Keep An Eye On Crescent Point Energy Corp.’s Insider Activity (CPG)

The stock of Crescent Point Energy Corp. (NYSE:CPG) increased by $0.12 on Friday to finish at $5.16, up 2.37 percent on Monday. The last five days have seen an average of 2,742,797 shares of common stock traded. 24 times new highs were reached in the current year, with a gain of $2.82. The average number of shares traded over the last 20 days was 4,139,984, while the average volume over the last 50 days totaled 3,429,256.

CPG stock appreciated 23.23% since last month. On 09/27/21, the company’s shares reached a one-month low of $4.36. The stock touched a high of $5.48 on 10/11/21, after rallying from a low of $1.11 in 52 weeks. The price of CPG stock has risen by 115.38% or $2.82 this year, reaching a new high 24 times. Still, the stock price is down -5.85% from the 52-week high.

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Valuation Metrics

Crescent Point Energy Corp. (CPG) has a trailing price-to-earnings (P/E) ratio of 1.40. This level actually compares favorably with the industry at large, as the PE for the Oil & Gas E&P industry stands at about 25.71. Further, its PE also compares favorably with the Energy sector’s trailing 12 months PE ratio, which comes in at 20.11 right now. The PE ratio of Crescent Point Energy Corp. has varied between 1.778 and 1.015 in the last five years. Beta for the stock is 3.31. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.72, the price-to-book (PB) ratio of 0.56, and the price-to-cash flow ratio of 4.38.

Crescent Point Energy Corp.’s dividend is $0.01 per share per year. With a dividend yield of 0.19%, CPG has a payout ratio of 0.30%. Company paid $0.0240 per share in dividends, an increase of 1100.0% from $0.0020 last year. A $0.0220 dividend increase was reported on Monday September 13 2021, making it the 1 consecutive year the dividend has increased. Over the last three years, dividends have increased by -95.39%.

For the three months ended December 30, Crescent Point Energy Corp.’s quick ratio was 0.50, while its current ratio was 0.50, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending December 30 is 0.44, and the total debt to equity ratio is 0.50. As far as profitability goes, gross margin for the trailing twelve months is 71.10% percent. Based on annual data, it had gross profit of -$2.26 billion and revenue of $1.11 billion.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. CPG’s return on assets (ROA) during the last 12 months has been 28.80%. There was a -49.70% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 61.30%. ROE has averaged 12.45 in the past year for the broader industry.

Earnings Surprise

According to Crescent Point Energy Corp.’s quarterly financial report for the quarter that ended December 30, it had $8.27 million in total debt versus $6.05 million in cash and short-term investments. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $2.2 billion, while revenues fell by -15.41% to $0.0. It was predicted that Crescent Point Energy Corp.’s quarterly earnings would be -$0.08, but it ended up being -$0.08. EBITDA was $314.05 million for the quarter. At the end of Crescent Point Energy Corp.’s most recent quarter ended December 30, its liabilities totaled 3.29 billion, while its total debt was $2.3 billion.

Technical Picture

Here’s a quick look at Crescent Point Energy Corp.’s (CPG) price momentum from a technical perspective. As of 22 October, the RSI 9-day stood at 62.99%, suggesting the stock is Neutral, with a 57.20% historical volatility rate.

The stochastic %K and %D were 42.73% and 43.43% respectively, while the average true range (ATR) was 0.22. Based on the 14-day stochastic reading of 57.52%, the RSI (14) reading is 63.34%. On the 9-day MACD Oscillator, the stock is at 0.02, and the 14-day reading is at 0.02.

Analyst Ratings

In its most recent analyst report, RBC Capital Mkts raised its rating on Crescent Point Energy Corp. (NYSE: CPG) to an Outperform. Prior to this, analysts firm rated the stock as a Sector perform. Analysts have assigned Crescent Point Energy Corp. (CPG) an Overweight rating. CPG is a stock that is recommended for selling by 0 brokerage firms, while 4 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 0 rates it overweight and 10 others recommend it as a buy.

What is CPG’s price target for the next 12 months?

The current consensus forecast for the stock is between $3.41 and $9.84, with a median target price of $7.28. In analyzing these forecasts, the average price target given by analysts for Crescent Point Energy Corp. (CPG) is $7.08.


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