Do you need to be concerned about Crescent Point cutting its dividend? Fool contributor Jason Phillips has no position in any of the stocks mentioned. On 2020-10-21, Crescent Point Energy Corp (CPG-T) stock closed at a price of $1.69. CPG has seen increased volume after this news and investors are putting their support behind the value proposition. The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. The Motley Fool Canada » Dividend Stocks » Crescent Point (TSX:CPG) Is a Falling Knife: 3 Reasons You Should Be Avoiding the Stock Right Now, Jason Phillips | September 18, 2018 | More on: CPG CPG. Since then, however, the CPG shares have gone on to lose more than 10% of their value, are down more than 20% since early July, and in the process have blown through the stock’s previous technical support levels along the way. Crescent Point’s current payout ratio — at least in the short term – isn’t sustainable.

A smaller capital budget in 2019 will along with lower payroll expense assist in the company in its objective of accelerating debt reduction and additionally continuing to support the company’s current 4.73% dividend payout. Crescent Point Energy Corp. CPG is now commanding a market cap of 630.38M and a float of 528.70M. Stockchase, in its reporting on what has been discussed by individuals on business television programs (in particular Business News Network), neither recommends nor promotes any investment strategies. Voya Financial Inc. (NYSE:VOYA) Stock is Soaring, Here is Why, VivoPower International PLC (NASDAQ:VVPR) is Holding Steady, Investor Confidence is Rising for Welbilt Inc. (NYSE:WBT), NXP Semiconductors N.V. (NASDAQ:NXPI) is Gaining Momentum on Earnings Catalyst. Investors should also keep an eye on sector updates as CPG has historically followed its peers on positive news. While much of the energy sector has outperformed over the past two-plus years, including names like Suncor and Canadian Natural Resources Ltd, it has significantly underperformed its peer group, as the company has seemingly falling victim to management’s aggressive ways. 5 Stocks Under $49 (FREE REPORT). The drop came after Johnson & Johnson announced that it had paused its late-stage study of coronavirus vaccine candidate JNJ-78436735 because of an unexplained illness with one participant… All told, Crescent Point Energy Corp. CPG has strung together solid data and demonstrated underlying fundamentals. Disclosure: we hold no position in CPG, either long or short, and we have not been compensated for this article. Traders will also note the company’s earnings per share came in at -0.39. Motley Fool Canada's market-beating team has just released a brand-new FREE report revealing 5 "dirt cheap" stocks that you can buy today for under $49 a share.

Over the last 52 weeks, CPG is down -72.07% while the S&P 500 is up 12.00%. investors looking for timelier opportunities in recent weeks.

© 2020 The Motley Fool Canada, ULC. Eric J. Savitz. Crescent Point Energy Corp. (CPG) shares are trading at lower $1.19 and the avg recommendation for the stock is Hold. However, the reality is that was simply not the case, as it now finds itself being forced to adjust the company’s strategy in the wake of lower prices for Canadian oil that have plagued the industry for most of 2018. Tech Stocks Are Falling Because of Earnings Worries at Cloud-Service Companies. We and our partners will store and/or access information on your device through the use of cookies and similar technologies, to display personalised ads and content, for ad and content measurement, audience insights and product development. Sign-up for continuing coverage on shares of CPG stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick! Lemonade Inc. (LMND) shares are trading at lower $51.09 and the avg recommendation for the stock is Hold, while the current analyst price target... Voya Financial Inc. (VOYA) shares are trading at higher $52.54 and the avg recommendation for the stock is Strong Buy, while the current analyst... VivoPower International PLC (VVPR) shares are trading at lower $7.40. Crescent Point Energy Corp. also saw revenues decrease to $165.8 million. I consent to receiving information from The Motley Fool via email, direct mail, and occasional special offer phone calls. Information about your device and internet connection, including your IP address, Browsing and search activity while using Verizon Media websites and apps. Expected savings on payroll expenses will hopefully help to free up available cash that can be used to rationalize its current debt load, which currently sits north of $4 billion. Find out more about how we use your information in our Privacy Policy and Cookie Policy. CpG characteristics Definition. Dirt-cheap value stocks like Medical Facilities Corp (TSX:DR) and Crescent Point Energy (TSX:CPG)(NYSE:CPG) are risky but offer huge return potential. Given the current short-term trend, the stock is expected to fall -28.59% during the next 3 months and, with a 90% probability hold a price between $0.74 and $1.15 at … Not to alarm you, but you’re about to miss an important event. CpG is shorthand for 5'—C—phosphate—G—3' , that is, cytosine and guanine separated by only one phosphate group; phosphate links any two nucleosides together in DNA. Stocks Are Still Falling, but I'm Not Worried.

Simply click the link below to grab your free copy and discover all 5 of these stocks now. Enter your email address below to get started now, and join the other thousands of Canadians who have already signed up for their chance to get the market-beating advice from Stock Advisor Canada. Investors need to know how sustainable this current run. Our team thinks these 5 stocks are critically undervalued, but more importantly, could potentially make Canadian investors who act quickly a fortune. Find out when CPG reaches critical levels. Find out why you need to be avoiding this stock right now. Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. It was almost as if Crescent Point’s former CEO Scott Saxberg had positioned the company in such a manner that the stars had to align perfectly in order to get the big payoff. More » 1 2 3 … 89 Next »

Crescent Point Energy (TSX:CPG)(NYSE:CPG) stock is down more than 10% over the past four weeks.

Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

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