Crescent Point Energy Corp. (CPG): A Technical View

At the last check on Friday, Crescent Point Energy Corp.’s (NYSE:CPG) stock was up $0.25, moving up 3.70 percent to $7.00. The average number of shares traded per day over the past five days has been 9,485,459 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.38 fall in that time frame. In the last twenty days, the average volume was 9,970,705, while in the previous 50 days, it was 9,493,630.


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Since last month, CPG stock retreated -5.20%. Shares of the company fell to $6.26 on 05/10/22, the lowest level in the past month. A 52-week high of $7.98 was reached on 04/21/22 after having rallying from a 52-week low of $2.75. Since the beginning of this year, CPG’s stock price has risen by 26.40% or $1.67, and marked a new high 17 times. However, the stock has declined by -12.28% since its 52-week high.

Valuation Metrics

Right now, Crescent Point Energy Corp. (CPG) has a P/E ratio of about 1.68. The stock’s beta is 3.19. Besides these, the trailing price-to-sales (P/S) ratio of 1.77, the price-to-book (PB) ratio of 0.73, and the price-to-cash flow ratio of 6.48 may also be considered.

The latest dividend of $0.0350 per share was paid out, which is 45.83% more than last year’s $0.0240. On Monday December 6 2021, a $0.0110 dividend increase was announced.

Financial Health

In the three months ended March 30, Crescent Point Energy Corp.’s quick ratio stood at 0.40, while its current ratio was 0.40, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 0.33, and the total debt-to-equity ratio was 0.39. On the profitability front, the trailing twelve-month gross margin is 76.70% percent. Based on annual data, CPG earned $604.41 million in gross profit and brought in $2.26 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 39.00%. Return on equity (ROE) for the past 12 months was 50.30%.

In Crescent Point Energy Corp.’s quarter-end financial report for March 30, it reported total debt of $8.27 million against cash and short-term investments of $6.05 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. CPG’s revenue fell -15.41% during the quarter, while net income inched up to $2.2 billion. While analysts expected Crescent Point Energy Corp. to report $0.25 quarterly earnings, the actual figure was $1.56 per share, beating the consensus estimate by 524.00%. During the quarter, the company generated $440.54 million in EBITDA. The liabilities of Crescent Point Energy Corp. were 3.0 billion at the end of its most recent quarter ended March 30, and its total debt was $2.11 billion.

Technical Picture

This quick technical analysis looks at Crescent Point Energy Corp.’s (CPG) price momentum. With a historical volatility rate of 82.96%, the RSI 9-day stood at 50.42% on 12 May.

With respect to its five-day moving average, the current Crescent Point Energy Corp. price is down by -5.14% percent or -$0.38. At present, CPG shares trade -6.41% below its 20-day simple moving average and +59.68% percent above its 100-day simple moving average. However, the stock is currently trading approximately -3.71% below its SMA50 and +94.72% above its SMA200.

Stochastic coefficient K was 38.59% and Stochastic coefficient D was 27.24%, while ATR was 0.44. Given the Stochastic reading of 53.41% for the 14-day period, the RSI (14) reading has been calculated as 49.33%. As of today, the MACD Oscillator reading stands at -0.19, while the 14-day reading stands at -0.15.

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