The stock of Crescent Point Energy Corp. (NYSE:CPG) decreased by -$0.12 on Tuesday to $8.27, down -1.49 percent. The last five days have seen an average of 3,112,629 shares of common stock traded. 19 times new highs were reached in the current year, with a gain of $1.11. The average number of shares traded over the last 20 days was 3,205,057, while the average volume over the last 50 days totaled 3,372,637.
CPG stock appreciated 16.62% since last month. On 07/17/23, the company’s shares reached a one-month low of $6.97. The stock touched a high of $8.57 on 08/09/23, after rallying from a low of $5.46 in 52 weeks. The price of CPG stock has risen by 16.35% or $1.11 this year, reaching a new high 19 times. Still, the stock price is down -3.54% 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 11.71. Beta for the stock is 2.28. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.67, the price-to-book (PB) ratio of 0.67.
Company paid $0.0750 per share in dividends, an increase of 1.35% from $0.0740 last year. A $0.0010 dividend increase was reported on Wednesday July 26 2023.
Financial Health
For the three months ended June 29, Crescent Point Energy Corp.’s quick ratio was 0.70, while its current ratio was 0.70, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.40, and the total debt to equity ratio is 0.46. As far as profitability goes, gross margin for the trailing twelve months is 75.90% percent. Crescent Point Energy Corp.’s EBITDA margin for the year ended June 29 was 73.16%, whereas its operating margin stood at 10.40% for the same period. Based on annual data, it had gross profit of $1.19 billion and revenue of $3.07 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 3.90%. There was a 25.30% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 5.90%.
Earnings Surprise
According to Crescent Point Energy Corp.’s quarterly financial report for the quarter that ended June 29, 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 $0.29, but it ended up being $0.3, beating the consensus by -3.30%. EBITDA was $432.1 million for the quarter. At the end of Crescent Point Energy Corp.’s most recent quarter ended June 29, its liabilities totaled 3.42 billion, while its total debt was $3.1 billion.
Technical Picture
Here’s a quick look at Crescent Point Energy Corp.’s (CPG) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 57.76%, suggesting the stock is Neutral, with a 22.15% historical volatility rate.
The stochastic %K and %D were 79.00% and 82.68% respectively, while the average true range (ATR) was 0.23. Based on the 14-day stochastic reading of 65.34%, the RSI (14) reading is 61.05%. On the 9-day MACD Oscillator, the stock is at 0.07, and the 14-day reading is at 0.18.
Analyst Ratings
In its analyst report released on July 21, 2023, Canaccord Genuity began covering Crescent Point Energy Corp. (NYSE: CPG). The stock was rated as a Buy by the brokerage firm. Analysts have assigned Crescent Point Energy Corp. (CPG) an Buy rating. CPG is a stock that is recommended for selling by 0 brokerage firms, while 1 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 2 rates it overweight and 12 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 $9.65 and $13.62, with a median target price of $10.40. In analyzing these forecasts, the average price target given by analysts for Crescent Point Energy Corp. (CPG) is $10.68.
