What’s Crescent Point Energy Corp. (CPG)’s Price to Earnings Ratio?

Crescent Point Energy Corp. (NYSE:CPG) saw an upside of 5.27% on Monday at $4.99 after adding $0.25. The 5-day average trading volume is 4,093,321 shares of the company’s common stock. It has gained $5.09 in the past week and touched a new high 3 times within the past 5 days. An average of 3,527,695 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,136,506.

CPG’s 1-month performance is 34.66% or $1.36 on its low of $3.33 reached on 09/09/21. The company’s shares have touched a 52-week low of $1.05 and high of $4.86, with the stock’s rally to the 52-week high happening on 10/04/21. YTD, CPG has achieved 102.56% or $2.62 and has reached a new high 21 times. However, the current price is up 2.78%% from the 52-week high price.

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Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 1.714 and a low of 1.015. CPG stock has a beta of 3.38. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.64 while the price-to-book (PB) in the most recent quarter is 0.53, with the price to cash flow ratio at 4.18.

Crescent Point Energy Corp. pays an annual dividend of $0.01 per share. Its dividend yield is 0.20% and the payout ratio is 0.30%. CPG paid $0.0240 a share compared with prior rate of $0.0020, up 91.67% from last year’s. Measured over the last 3 years, the Dividend has been growing by -95.39% yearly.

It is projected that Crescent Point Energy Corp.’s next ex-dividend date will be on 14-Dec-2021. CPG is expected to distribute $0.03 as its next dividend.

Crescent Point Energy Corp.’s quick ratio for the period ended June 29 was 0.50, with the current ratio over the same period at 0.50 meaning that CPG stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.44, while the total debt to equity was 0.50. In terms of profitability, the gross margin trailing 12 months is 71.10%. The firm’s gross profit as reported stood at -$2.26 billion against revenue of $1.11 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Crescent Point Energy Corp.’s cash and short-term investments amounted to $6.05 million against total debt of $2.61 billion. Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected CPG to announce $0.17 per share in earnings in its latest quarter, but it posted $0.17, representing a 0.00% surprise. EBITDA for the quarter stood at more than $314.05 million. CPG stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 3.29 billion, with total debt at $2.61 billion

Technical Picture

Let’s look briefly at Crescent Point Energy Corp. (CPG) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 01 October was 79.14% to suggest the stock is trending Overbought, with historical volatility in this time period at 84.61%.

The stock’s 5-day moving average is $4.68, reflecting a +6.67% or $0.31 change from its current price. CPG is currently trading +37.78% above its 20-day SMA, +19.23% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +46.31% and +108.40% respectively.

Stochastic %K and %D was 90.51% and 88.82% and the average true range (ATR) pointed at 0.26. The RSI (14) points at 73.60%, while the 14-day stochastic is at 90.91% with the period’s ATR at 0.24. The stock’s 9-day MACD Oscillator is pointing at 0.29 and 0.49 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Crescent Point Energy Corp. (NYSE: CPG), RBC Capital Mkts upgraded it to an Outperform rating. They previously had a Sector perform rating on the stock.


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