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 M ...

Crescent Point Energy Corp. (CPG) has inked an agreement to sell off its non-core assets in Saskatchewan to Saturn Oil & Gas Inc. The total consideration for the deal is C$600 million, which will be financed in cash. The non-core assets put up for sale include Flat Lake and Battrum. The transaction is expected to close toward the end of the second quarter of 2024.Crescent Point has stated that it has rebuilt its asset base over time to enhance sustainability in the long-term. The company was able to realize ...

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 C ...

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 opera ...

In the latest trading session, Crescent Point Energy (CPG) closed at $8.85, marking a -0.11% move from the previous day. The stock trailed the S&P 500, which registered a daily gain of 0.02%. Meanwhile, the Dow lost 0.11%, and the Nasdaq, a tech-heavy index, added 0.1%.Shares of the oil producer have appreciated by 11.59% over the course of the past month, outperforming the Oils-Energy sector's gain of 4.26% and the S&P 500's loss of 3.01%.Investors will be eagerly watching for the performance of Crescent P ...

In the latest trading session, Crescent Point Energy (CPG) closed at $8.45, marking a -0.71% move from the previous day. The stock trailed the S&P 500, which registered a daily loss of 0.22%. Elsewhere, the Dow saw an upswing of 0.06%, while the tech-heavy Nasdaq depreciated by 0.52%.The the stock of oil producer has risen by 7.72% in the past month, leading the Oils-Energy sector's gain of 3.38% and the S&P 500's loss of 1.66%.Investors will be eagerly watching for the performance of Crescent Point Energy ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Crescent Point Energy (CPG) .Crescent Point currently has an average broke ...

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use fundamental analysis and traditional va ...

Oil prices rallied in the first quarter of 2024, with both Brent and West Texas Intermediate (“WTI”) crude futures registering significant increases. Brent oil, the global benchmark, rose nearly 14%, while WTI, which tracks U.S. crude, surged approximately 16%. At the end of March, the global benchmark settled at $87.48 per barrel, while U.S. crude closed at $83.17.We believe that energy stocks will continue to be a focal point of the impressive overall market growth as the sentiment on oil prices seems to ...

Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:Crexendo, Inc. (CXDO) : This cloud communications service provider has seen the Zacks Consensus Estimate for its current year earnings increasing 9.5% over the last 60 days.High Tide Inc. (HITI) : This cannabis dispensary company has seen the Zacks Consensus Estimate for its current year earnings increasing 100% over the last 60 days.SIGA Technologies, Inc. (SIGA) : This commercial-stage pharmaceutical company has seen the Zacks Consens ...