TSX:CPG

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Crescent Point Energy

Executive Summary

Crescent Point Energy Corp. explores, develops, and produces light and medium crude oil and natural gas reserves in Western Canada and the United States. More Details


Snowflake Analysis

Fair value with imperfect balance sheet.


Similar Companies

Share Price & News

How has Crescent Point Energy's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CPG is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: CPG's weekly volatility (10%) has been stable over the past year.


Market Performance


7 Day Return

3.5%

CPG

1.6%

CA Oil and Gas

0.8%

CA Market


1 Year Return

-44.4%

CPG

-23.6%

CA Oil and Gas

2.0%

CA Market

Return vs Industry: CPG underperformed the Canadian Oil and Gas industry which returned -24.6% over the past year.

Return vs Market: CPG underperformed the Canadian Market which returned 1.8% over the past year.


Shareholder returns

CPGIndustryMarket
7 Day3.5%1.6%0.8%
30 Day58.9%24.6%10.5%
90 Day27.8%9.1%9.7%
1 Year-43.7%-44.4%-19.2%-23.6%5.7%2.0%
3 Year-68.5%-70.6%-23.0%-32.7%13.9%2.9%
5 Year-80.3%-82.8%0.1%-17.4%58.5%34.3%

Long-Term Price Volatility Vs. Market

How volatile is Crescent Point Energy's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Crescent Point Energy undervalued compared to its fair value and its price relative to the market?

29.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CPG (CA$2.67) is trading below our estimate of fair value (CA$3.79)

Significantly Below Fair Value: CPG is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: CPG is unprofitable, so we can't compare its PE Ratio to the CA Oil and Gas industry average.

PE vs Market: CPG is unprofitable, so we can't compare its PE Ratio to the Canadian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate CPG's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: CPG is good value based on its PB Ratio (0.5x) compared to the CA Oil and Gas industry average (1x).


Next Steps

Future Growth

How is Crescent Point Energy forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

124.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CPG is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: CPG is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: CPG is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: CPG's revenue is expected to decline over the next 3 years (-11.5% per year).

High Growth Revenue: CPG's revenue is forecast to decline over the next 3 years (-11.5% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CPG's Return on Equity is forecast to be low in 3 years time (0.6%).


Next Steps

Past Performance

How has Crescent Point Energy performed over the past 5 years?

-39.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CPG is currently unprofitable.

Growing Profit Margin: CPG is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: CPG is unprofitable, and losses have increased over the past 5 years at a rate of 39.8% per year.

Accelerating Growth: Unable to compare CPG's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: CPG is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-52.6%).


Return on Equity

High ROE: CPG has a negative Return on Equity (-116.79%), as it is currently unprofitable.


Next Steps

Financial Health

How is Crescent Point Energy's financial position?


Financial Position Analysis

Short Term Liabilities: CPG's short term assets (CA$351.4M) do not cover its short term liabilities (CA$557.4M).

Long Term Liabilities: CPG's short term assets (CA$351.4M) do not cover its long term liabilities (CA$3.4B).


Debt to Equity History and Analysis

Debt Level: CPG's debt to equity ratio (82.9%) is considered high.

Reducing Debt: CPG's debt to equity ratio has increased from 41.6% to 82.9% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable CPG has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: CPG is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 4% per year.


Next Steps

Dividend

What is Crescent Point Energy current dividend yield, its reliability and sustainability?

0.37%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: CPG's dividend (0.37%) isn’t notable compared to the bottom 25% of dividend payers in the Canadian market (1.6%).

High Dividend: CPG's dividend (0.37%) is low compared to the top 25% of dividend payers in the Canadian market (5.29%).


Stability and Growth of Payments

Stable Dividend: CPG is not paying a notable dividend for the Canadian market, therefore no need to check if payments are stable.

Growing Dividend: CPG is not paying a notable dividend for the Canadian market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: CPG is not paying a notable dividend for the Canadian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of CPG's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.5yrs

Average management tenure


CEO

Craig Bryksa (43 yo)

2.58yrs

Tenure

CA$3,600,210

Compensation

Mr. Craig Bryksa has been President and Chief Executive Officer at Crescent Point Energy Corp since September 05, 2018 and has been its Director since May 2018. He served as an Interim President and CEO at...


CEO Compensation Analysis

Compensation vs Market: Craig's total compensation ($USD2.81M) is above average for companies of similar size in the Canadian market ($USD1.35M).

Compensation vs Earnings: Craig's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Craig Bryksa
President2.58yrsCA$3.60m0.046%
CA$ 590.2k
Kenneth Lamont
Chief Financial Officerno dataCA$2.09m0.047%
CA$ 610.8k
Ryan Chad Gritzfeldt
Chief Operating Officer2.5yrsCA$2.01m0.042%
CA$ 541.6k
Garret Holt
Senior Vice President of Corporate Development1.25yrsCA$1.92mno data
Brad Borggard
Senior Vice President of Corporate Planning & Capital Markets2.5yrsCA$1.78m0.023%
CA$ 296.2k
Rob Fiorentino
Vice President of Operations and Technology0.92yrno datano data
Shant Madian
Vice President of Investor Relations & Corporate Communicationsno datano datano data
Mark Eade
Senior VP5.25yrsno data0.0075%
CA$ 97.0k
Lisa Watson
Vice President of Human Resources & Corporate Services0.92yrno datano data
Mike Blair
Vice President of Exploration1.92yrsno datano data
Anthony Baldwin
President of Crescent Point Energy U.S. Corp.2.92yrsno datano data

2.5yrs

Average Tenure

Experienced Management: CPG's management team is considered experienced (2.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Craig Bryksa
President2.58yrsCA$3.60m0.046%
CA$ 590.2k
Mike Jackson
Independent Director4.08yrsCA$229.99k0.014%
CA$ 180.7k
Francois Langlois
Independent Director2.58yrsCA$221.99k0.00019%
CA$ 2.4k
Myron Stadnyk
Director0.42yrno data0.0094%
CA$ 121.5k
Barbara Munroe
Independent Chairman1.17yrsCA$243.28k0.0015%
CA$ 19.4k
James Craddock
Additional Independent Director1.5yrsCA$174.75kno data
Laura Cillis
Independent Director6.92yrsCA$220.99k0.0070%
CA$ 90.0k
Jennifer Koury
Additional Independent Director1.5yrsCA$155.25k0.0019%
CA$ 24.3k
Edward Goldthorpe
Independent Director3.58yrsCA$222.98k0.0028%
CA$ 36.5k
John Dielwart
Independent Director1.75yrsCA$206.48kno data

2.2yrs

Average Tenure

59yo

Average Age

Experienced Board: CPG's board of directors are not considered experienced ( 2.2 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: CPG insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Crescent Point Energy Corp.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Crescent Point Energy Corp.
  • Ticker: CPG
  • Exchange: TSX
  • Founded:
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: CA$1.288b
  • Shares outstanding: 530.04m
  • Website: https://www.crescentpointenergy.com

Number of Employees


Location

  • Crescent Point Energy Corp.
  • 585–8th Avenue SW
  • Suite 2000
  • Calgary
  • Alberta
  • T2P 1G1
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CPGTSX (The Toronto Stock Exchange)YesCommon StockCACADOct 2001
CPGNYSE (New York Stock Exchange)YesCommon StockUSUSDOct 2001
16DB (Deutsche Boerse AG)YesCommon StockDEEUROct 2001
0UR7LSE (London Stock Exchange)YesCommon StockGBCADOct 2001

Biography

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,...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/12/04 23:43
End of Day Share Price2020/12/04 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.