|Bid||4.0500 x 38800|
|Ask||4.0600 x 42300|
|Day's Range||4.0350 - 4.1800|
|52 Week Range||2.4300 - 4.8400|
|Beta (5Y Monthly)||1.85|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.03 (0.72%)|
|Ex-Dividend Date||Dec. 10, 2019|
|1y Target Est||8.85|
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.
While it may not be enough for some shareholders, we think it is good to see the Crescent Point Energy Corp. (TSE:CPG...
TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange:Toronto Stock Exchange (17,235.57, up 67.75 points.)Aurora Cannabis Inc. (TSX:ACB). Health care. Up 15 cents, or 6.61 per cent, to $2.42 on 11 million shares.Encana Corp. (TSX:ECA). Energy. Down five cents, or 0.85 per cent, to $5.83 on 10.3 million shares.Baytex Energy Corp. (TSX:BTE). Energy. Down one cent, or 0.52 per cent, to $1.90 on 9.8 million shares.Crescent Point Energy Corp. (TSX:CPG). Energy. Up three cents, or 0.5 per cent, to $6.01 on 8.2 million shares.Cenovus Energy Inc. (TSX:CVE). Energy. Down seven cents, or 0.53 per cent, to $13.05 on 7.3 million shares.Manulife Financial Corp. (TSX:MFC). Financials. Up 31 cents, or 1.14 per cent, to $27.48 on 4.75 million shares. Companies in the news:Air Canada (TSX:AC). Up 56 cents to $49.60. Budget airline Swoop is adding flights to three Atlantic Canadian cities from Hamilton this summer. The expansion by the low-cost subsidiary of WestJet Airlines Ltd. marks the parent company's latest move to challenge Air Canada's dominance in the Maritimes. The new flights also represent a boon for Hamilton's John C. Munro International Airport, which suffered several losses last fall when ultra-low-cost rival Flair Airlines took off for Toronto's Pearson airport and Air Canada cancelled its Hamilton-Montreal route amid sluggish sales. Swoop's new routes to St. John's, Nfld., Moncton, N.B., and Charlottetown will run between late June and late October. WestJet and its regional service WestJet Encore already fly to the three cities from Toronto.Cenovus Energy Inc. — Oilsands producer Cenovus Energy Inc. says it will aim to achieve "net zero" greenhouse gas emissions by 2050, joining a recent cavalcade of oil companies trumpeting their environmental aspirations. The Calgary-based firm says it intends to reduce its emissions per barrel by 30 per cent by 2030, while keeping flat its total emissions. It says it will do that with a multi-pronged approach including operational optimization, incorporating electricity cogeneration capacity into future oilsands phases, more use of solvent technology to reduce steam needed to produce bitumen, methane emissions reductions in its conventional drilling operations and through increased use of data analytics.Aritzia Inc. (TSX:ATZ). Up $3.48 or 16.9 per cent to $24.01. Aritzia Inc. says it earned $34.8 million in its third quarter, up from $32.6 million a year earlier, as net revenue grew 10 per cent compared with a year ago. The Vancouver-based fashion retailer says its net revenue totalled $267.3 million in the quarter ended Dec. 1 compared with $242.9 million in the same quarter last year. Comparable store sales, a key metric for retailers, were up 5.1 per cent. On an adjusted basis, Aritzia says its profit amounted to 32 cents per diluted share for what was the third quarter of its 2020 financial year, up from an adjusted profit of 31 cents per diluted share a year earlier.This report by The Canadian Press was first published Jan. 9, 2020.The Canadian Press
Oil stocks like Crescent Point Energy Corp. (TSX:CPG)(NYSE:CPG) are poised for remarkable returns that could turn out to be more reliable than a lottery ticket.
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CALGARY , Nov. 14, 2019 /CNW/ - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX and NYSE: CPG) is pleased to announce that it has entered into a definitive agreement (the "Agreement") to sell certain associated gas infrastructure assets (the "Assets") in Saskatchewan to Steel Reef Infrastructure Corp. ("Steel Reef" or the "Purchaser") for total cash consideration of $500 million . Through the sale of the Assets, Crescent Point will monetize nine natural gas gathering and processing facilities and two gas sales pipelines currently in operation within Saskatchewan .
The energy industry has been the go-to industry for long-term investors seeking value, and once again a number of stocks are looking cheap, especially Surge Energy Inc (TSX:SGY).
Crescent Point Energy Corp. (TSX:CPG) (NYSE:CPG) continues to create value as the stock's valuation remains at rock bottom levels.