The Insider Activity Of Crescent Point Energy Corp. (CPG) Should Not Be Ignored


As of Wednesday close, Crescent Point Energy Corp.’s (NYSE:CPG) stock was down -$0.15, moving down -1.86 percent to $7.90. The average number of shares traded per day over the past five days has been 8,207,021 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 10,006,160, while in the previous 50 days, it was 12,878,690.

Since last month, CPG stock rose 2.67%. Shares of the company fell to $7.36 on 10/24/22, the lowest level in the past month. A 52-week high of $10.92 was reached on 06/08/22 after having rallying from a 52-week low of $4.05. Since the beginning of this year, CPG’s stock price has risen by 48.43% or $2.56, and marked a new high 27 times. However, the stock has declined by -27.68% since its 52-week high.

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Valuation Metrics

Right now, Crescent Point Energy Corp. (CPG) has a P/E ratio of about 2.17. The stock’s beta is 3.06. Besides these, the trailing price-to-sales (P/S) ratio of 1.53, the price-to-book (PB) ratio of 0.62, and the price-to-cash flow ratio of 3.59 may also be considered.

The latest dividend of $0.0590 per share was paid out, which is -4.84% less than last year’s $0.0620. On Wednesday October 26 2022, a $0.0030 dividend decrease was announced.

Financial Health

In the three months ended September 29, Crescent Point Energy Corp.’s quick ratio stood at 0.60, while its current ratio was 0.60, 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 September 29 was 0.14, and the total debt-to-equity ratio was 0.22. On the profitability front, the trailing twelve-month gross margin is 80.10% percent. In the year ended September 29, operating margins totaled 89.00%. 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 32.50%.

In Crescent Point Energy Corp.’s quarter-end financial report for September 29, 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 lower 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 $0.37 quarterly earnings, the actual figure was $0.32 per share, beating the consensus estimate by -13.50%. During the quarter, the company generated $674.85 million in EBITDA. The liabilities of Crescent Point Energy Corp. were 2.47 billion at the end of its most recent quarter ended September 29, and its total debt was $1.69 billion.

Technical Picture

This quick technical analysis looks at Crescent Point Energy Corp.’s (CPG) price momentum. With a historical volatility rate of 48.80%, the RSI 9-day stood at 47.07% on 23 November.

With respect to its five-day moving average, the current Crescent Point Energy Corp. price is down by -4.59% percent or -$0.38. At present, CPG shares trade +0.51% above its 20-day simple moving average and +16.52% percent above its 100-day simple moving average. However, the stock is currently trading approximately +8.37% above its SMA50 and +28.04% above its SMA200.

Stochastic coefficient K was 43.72% and Stochastic coefficient D was 43.23%, while ATR was 0.40. Given the Stochastic reading of 42.11% for the 14-day period, the RSI (14) reading has been calculated as 50.43%. As of today, the MACD Oscillator reading stands at -0.25, while the 14-day reading stands at -0.24.

With a median target price of $11.06, the current consensus forecast for the stock is $9.22 – $13.64. Based on these forecasts, analysts predict Crescent Point Energy Corp. (CPG) will achieve an average price target of $11.25.


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