Crescent Point Energy Corp. (NYSE:CPG) shares traded -1.47% lower at $8.02 on Wall Street last session.
In accordance with the data, 14 analysts cover Crescent Point Energy Corp. (NYSE:CPG). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $13.64 and a low of $9.22, we find $11.06. Given the previous closing price of $8.14, this indicates a potential upside of 35.87 percent. CPG stock price is now 10.07% away from the 50-day moving average and 8.55% away from the 200-day moving average. The market capitalization of the company currently stands at $6.03B.
It has been rated a hold by 2 analysts and a buy by 11. Brokers who have rated the stock have averaged $11.26 as their price target over the next twelve months.
, while ‘Scotiabank’ rates the stock as ‘Sector Outperform’.
A total of 0.38% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in CPG stock. A new stake in Crescent Point Energy Corp. shares was purchased by EXODUSPOINT CAPITAL MANAGEMENT, LP during the first quarter worth $4,103,000. TREXQUANT INVESTMENT LP invested $3,319,000 in shares of CPG during the first quarter. In the first quarter, VIDENT INVESTMENT ADVISORY, LLC acquired a new stake in Crescent Point Energy Corp. valued at approximately $2,162,000. QUANTBOT TECHNOLOGIES LP acquired a new stake in CPG for approximately $1,153,000. TITAN GLOBAL CAPITAL MANAGEMENT USA LLC purchased a new stake in CPG valued at around $1,091,000 in the second quarter. In total, there are 258 active investors with 37.40% ownership of the company’s stock.
During the past 12 months, Crescent Point Energy Corp. has had a low of $4.05 and a high of $10.92. As of last week, the company has a debt-to-equity ratio of 0.22, a current ratio of 0.60, and a quick ratio of 0.60. The fifty day moving average price for CPG is $7.32 and a two-hundred day moving average price translates $7.42 for the stock.
The latest earnings results from Crescent Point Energy Corp. (NYSE: CPG) was released for Jun, 2022. According to the Oil & Gas E&P Company, earnings per share came in at $0.32, missing analysts’ expectations of $0.37 by -0.05. This compares to $0.10 EPS in the same period last year. The net profit margin was 54.30% and return on equity was 32.50% for CPG. The company reported revenue of $743.6 million for the quarter, compared to $586.19 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 26.85 percent. For the current quarter, analysts expect CPG to generate $737.46M in revenue.
In terms of dividend payout ratio, CPG is presently at 6.00%.
Crescent Point Energy Corp.(CPG) Company Profile
Crescent Point Energy Corp. explores, develops, and produces light and medium crude oil, natural gas liquids, and natural gas reserves in Western Canada and the United States. It’s crude oil and natural gas properties, and related assets are located in the provinces of Saskatchewan, Alberta, British Columbia, and Manitoba; and the states of North Dakota and Montana. The company was incorporated in 1994 and is headquartered in Calgary, Canada.