The Insider Activity Of Crescent Point Energy Corp. (CPG) Is Worth Monitoring

KOSK Stock
KOSK Stock

Crescent Point Energy Corp. (NYSE:CPG) finished Thursday with a subtraction of -$0.25 to close at $6.54, a downside of -3.68 percent. An average of 14,696,680 shares of common stock have been traded in the last five days. There was a fall of -$0.41 in the past week, and it reached a new high 37 times over the past 12 months. The last 20 days have seen an average of 12,120,855 shares traded, while the 50-day average volume stands at 12,404,048.

CPG stock has decreased by -17.84% in the last month. The company shares reached their 1-month lowest point of $6.54 on 09/22/22. With the stock rallying to its 52-week high on 06/08/22, shares of the company touched a low of $3.90 and a high of $10.96 in 52 weeks. It has reached a new high 27 times so far this year and achieved 22.47% or $1.20 in price. In spite of this, the price is down -40.33% 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 2.22. The stock’s beta is 3.01. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.35, the price-to-book (PB) ratio at 0.55, and the price-to-cash flow ratio at 3.68.

The company has a payout ratio of 4.80%. The company’s most recent quarterly dividend payment was $0.0620 a share, representing a up of 77.14% from $0.0350 last year. Its latest increase dividend $0.0270 reported on Wednesday July 6 2022.

Financial Health

The quick ratio of Crescent Point Energy Corp. for the three months ended June 29 was 0.60, and the current ratio was 0.60, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.17 and a total debt to equity ratio of 0.25 for the quarter ending June 29. Its gross profit as reported stood at $604.41 million compared to revenue of $2.26 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Crescent Point Energy Corp.’s return on assets was 17.50%.

Earnings Surprise

For the three-month period that ended June 29, Crescent Point Energy Corp. had $6.05 million in cash and short-term investments compared to $8.27 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$791.51 million in the quarter, while revenues were shrunk -153.26%. The analyst consensus anticipated Crescent Point Energy Corp.’s latest quarter earnings to come in at $0.38 per share, but it turned out to be $0.43, a 13.20% surprise. For the quarter, EBITDA amounted to $559.76 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Crescent Point Energy Corp. (CPG) price momentum. RSI 9-day as of the close on 22 September was 30.40%, suggesting the stock is Neutral, with historical volatility in this time frame at 40.04%.

As of today, CPG’s price is $6.84 -5.90% or -$0.41 from its 5-day moving average. CPG is currently trading -19.46% lower than its 20-day SMA and -5.49% lower than its 100-day SMA. However, the stock’s current price level is -1.51% below the SMA50 and +35.68% above the SMA200.

The stochastic %K and %D were 20.79% and 20.61%, respectively, and the average true range (ATR) was 0.35. With the 14-day stochastic at 0.00% and the average true range at 0.36, the RSI (14) stands at 36.56%. The stock has reached -0.25 on the 9-day MACD Oscillator while the 14-day reading was at -0.29.

Analyst Ratings

Scotiabank upgraded Crescent Point Energy Corp. (NYSE: CPG) to a a Sector outperform rating in its most recent analyst report. Previously, the stock was rated as a Sector perform. The consensus rating for Crescent Point Energy Corp. (CPG) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell CPG, while 2 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 11 others rate it as a “buy”.

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

Analysts predict a range of price targets between $9.25 and $15.51, with a median target of $11.56. Taking a look at these predictions, the average price target given by analysts for Crescent Point Energy Corp. (CPG) stock is $11.84.


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