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Last C$14.74 CAD
Change Today +1.13 / 8.30%
Volume 9.4M
As of 4:00 PM 08/27/15 All times are local (Market data is delayed by at least 15 minutes).

crescent point energy corp (CPG) Snapshot

Open
C$14.13
Previous Close
C$13.61
Day High
C$15.45
Day Low
C$14.00
52 Week High
08/29/14 - C$45.04
52 Week Low
08/24/15 - C$11.31
Market Cap
7.3B
Average Volume 10 Days
7.6M
EPS TTM
C$-0.36
Shares Outstanding
496.1M
EX-Date
08/27/15
P/E TM
--
Dividend
C$1.20
Dividend Yield
17.84%
Current Stock Chart for CRESCENT POINT ENERGY CORP (CPG)

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crescent point energy corp (CPG) Details

Crescent Point Energy Corp. acquires, explores, develops, and produces oil and natural gas properties in Western Canada and the United States. The company’s oil and natural gas properties, and related assets are located in the provinces of Saskatchewan, Alberta, and Manitoba; and the states of North Dakota, Montana, Colorado, and Utah. Crescent Point Energy Corp. is headquartered in Calgary, Canada.

881 Employees
Last Reported Date: 03/11/15

crescent point energy corp (CPG) Top Compensated Officers

Chief Executive Officer, President, Non-Indep...
Total Annual Compensation: C$1.1M
Chief Financial Officer
Total Annual Compensation: C$333.1K
Chief Operating Officer
Total Annual Compensation: C$320.1K
Vice President of Land & Corporate Developmen...
Total Annual Compensation: C$272.0K
Vice President of Engineering & Business Deve...
Total Annual Compensation: C$226.5K
Compensation as of Fiscal Year 2014.

crescent point energy corp (CPG) Key Developments

Crescent Point Energy Mulls Acquisitions

Crescent Point Energy Corp. (TSX:CPG) is looking for future acquisition opportunities.

Crescent Point Energy Corp. Approves Monthly Dividend for August 2015, Payable on September 15, 2015

The board of directors of Crescent Point Energy Corp. has approved a monthly dividend of CAD 0.10 per share, effective with the August dividend that is payable in cash on September 15, 2015. As of September 15, 2015, shareholders that were enrolled in the SDP or DRIP will receive the regular monthly cash dividend of CAD 0.10 per share.

Crescent Point Energy Corp. Reports Unaudited Consolidated Earnings and Production Results for the Second Quarter and Six Months Ended June 30, 2015; Reaffirms Production Guidance for the Year 2015 and Revises Capital Expenditure Guidance for the Year 2015

Crescent Point Energy Corp. reported unaudited consolidated earnings and production results for the second quarter and six months ended June 30, 2015. For the quarter, the company’s funds flow from operations was CAD 524,260,000 or CAD 1.14 per share against CAD 636,688,000 or CAD 1.55 per share a year ago. Net loss was CAD 240,448,000 or CAD 0.53 per basic and diluted share against net income of CAD 98,586,000 or CAD 0.24 per basic and diluted share a year ago. Adjusted net earnings from operations were CAD 40,378,000 or CAD 0.09 per share against CAD 174,580,000 or CAD 0.43 per share a year ago. Capital acquisitions (net) were CAD 1,477,891,000 against CAD 1,566,487,000 a year ago. Development capital and other expenditures were CAD 338,665,000 against CAD 293,210,000 a year ago. Cash flow from operating activities was CAD 491,636,000 compared to CAD 646,485,000 a year ago. Revenue and other income was CAD 404,997,000 against CAD 796,634,000 a year ago. Net loss before tax was CAD 254,550,000 against net income before tax of CAD 141,841,000 a year ago. For the six months, the company’s funds flow from operations was CAD 957,764,000 or CAD 2.11 per share against CAD 1,216,784,000 or CAD 3.01 per share a year ago. Net loss was CAD 286,512,000 or CAD 0.63 per basic and diluted share against net income of CAD 129,476,000 or CAD 0.32 per basic and diluted share a year ago. Adjusted net earnings from operations were CAD 68,649,000 or CAD 0.15 per share against CAD 380,654,000 or CAD 0.94 per share a year ago. Net debt as on June 30, 2015 was CAD 3,976,906,000 against CAD 2,836,829,000 as on June 30, 2014. Capital acquisitions (net) were CAD 1,493,471,000 against CAD 1,599,773,000 a year ago. Development capital and other expenditures were CAD 909,260,000 against CAD 873,772,000 a year ago. Cash flow from operating activities was CAD 890,345,000 compared to CAD 1,220,621,000 a year ago. Revenue and other income was CAD 1,156,967,000 against CAD 1,455,812,000 a year ago. Net loss before tax was CAD 323,831,000 against net income before tax of CAD 148,918,000 a year ago. For the quarter, the company’s total production was 151,636 boe/d compared to 137,368 boe/d a year ago. Crude oil and NGLs production was 137,742 BBL per day compared to 125,344 BBL per day a year ago. Natural gas production was 83,366 mcf/d compared to 72,143 mcf/d a year ago. For the six months, the company’s total production was 152,739 boe/d compared to 133,993 boe/d a year ago. Crude oil and NGLs production was 138,886 BBL per day compared to 122,183 BBL per day a year ago. Natural gas production was 83,118 mcf/d compared to 70,858 mcf/d a year ago. The board of directors has also approved a CAD 100 million reduction in the company's 2015 capital expenditures guidance, which primarily reflects both a reduction in drilling related capital and the benefit of the Company's cost saving initiatives. The 2015 capital expenditures budget is now CAD 1.45 billion and average 2015 production guidance remains unchanged at 163,500 boe/d. The company maintains a strong balance sheet with net debt to funds flow from operations of 1.9 times at the end of second quarter and significant unutilized credit capacity of CAD 1.7 billion.

 

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CPG

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Valuation CPG Industry Range
Price/Earnings 61.4x
Price/Sales 2.1x
Price/Book 0.6x
Price/Cash Flow 2.7x
TEV/Sales 0.9x
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