgrades
| Date | Firm | Action | From → To |
|---|---|---|---|
| 2024-05-07 | BMO Capital | Maintains | Outperform -> Outperform |
| 2023-09-12 | TD Securities | Downgrade | Action List Buy -> Buy |
| 2023-08-28 | CIBC | Maintains | Outperformer -> Outperformer |
| 2022-01-13 | ScotiaBank | Downgrade | Sector Outperform -> Sector Perform |
| 2021-07-29 | Tudor Pickering | Initiate | Hold |
| 2021-07-29 | RBC Capital | Maintains | Outperform |
| 2021-07-28 | Tudor Pickering | Initiate | Hold |
| 2021-07-14 | CIBC World Markets | Upgrade | |
| 2021-07-08 | Tudor Pickering | Initiate | Buy |
| 2021-06-30 | Raymond James Financial | Initiate | Market Perform |
| 2021-06-21 | BMO Capital Markets | Upgrade | |
| 2021-06-17 | National Bank Financial | Upgrade | Outperform |
| 2021-06-10 | RBC Capital | Upgrade | |
| 2021-06-09 | Sbank | Upgrade | Outperform |
| 2021-06-08 | Tudor Pickering | Initiate | Hold |
| 2021-06-08 | ATB Capital | Upgrade | |
| 2021-06-08 | CIBC World Markets | Reiterate | Outperform |
| 2021-05-13 | Raymond James Financial | Initiate | Market Perform |
| 2021-05-12 | CIBC World Markets | Maintains | Outperform |
| 2021-04-19 | Raymond James Financial | Downgrade | Market Perform |
| 2021-04-15 | National Bank Financial | Downgrade | Outperform |
| 2021-04-15 | CIBC World Markets | Downgrade | Outperform |
| 2021-04-14 | CIBC World Markets | Downgrade | Outperform |
| 2021-04-06 | BMO Capital Markets | Upgrade | Outperform |
| 2021-04-05 | BMO Capital Markets | Upgrade | Outperform |
Next Earnings Forecast Details
Next Earnings Details
Release DateJul 25, 2024
PeriodQ2 / 2024
EPS EstimateCA$0.45
Revenue Estimate1.074B
Revenue Q2Q27.58%
EPS Q2Q16.11%
Number of Analysts8
Next Earnings Revisions
Revenue (1 Month)
0.89%
Revenue (3 Months)
-9.23%
EPS (1 Month)
-1.16%
EPS (3 Months)
19.44%
Next Earnings Summary
CPG is expected to report earnings on 7/25/2024. The consensus EPS estimate for the next earnings is 0.45 USD and the consensus revenue estimate is 1.07B USD.
The next earnings revenue estimate has been revised downward by 9.23% in the past 3 months. Downward revisions are a negative sign and indicate that analysts are more pessimistic about the next earnings compared to 3 months ago.
Full Analyst Estimates
Yearly Earnings Per Share (EPS), Revenue, EBIT, EBITDA and Operating Margin Analyst Estimates
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | ||
|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY % growth | 2.829B 90.15% | 3.512B 24.14% | 3.19B -9.18% | 4.284B 34.30% | 4.663B 8.85% | 4.732B 1.48% | 4.928B 4.14% | 5.142B 4.34% | |
| EBITDA YoY % growth | 1.919B -55.07% | 2.668B 39.05% | 2.211B -17.12% | 2.689B 21.60% | 2.907B 8.11% | 2.414B -16.96% | 2.173B -9.98% | 2.271B 4.51% | |
| EBIT YoY % growth | 1.133B 1,132,600.00% | 1.716B 51.52% | 1.146B -33.21% | 1.489B 29.90% | 1.662B 11.62% | 659.03M -60.35% | 908.02M 37.78% | 936.64M 3.15% | |
| Operating Margin | 40.03% | 48.87% | 35.94% | 34.76% | 35.64% | 13.93% | 18.43% | 18.22% | |
| EPS YoY % growth | 0.71 114.88% | 2.14 201.41% | 0.96 -55.14% | 1.61 67.70% | 1.87 16.11% | 2.23 19.32% | N/A | N/A |
All data in CAD
Quarterly Earnings Per Share (EPS), Revenue, EBIT and EBITDA Analyst Estimates
| Q2 / 24 | Q3 / 24 | Q4 / 24 | Q1 / 25 | Q2 / 25 | Q3 / 25 | Q4 / 25 | Q1 / 26 | Q2 / 26 | Q3 / 26 | Q4 / 26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EPS Q2Q % growth | 0.45 16.11% | 0.46 130.23% | 0.46 -73.06% | 0.62 193.20% | 0.55 22.45% | 0.57 24.84% | 0.65 41.12% | 0.46 -24.47% | 0.47 -14.94% | 0.48 -17.08% | 0.53 -17.50% |
| Revenue Q2Q % growth | 1.074B 27.58% | 1.047B 15.22% | 1.084B 25.84% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| EBITDA Q2Q % growth | 674.28M -31.57% | 705.08M -39.35% | 737.05M -46.64% | 692.96M 16.70% | 657.01M -2.56% | 677.1M -3.97% | 712.05M -3.39% | 633.88M -8.53% | 640.64M -2.49% | 660.04M -2.52% | 697M -2.11% |
| EBIT Q2Q % growth | 283.81M -41.98% | 271.69M -21.34% | 358.55M 13.32% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
All data in CAD
Yearly Earnings Per Share (EPS) and Revenue Trends vs Historical Data
Long Term Forward Growth Forecast Summary
Long Term EPS Growth (CAGR)
EPS Next 3 Year
32.45%
EPS Next 5 Year
N/A
Long Term Revenue Growth (CAGR)
Revenue Next 3 Year
15.26%
Revenue Next 5 Year
10.72%
Long Term EBIT Growth (CAGR)
EBIT Next 3 Year
30.19%
EBIT Next 5 Year
15.73%
CRESCENT POINT ENERGY CORP / CPG Forecast FAQ
What is the average price target for CRESCENT POINT ENERGY CORP (CPG) stock?
18 analysts have analysed CPG and the average price target is 10.85 USD. This implies a price increase of 26.33% is expected in the next year compared to the current price of 8.59.
When does CRESCENT POINT ENERGY CORP (CPG) report earnings?
CRESCENT POINT ENERGY CORP (CPG) will report earnings on 2024-07-25, after the market close.
Can you provide the consensus estimates for CRESCENT POINT ENERGY CORP next earnings?
The consensus EPS estimate for the next earnings of CRESCENT POINT ENERGY CORP (CPG) is 0.45 USD and the consensus revenue estimate is 1.07B USD.
Can you provide the expected long term growth rate for CRESCENT POINT ENERGY CORP stock?
The expected long term growth rate for CRESCENT POINT ENERGY CORP (CPG) is 15.26%.