As of Thursday close, Crescent Point Energy Corp.’s (NYSE:CPG) stock was up $0.19, moving up 2.38 percent to $8.16. The average number of shares traded per day over the past five days has been 3,113,480 shares. 3 times new highs have been achieved over the past 5 days, with a $0.39 gain in that time frame. In the last twenty days, the average volume was 3,601,330, while in the previous 50 days, it was 3,526,710.
Since last month, CPG stock rose 20.53%. Shares of the company fell to $6.50 on 07/06/23, the lowest level in the past month. A 52-week high of $8.59 was reached on 07/27/23 after having rallying from a 52-week low of $5.47. Since the beginning of this year, CPG’s stock price has risen by 14.50% or $1.01, and marked a new high 17 times. However, the stock has declined by -4.97% 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 11.56. The stock’s beta is 2.29. Besides these, the trailing price-to-sales (P/S) ratio of 1.59, the price-to-book (PB) ratio of 0.66.
The latest dividend of $0.0750 per share was paid out, which is 1.35% more than last year’s $0.0740.
Financial Health
In the three months ended June 29, Crescent Point Energy Corp.’s quick ratio stood at 0.70, while its current ratio was 0.70, 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 June 29 was 0.40, and the total debt-to-equity ratio was 0.46. On the profitability front, the trailing twelve-month gross margin is 75.90% percent. In the year ended June 29, EBITDA margin amounted to 73.16%, whereas operating margins totaled 10.40%. Based on annual data, CPG earned $1.19 billion in gross profit and brought in $3.07 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 25.30%. Return on equity (ROE) for the past 12 months was 5.90%.
In Crescent Point Energy Corp.’s quarter-end financial report for June 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 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 $0.31 quarterly earnings, the actual figure was $0.29 per share, beating the consensus estimate by -6.50%. During the quarter, the company generated $432.1 million in EBITDA. The liabilities of Crescent Point Energy Corp. were 3.42 billion at the end of its most recent quarter ended June 29, and its total debt was $3.1 billion.
Technical Picture
This quick technical analysis looks at Crescent Point Energy Corp.’s (CPG) price momentum. With a historical volatility rate of 37.35%, the RSI 9-day stood at 67.18% on 03 August.
With respect to its five-day moving average, the current Crescent Point Energy Corp. price is up by +5.02% percent or $0.39. At present, CPG shares trade +24.01% above its 20-day simple moving average and +20.89% percent above its 100-day simple moving average. However, the stock is currently trading approximately +21.07% above its SMA50 and +20.71% above its SMA200.
Stochastic coefficient K was 83.90% and Stochastic coefficient D was 83.66%, while ATR was 0.27. Given the Stochastic reading of 89.43% for the 14-day period, the RSI (14) reading has been calculated as 66.26%. As of today, the MACD Oscillator reading stands at 0.08, while the 14-day reading stands at 0.27.
Analyst Ratings
Canaccord Genuity launched its rating on Crescent Point Energy Corp. (NYSE: CPG) to a Buy in a note to investors on July 21, 2023. Crescent Point Energy Corp. (CPG) has been rated Buy by analysts. According to 0 brokerage firms, CPG is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate Crescent Point Energy Corp. stock as buy, with 12 recommending it as overweight.
With a median target price of $10.40, the current consensus forecast for the stock is $8.73 – $13.62. Based on these forecasts, analysts predict Crescent Point Energy Corp. (CPG) will achieve an average price target of $10.64.
